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NEW YORK, Feb 5- Target Corp's decision to speed up a $100 million program to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers.
Jan 24- Wal-Mart Stores Inc said on Friday it had cut 2,300 jobs, or roughly 2 percent of the total workforce at its Sam's Club retail warehouse chain, its biggest round of layoffs since 2010.. The action follows a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy's Inc, J.C. Penney Co Inc and Target Corp..
Jan 24- Wal-Mart Stores Inc said it cut roughly 2 percent of total employees, or about 2,300 jobs, at its Sam's Club retail warehouse chain on Friday, its biggest round of layoffs since 2010.. The action comes on the heels of a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy's Inc, J.C. Penney Co Inc and Target Corp..
NEW YORK, Jan 24- Corporate America is rapidly healing one of the last wounds suffered in the 2008 financial crisis.
A number of retailers have said that traffic levels continue to struggle, and experts say the heavy promotional environment has also persisted.
Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller store footprints.
Consumer discretionary stocks helped lead the way for the stock market last year, and now, they may be poised to lead to the downside as well.
Investors have punished retailers so far this year, but Restoration Hardware's 15 percent stock drop may not be justified. Here's why.
NEW YORK, Jan 15- J.C. Penney Co Inc said on Wednesday it would close 33 stores and cut 2,000 jobs as part of its efforts to return to profitability. Last week, Macy's Inc said it was eliminating 2,500 jobs.
NEW YORK, Jan 15- J.C. Penney Co Inc said on Wednesday it will close 33 stores and cut 2,000 jobs as part of the struggling retailer's efforts to return to profit. Chief Executive Myron Ullman in a statement called the move an important step that "addresses a strategic priority to improve the profitability of our stores."
The failure in the U.S. to adopt tighter credit card payment standards makes purchases more vulnerable to hackers, said the CEO of a leading smart card maker.
Some undercover work at Starbucks stores shows there may be problems brewing at Wall Street's coffee darling, says retail analyst Brian Sozzi.
Behind the Target security hack is a dysfunctional U.S. credit card norm created by opposing retail and banking interests.
BOSTON/ NEW YORK, Jan 13- Target Corp began a major public relations effort on Monday to apologize to customers for an unprecedented cyber attack on its network, but the No. 3 U.S. retailer was vague in providing details about what it knew and when. Target is trying to woo back customers after sales dropped off at the end of the holiday season.
Top bosses at retail and automotive companies are noticing the same thing about the U.S. economy, and it has them optimistic.
Earnings season heats up this week, and the results actually could mean something this time.
Macy's boss Terry Lundgren tells CNBC there's no evidence that his retailer has been subject to the kind of cyberattacks experienced at Target and Neiman Marcus.
It's been a year of rising stock prices and economic recovery. So why are executives still making cuts and dissing this economy? Retail analyst Brian Sozzi explains.
Target and Neiman Marcus are not the only U.S. retailers whose networks have been breached, sources familiar with attacks on other merchants say.
Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.