Target, which started its subscription service by offering 150 baby products, is expanding the program tenfold by adding nearly 1,600 items.» Read More
April 17- Michaels Stores Inc, the biggest U.S. arts and crafts retailer, on Thursday confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers.
NEW YORK— Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation's largest arts and crafts chain said its subsidiary Aaron Brothers was also attacked, with about 400,000 cards potentially affected.
In addition to the cybersecurity failings, even the physical security in place to protect SEC data and equipment from being accessed or stolen is lax, a 25- page GAO report said, with workstations located in an area open to all agency staff.
WASHINGTON— Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach retailer Target's computer systems last December.
NEW YORK— Target is taking aim at rival Amazon by expanding a service that regularly delivers products to shoppers' homes. The nation's second-largest discounter started its subscription service in September by offering 150 baby products, like baby wipes and diapers, for delivery.
The SEC also plans examinations of more than 50 firms that will focus on cyber security-specific issues. John Reed Stark, the SEC's former chief of Internet enforcement and now a managing director with digital risk management consultancy Stroz Friedberg, said the SEC's detailed list of questions is both unusual and "forward-thinking."
April 16- Canadian grocer Metro Inc posted a higher-than-expected quarterly profit as a reorganization of its Ontario operations boosted sales and the company raised its dividend.
WASHINGTON— U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products. The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012. WASHINGTON— The calendar shows April 15, and you haven't even started on your federal tax return?
BOSTON, April 14- U.S. retailers are planning to form an industry group for collecting and sharing intelligence about cyber security threats in a bid to prevent future attacks in the wake of last year's big attack on Target Corp..
BOSTON, April 14- U.S. retailers are planning to form an industry group for collecting and sharing intelligence about cyber security threats in the wake of last year's big attack on Target Corp.. The National Retail Federation said on Monday it will establish an Information Sharing and Analysis Center, or ISAC, for the retail industry in June.
NEW YORK— The number of Americans who say they've had important personal information stolen online is on the rise, according to a Pew Research Center report released Monday.
The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012.
NEW YORK— Wal-Mart is using its massive size to drive down the price of organic food items from tomato paste to chicken broth to make them more affordable for its low-income customers. Wal-Mart Stores Inc. is unveiling nearly 100 pantry items under the Wild Oats label over the next several months, adding to the 1,600 organic food items it already carries.
Wal-Mart will provide shoppers with organic food options at the same price as its nationally branded non-organic items.
After high-profile retail data breaches the industry is accelerating a shift to EMV technology, but it won't solve all the industry's problems.
Credit and debit card fraud is a multibillion-dollar problem, but putting an exact figure on the cost is not that easy.
MIAMI BEACH, Fla.— Two police officers burst through a hotel room door with guns drawn, yelling "Police! The February arrests of Pascal Reid and Michell Espinoza marked the first time any state has brought money laundering charges involving bitcoins, according to Miami- Dade State Attorney Katherine Fernandez Rundle.
It's probably too early to say, but major retailers will be paying close attention to the sales numbers after CVS Caremark pulls tobacco from its shelves by October. CVS Caremark Corp. is part of a booming industry. In that same stretch since early February, shares of rivals Walgreen Co. and Rite Aid Corp. have surged as well.
NEW YORK— Target is upping the game on organic and sustainable products. The products, which are being produced by such names as Chobani, Method and Seventh Generation, will range in price from $1.99 to $24.99, and will span across baby, beauty, grocery, health care and household items.
Sales have been weak, and the retailer lost nearly a billion dollars in Canada for the year. Cracking the Canadian retail market, about one-tenth the size of the United States', looks simple. But Target's difficulties expose the challenges of doing business in Canada that have bedeviled other retailers.