Visa Inc. and MasterCard Inc. are teaming up to create a new group that will focus on improving payment system security.
Abercrombie & Fitch is reportedly planning to rebrand its Hollister banner as a fast-fashion retailer.
Foot Locker Inc. increased net income 16% to $121 million in the fourth quarter of fiscal 2013 from the same period the prior year. Net sales grew 5% to $1.79 billion, from $1.71 billion.
Sixty percent of Millennials would be willing to provide details about their personal preferences and habits to marketers, whereas Baby Boomers are much more protective of their personal information.
Family Dollar Stores Inc. has joined EPA’s Energy Star program as an Energy Star partner.
Bi-Lo Holdings, LLC, parent company of Bi-Lo and Winn-Dixie supermarket chains, is converting seven existing Harveys stores to Winn-Dixie stores and three existing Winn-Dixie stores to Harveys stores.
Supervalu directors Mark Neporent and Lenard Tessler have stepped down from the company’s board of directors as a result of Cerberus-owned Albertsons’ deal to acquire Safeway.
Only about four-in-10 (39%) of consumers are "very confident" that using a credit or debit card was safe. Half (49%) of consumers surveyed were only "somewhat confident."
Net income and sales declined at Big Lots Inc. during the fourth quarter of fiscal 2013 as compared to the same quarter in the prior fiscal year. N
Target’s database breach in December 2013 not only affected the retailer’s fourth quarter comparable store sales, but also contributed to plummeting shopper penetration post-holiday.