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Spanx taps new CEO
Spanx has named Jan Singer as CEO, reporting to founder and owner of the company, Sara Blakely.
Interim CEO Gregg Ribatt will assist Singer through a transition period, and then continue to serve on the company’s board of advisers. Singer is expected to join the company officially in early July.
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Sam’s Club launching credit card with chip-enabled security technology
Bentonville, Ark. -- Sam's Club announced it will launch a new credit card using EMV chip-enabled technology on June 23, beating Target as the first mass retailer to move to the new technology. The new card — co-branded with MasterCard Inc. and issued by GE Capital Retail Bank — has an embedded chip that makes the card more difficult to duplicate, which provides enhanced security from fraudulent activity, according to Sam’s Club.