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Kohl's walks the walk for juvenile diabetes cure
MENOMONEE FALLS, Wis. — Kohl’s Department Stores announced that in support of curing type one diabetes and improving the lives of local children, more than 1,300 Kohl’s associates, friends and family will take part in the JDRF Kohl’s Walk to Cure Diabetes on Sept. 15 at the Milwaukee County Zoo.
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DSW awarded $7.2 million for credit card breach
Columbus, Ohio -- DSW Inc. said Thursday that it has been awarded $7.2 million as a result of litigation with its insurance carrier stemming from its credit card data breach in 2005.
The $7.2 million award represents damages plus accrued interest.
In other news, DSW has declared a special dividend totaling $91 million to be paid on Oct. 26 to shareholders. According to president and CEO Mike MacDonald, the special distribution, which is in addition to the regular dividend, represents “significant cash flow generation.”