Corporate Governance

It appears fraudsters are shifting their tactics online even in advance of the migration of in-store POS to EMV compliance.

The U.S. Retail Fraud Survey 2015 has reported a substantial increase in online credit card fraud. Published by Retail Knowledge and sponsored by cash handling technology provider Volumatic, the survey shows the biggest area of online loss remains, overwhelmingly, from the fraudulent use of credit cards (66%).

Fresh on the heels of its announced $17.2 billion acquisition of Rite Aid, Walgreens Boots Alliance reported fourth-quarter net earnings of $26 million Wednesday — compared to a $221 million loss during the same period last year — and finished significantly ahead of analyst expectations. Net sales climbed almost 50% to $28.5 billion during the quarter, which ended August 31.

Gordmans Stores is taking a POS-centric approach to improving the store experience.

Nebraska-based Gordmans, a discount department store chain with 101 locations, has engaged with retail solutions provider OLR to implement Oracle Retail Xstore Point of Sale (POS) and Oracle Retail Customer Engagement.

The latest case of reported retail POS fraud highlights the need for EMV adoption.

Regional convenience chain Casey’s General Stores Inc., which operates 1,887 stores in 14 states, has confirmed that credit card skimming devices were discovered at six of its stores in Nebraska and one store in Iowa.

IBM is looking to give retailers an edge in dealing with the effects of the weather, with help from the Internet of Things (IoT).

The technology firm has entered into an agreement to acquire The Weather Company’s B2B, mobile and cloud-based web properties, including WSI, weather.com, Weather Underground and The Weather Company brand.

Greensboro, N.C. -- Tanger Factory Outlet Centers, Inc. announced the election of David B. Henry to its board of directors, effective Jan. 1.

Henry will retire from his current role as vice chairman of the board and CEO of Kimco Realty Corporation, effective Jan. 1. He joined Kimco, North America's largest publicly traded owner and operator of open air shopping centers, in April 2001 as vice chairman and chief investment officer, served as its president from December 2008 through August 2014, and has served as CEO since December 2009.

Pickerington, Ohio -- Stark Enterprise announced the addition of The Shoppes at Stonecreek located in Pickerington, Ohio to its retail portfolio. The 45,000 sq. ft. center is currently 100% occupied, tenants include: Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

“This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.

Skechers has surpassed its fundraising goal for special needs kids with an ever-popular event that appeals to its target market.

The Internet of Everything (IoE) has moved from vision to reality in retail and food industries, creating a “Connected Food” movement that is transforming everything from the way consumers shop, to how products are sold and how retailers can run their businesses.

Fresh on the heels of its announced $17.2 billion acquisition of Rite Aid, Walgreens Boots Alliance reported fourth-quarter net earnings of $26 million and a boost in same store sales.

Net sales climbed almost 50% to $28.5 billion during the quarter, which ended August 31.