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  • How a big data firm may have helped Trump win the election

    The Trump campaign hired a British data firm that collects data gleamed from such sources retailers’ loyalty cards to help target potential voters.   
  • A new era: Walmart’s e-commerce management shakeup

    Walmart’s $3.3 billion purchase of e-commerce startup jet.com has spurred a shakeup across the retail giant’s digital operations.      Exiting the chain are Fernando Madeira, president and CEO of Walmart.com, and Dianne Mills, senior VP of global e-commerce human resources. (As previously announced, Neil Ashe, president and CEO of global e-commerce, is also leaving).   
  • Sears responds to claims that it failed to pay toy vendor

    A spat with a toy vendor could make for a difficult holiday shopping season for Sears Holdings.   Due to claims of financial difficulties, reports claim that toy manufacturer Jakks Pacific has halted sales of its Star Wars and Disney Princess toys, among other merchandise, to “a major U.S. customer," which was presumed by some to be Kmart, according to CNBC.  
  • Another retailer hit with possible data breach

    Specialty retailer Vera Bradley has raised an alert about a possible data breach.   The company said it is investigating a payment card breach that may have affected cards used at the retailer's stores between July 25, 2016 and Sept. 23, 2016. Hackers may have accessed customer data including card numbers, cardholder names, expiration dates and internal verification. Online transactions were not affected.  
  • SPECS reveals opening keynote speakers

    SPECS 2017, the “Retail Event for Store Innovation,” announced that three of the nation’s top financial experts will open the program at the 53rd annual SPECS conference, which will be held March 12-14 at the Gaylord Palms in Kissimmee (Orlando), Florida.  
  • Prime membership is rising quickly

    Half of all American households might have an Amazon Prime membership by the end of this year.

    Cowen and Company analyst John Blackledge estimates that approximately 44% of U.S. households are Prime members, and that  penetration could accelerate to 50% by the end of the year, according to a report by CNBC.   

    Prime has maintained healthy growth largely due to [its] increasing value proposition," Blackledge said. 

  • Retailers face labor shortages

    The nation’s improving job market has a down side for the retail industry, particularly as the crucial holiday season arrives.   With the U.S. employment rate declining and minimum wages rising, it’s getting more challenging and more expensive for retailers to attract the best workers, reported CNBC.  
  • Not good for business: Retailers show outerwear amid 90 degree temps

    Consumers’ new ‘buy now, wear now’ mentality it putting them at odds with retailers, many of whom are already pushing outerwear and other cold weather gear.    
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