Neiman Marcus

Chick-fil-A probing possible data breach
The new year has brought new news of another data breach, this time involving fast food chicken giant Chick-fil-A.

Chick-fil-A Inc. confirmed it is investigating reports of potential unusual activity involving payment cards used at its restaurants. The Atlanta-based chicken chain said it received the initial report from its payment industry contacts late on Dec. 19.
Retail cyber security a CEO priority
Chief Information Security Officers (CISO) have become more common on companies’ senior leadership teams. They might be in even higher demand after the highly publicized data breaches at Target, Home Depot, Neiman Marcus and other companies in the past couple of years (see a timeline of data breaches in the past decade here). In fact, Neiman Marcus just hired its first CISO, Sarah Hendrickson.

Neiman Marcus will anchor The Shops at Clearfork

Fort Worth, Texas - Simon will partner with Cassco Development Co. to develop the first phase of retail on the Edwards Ranch in Fort Worth into an approximately 500,000-sq.-ft. shopping destination. The Shops at Clearfork will be anchored by Neiman Marcus and include 100 high-end specialty stores, a premium luxury theater, and distinctive restaurants.
iMyne lets shoppers pay it forward

Some of the biggest names in the retail industry have partnered with a new online shopping and fundraising platform called iMyne, which aims to make it easy for consumers to earn money and give to their favorite causes after shopping online.

Like other rewards sites, imyne.com gives shoppers the option of earning cash back. But it also allows them to send their cash back to charitable causes. Top retailers such as Nordstrom, Neiman Marcus, Target, Sears, Home Depot, Gap, Best Buy, Saks, Zappos and more have all signed up as retail partners.
ShopRunner in partnership with Alipay for U.S. retailers

Mateo, Calif. -- ShopRunner announced a new partnership with Alipay which will pave the way for Chinese online shoppers to buy directly from U.S. retailers’ ecommerce sites. Alipay is China's leading e-payments provider and is widely used by hundreds of millions of Chinese online shoppers.
Gap Raises Bar on Digital With New CEO

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Study: Nordstrom--online and in-store--top luxury retailer

New York -- Nordstrom came out on top in a ranking of luxury retailers by the Luxury Institute. According to the group's 2014 Luxury Multichannel Engagement Index, Nordstrom had the highest incidence of customers spending online (26%) and in-store (45%). It also led in its share of total fashion spend (17%).
Nordstrom tops luxury ranking list

America’s most affluent prefer Nordstrom’s brand of omnichannel retail over some of the biggest luxury retailers out there, according to a new study.

An organization called the Luxury Institute released findings from its 2015 Luxury Multichannel Engagement Index (LMEI) survey of large multi-brand retailers. Responders had a minimum annual income of $150,000, an average annual income of $318,000 and an average net worth of $3.1 million.
Analysis: Gap Raises the Bar on Digital Revolution with New CEO Appointment

By Les Berglass The appointments of new chief executives of major brands always cause a stir, but Gap Inc.’s recent announcement that Art Peck would succeed Glenn Murphy hit Wall Street like a truck. Why? Because the investment community wanted a more predictable, standing CEO—it likes stability. But the truth is, this is a positive and revolutionary change.
Under Armour nabs Neiman exec for board

Karen Katz, president and CEO of Neiman Marcus Group, has been appointed to the board of directors of Under Armour Inc.
Kmart hit by data breach

Hoffman Estates, Ill. -- Kmart is the latest retailer to be hit by a payment data breach. The breach was discovered last Thursday by the chain’s information technology team, and the company immediately launched an investigation with a leading security firm, according to Kmart’s parent company, Sears Holdings Corp.
Retailers face legal challenges over advertising prices

Retailers have had a tough year when it comes to advertising prices. In January, a California court issued a multimillion dollar penalty against Overstock.com, after determining that the company advertised discounts in a misleading manner. Since then, retailers across a range of industries have been dragged into costly lawsuits and regulatory investigations involving similar issues. If you’re wondering how something as mundane as advertising the price of an item could lead to so much trouble it’s because the issue is more complicated than most people think.