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  • Report: Target faces bank suit over breach

    Minneapolis – Target Corp. has reportedly failed in its attempt to dismiss a lawsuit filed by banks in federal court in Minneapolis. According to Reuters, the banks are seeking compensation in the millions of dollars for reimbursing consumers for fraudulent charges and issuing new payment cards in connection with the November 2013 security breach at Target.

  • Report – FBI warns of catastrophic new malware

    Washington, D.C. – The FBI is reportedly warning U.S. businesses of a catastrophic new malware that may have links to the governments of North Korea and/or Iran. According to Reuters, the malware has previously been used in destructive attacks against businesses in the Middle East and Asia, but was detected for the first time in the U.S. in a recent cyberattack that shut down corporate email for a week and damaged other systems at Sony Pictures Entertainment.

  • Analysis: RadioShack pulls out the stops as it heads into holidays

  • Macy’s to parade Facebook ads on Thanksgiving

    When Macy's kicks off the holiday shopping season with its traditional parade on Thanksgiving Day, the retailer will also be deploying social media to complement its holiday push.

    The company earlier this year was one of the first retailers to launch Facebook video ads. On Thursday evening, Macy’s will roll out its next round of video ads, this time to coincide with its Black Friday weekend campaign.

  • Report: Luxottica owner says return as CEO temporary

    Milan, Italy –- Leonardo Del Vecchio, 79, the chairman and founder of global eyewear manufacturer/retailer Luxottica Group who assumed the role of interim CEO on Oct. 14, has reportedly sent a letter to employees reassuring them his return as CEO is temporary. According to Reuters, in the letter, Del Vecchio said he would step down and turn management over to new co-CEOs once the company’s new governance structure is consolidated.  

  • Report: Sears closing more stores

    New York -- Investor website Seeking Alpha reported on Thursday that Sears Holdings Corp. is closing more than 100 stores and laying off at least 5,457 employees. The report, which Sears said was inaccurate, said the shutterings include 30 Sears stores, 31 Sears Auto Centers and 46 Kmart stores.  

  • Industry Commentary: C-stores evolving quickly amid rising expectation

    Las Vegas -- Today’s convenience stores face growing pressure to evolve amid the ramped-up expectations of global consumers, according to remarks made by Joseph Bona, president of branded environments at brand agency and retail design consultancy CBX, and Dan Munford, managing firector of U.K.-based Insight, convenience and petroleum retail strategy specialists, at the National Association of Convenience Stores’ annual convention in Las Vegas.  

  • Report: Wal-Mart pilots digital movie service

    Bentonville, Ark. –- Wal-Mart Stores Inc. is reportedly piloting a service called InstaWatch that lets customers obtain digital access to movies they buy in stores or on the Wal-Mart site.  

  • Report: Judge rejects Abercrombie CEO pay settlement

    New Albany, Ohio – A federal judge has reportedly rejected an Aug. 29 settlement of a lawsuit over the pay received by co-CEO Michael Jeffries. According to Reuters, U.S. District Judge James Graham in Columbus, Ohio, said shareholders belonging to the City of Plantation, Florida Police Officers' Employees' Retirement System, who challenged the $140 million in pay and additional travel expenses Jeffries has received since 2007, give up too much in the settlement.

  • Report: Standard General in talks with RadioShack to improve retailer’s liquidity

    New York -- Standard General LP is in talks to improve RadioShack’s cash position in advance of the holiday season, Reuters reported. The hedge fund said it was in talks with the struggling retailer to buy the company's loans and other commitments under its asset-backed credit facility.

    Standard General has also raised its stake in RadioShack to 9.8% from 7.08%. It is now the retailer’s largest shareholder.

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