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Retail

  • L Brands names bank exec to board

    Columbus, Ohio – L Brands has named Stephen D. Steinour to its board of directors. Steinour is chairman, president and CEO of Huntington Bancshares Inc., a $59 billion regional bank holding company headquartered in Columbus, Ohio.

    "I am excited to welcome Steve to our board," said Leslie H. Wexner, chairman and CEO of L Brands. "I'm confident that his considerable expertise in business, finance and customer service will provide valuable insight and guidance to our company. We're extremely fortunate that he has joined our team."

  • Report: Target says vendor breach led to data theft

    Minneapolis – Target reportedly said a data breach at an unidentified vendor led to hackers obtaining phony credentials that allowed them to gain access to Target’s systems and steal the information for 40 million credit and debit cards, as well as the personal data of about 70 million consumers. According to the Associated Press, Target did not offer any specific details on who the vendor was or how hackers obtained the credentials.

  • Toys ‘R’ Us launches online campaign for Special Olympics

    Toys “R” Us is launching a nationwide in-store and online awareness campaign encouraging its customers to support the athletes participating the Special Olympics.

    Starting Feb. 1, by texting "Cheer" to 80888, customers can make a $5 donation via their mobile device that will help Special Olympics athletes.

  • Study: Holiday gift card sales rise

    Portland, Ore. – Fifty-seven percent of consumers purchased digital gift cards in December 2013 and 43% purchased physical cards. Data from prepaid product and transaction services company InComm also shows that 80% of consumers purchased digital cards in the six days leading up to Christmas and 20% of consumers purchased physical cards in the six days leading up to Christmas

  • Toys ‘R’ Us launches multichannel Special Olympics campaign

    Wayne, N.J. – Toys “R” Us is launching a nationwide in-store and online awareness campaign encouraging its customers to support the athletes participating the Special Olympics. Starting Feb. 1, by texting "Cheer" to 80888, customers can make a $5 donation via their mobile device that will help Special Olympics athletes.

  • Young customers taken for ride at Meijer

    The opportunity to win a $100 gift card and appear in a television commercial is being used by Meijer to entice parents to upload photos of their kids to the retailer’s Facebook page.

    As part of a contest called “Star with Sandy,” Meijer is giving customers until February 6 to submit photos of their kids or themselves when they were young riding a mechanical horse named “Sandy” that can be found at each of Meijer’s 204 stores in five Midwestern states.

  • Best Buy Canada cuts 950 jobs

    Vancouver, Canada -- As part of a restructuring Best Buy Canada will be consolidating sales departments and reducing management layers in Future Shop and Best Buy stores, resulting in the layoff of about 950 full-time employees across both Future Shop and Best Buy brands. All store employees were notified individually about these changes and those impacted were provided with severance packages.

  • Sears Canada to cut 600 more jobs

    Toronto – Sears Canada, which laid off more than 1,300 employees on Jan. 15, is cutting an additional 624 jobs. In a press release, the retailer said it is modifying its store structure to improve efficiency and increase the effectiveness of the chain of communication between management and the store associate teams within the stores.

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