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Wet Seal chairperson to step down; chain lowers Q2 forecast
Foothill Ranch, Calif. -- Wet Seal Chairperson Lynda Davey is resigning from her post, effective Oct. 1. The announcement of her resignation comes on the heels of the departure of the troubled teen retailer’s CEO. Davey will be replaced by Adam Rothstein.
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Possible data breach at Home Depot
The Home Depot is the latest major retailer to investigate what looks like a data breach.
The Atlanta-based retailer is looking into the matter and also working with law enforcement and bank investigators.
"Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers,” the retailer said in a statement.