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Report: Fraud attacks spike over past four quarters
Cyber-criminals have been wreaking so much havoc among retailers that there has been a 137% jump in fraud attacks over the past four quarters, an issue affecting $7 out of every $100 of retail sales, according to the latest PYMNTS.com Global Fraud Attack Index. -
Footwear retailer beats Street in Q2; identifies cost savings
DSW Inc. on Tuesday posted better-than-expected results for its second quarter and reaffirmed its full-year outlook. The company also said it expects to see $25 million of annualized savings in 2017 as a result of a restructuring program it launched earlier this year, with about $7 million of the total to be realized this year. The retailer said the savings would result “from organization realignment and improvements in procurement and other business processes.”