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Best Buy hit with security breach
New York City -- For the second month in a row, Best Buy had to tell customers that their email addresses were compromised.
The chain said that a former business partner’s files containing email addresses of some Best Buy customers were accessed without authorization. Best Buy said it would take legal action but it did not name the vendor involved.
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Easter boosts sales in April, but caution is noted
New York City -- Retailers reported strong April sales that were boosted by the late Easter holiday, which fell on April 24, three weeks later than last year. Same-store sales rose 8.9% at the 25 retailers tracked by Thomson Reuters, compared with expectations for an 8.2% increase. But the good news was tempered as retailers acknowledged that shoppers are under increasing pressure from rising gas prices and other cost increases.
