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Mass Merchant

  • Data breach is hot topic at SPECS 2014

    New York -- Bryan Sartin, director of Verizon’s RISK Team, will discuss the link between security breaches and automated building management systems at Chain Store Age’s 50th annual SPECS Conference, March 9-12, 2014
Gaylord Texan Hotel Grapevine, Texas.

    Sartin heads the Research, Investigations, Solutions, Knowledge (RISK) Team at Verizon Enterprise Solutions. The Team has 106 full-time investigation staff who come from law enforcement, military, military intelligence, and specialty engineering.

  • Target data breach may affect future profits

    Target continues to cope with the fallout of a data breach, which, as expected, hurt the company’s fourth-quarter results.

    The company incurred $61 million in expenses related to the breach during the quarter, but was able to bring the total impact to $17 million after applying a $44 million insurance payment.

    But the retailer added that it is not only unable to estimate future expenses related to the data breach but also warned that those costs may adversely affect operations results in the first quarter and full-year 2014 and future periods.

  • Retailers in expansion mode include mix of old and new players

    New York -- Retailers making headlines with store expansion plans include new players as well as global powerhouses. Just in the starting gate is Fresh Thyme Farmers Market, a new specialty grocery format featuring value-priced healthy and organic offerings. The company plans to open over 60 stores throughout the Midwest during the next five years.

  • Bed, Bath & Beyond makes executive appointments

    New York -- Bed Bath & Beyond has appointed Eugene A. Castagna, previously CFO and treasurer, to the role of COO. Susan E. Lattmann, formerly VP of finance, will fill the CFO and treasurer spot.
     
    Castagna has been with the company since  1994 and has served as CFO and Treasurer since 2006. Previously, he served as assistant treasurer from 2002 to 2006 and as VP of finance from 2000 to 2006.

  • KickesUSA to CooperTowne Center in Somerdale, N.J.

    Purchase, N.Y. — KicksUSA, a regional retailer offering athletic footwear and family apparel, has opened a 4,600-sq.-ft. store at CooperTowne Center in Somerdale, N.J., according to National Realty & Development Corp., the owner of the center.

    Wal-Mart Supercenter, Cinemark Theatres and LA Fitness anchor CooperTowne Center.

  • Target Q4 profit plummets 46% as data breach takes toll

    Minneapolis – Target Corp. saw dramatic year-over-year declines in its net earnings for the fourth quarter and fiscal year 2013, as the negative impact of its massive data breach and damages from its Canadian operations took effect. The chain warned that continuing costs related to the breach may affect its profits in the first quarter of fiscal 2014.

  • Stein Mart to open 10 new stores

    Jacksonville, Fla. -- Stein Mart plans to open 10 new stores this year as part of the company's largest store expansion since 2007.

    The expansions begin with new locations in the Miami, Washington, D.C., and Las Vegas areas set to open this spring. This year's new store openings will bring the company's total nationwide store count to more than 270.

    The announcement of this expansion follows the company's fiscal 2013 same-store sales growth of 3.7%.

  • Office Depot focuses on global growth following Q4

    Since Office Depot completed its merger transaction with OfficeMax Nov. 5, 2013, the company has been aggressively executing its integration plan. The company’s fourth quarter results for the period ended Dec. 28, 2013 include OfficeMax’s operations, which generated $939 million of sales.

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