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Mass Merchant

  • Staples latest to confirm data breach

    Time and again in 2014 the vulnerability of retailers’ information systems became apparent with Staples the latest major chain forced to admit an inability to protect customers’ personal information.

    Now Staples has released more information about its data breach in September.

  • Amazon makes customers an offer they can refuse

    Amazon.com is rolling out a new haggling feature on its website as the company looks to further cement its low-price reputation among consumers.

    The new “Make an Offer” feature allows sellers to accept or reject bids on more than 150,000 items across the categories of Sports and Entertainment Collectibles, Collectible Coins and Fine Art.

  • Dollar General remains engaged with FTC

    Goodlettsville, Tenn. – Dollar General Corp. stated on Dec. 19 that it remains actively engaged in discussions with the Federal Trade Commission (FTC) regarding the extent of potential divestitures that would be required in connection with an acquisition of Family Dollar Stores Inc. Dollar General does not expect to provide any further update prior to the Family Dollar shareholders meeting currently scheduled for Dec. 23, 2014.   

  • Amazon teams up with Ibotta on rebates

    Amazon.com is getting deeper into the cash rewards game by partnering with a rebate shopping app.

    For the first time ever, Ibotta will make it possible for anyone shopping on Amazon.com to earn cash rebates.

  • Consumers can sue Target over breach

    New York - A federal judge has ruled that customers suing Target for last year’s data breach may move forward with their claims.   U.S. District Judge Paul Magnuson in St. Paul, Minn., dismissed claims by plaintiffs in certain states but largely denied Target's request to toss out the proposed class action lawsuit. Magnuson rejected Target's argument that the consumers lacked standing to sue because they could not establish any injury.  

  • Walmex bank division sells for $247 million

    Mexico City, Mexico - Grupo Financiero Inbursa, a banking firm owned by Mexican billionaire Carlos Slim, has reportedly bought the bank division of Wal-Mart de Mexico (Walmex) for $246.94 million, or 1.7 times Walmex’s bank capital.

     

    According to Reuters, Walmex has been focusing on selling its non-core assets, such as its restaurant division, in the past year.

  • Marketing exec at RadioShack is out

    The person behind the retro marketing campaign at RadioShack is out.

    Jennifer Warren, chief marketing officer at RadioShack, is the latest top executive to leave the troubled electronics retailer as it tries to stave off bankruptcy. The company recently replaced its CFO for the third time this year as it reshuffled restructuring advisers.

    Warren joined RadioShack in April 2013 and was one of CEO Joe Magnacca’s first hires when he was putting together his turnaround team.

  • Celebration Pointe secures $46 million in financing for bridge construction and public infrastructure improvements

    Gainesville, Florida - Celebration Pointe, a 125-acre mixed-used development in the heart of Gainesville, has secured a $12 million State Infrastructure Bank (SIB) loan and $34 million in Community Development District (CDD) bonds. Celebration Pointe partner Ralph Conti made the announcement.  
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