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DSW to grow Canadian footprint with Town Shoes acquisition
DSW and Town Shoes Limited have entered into a definitive agreement whereby DSW will purchase for cash approximately 44% interest in Town Shoes, the largest footwear and accessories retailer in Canada, for CAD $68 million — or approximately $62 million based on current exchange rates.
The transaction has been approved by each company's board of directors and is expected to close in May, subject to customary closing conditions.
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Understanding the Point-of-Sale Hacking Threat
By Jason Glassberg, co-founder of Casaba
Target’s massive data breach continues to reverberate in the headlines, but in reality it’s just one of countless attacks that affect the retail industry on a daily basis. Whether it’s highly sophisticated malware developed out of Russia, local hit-and-run point-of-sale thieves or insider threats, retailers must adapt to this increasingly risky environment.
