News

Coty CEO Michele Scannavini has stepped down from his role at the company for personal reasons and resigned from Coty's board.

Coty's chairman, Bart Becht, will become interim CEO, working with Coty's executive committee to ensure a smooth transition and oversee major decisions at the company. The company plans to immediately begin its search for Scannavini's permanent successor. Becht will remain as chairman of the company once a permanent successor has been appointed.

Chicago – Retail is the top industry targeted for data breaches. According to the 2014 Global Security Report from cybersecurity provider Trustwave, retail made up 35% of attacks Trustwave investigated in 2013.

Food and beverage ranked second at 18% and hospitality ranked third at 11%. In addition, POS breaches accounted for 33% of Trustwave’s 2013 investigations, while e-commerce made up 54% of assets targeted and data centers comprised 10% of assets targeted. The median number of days from initial intrusion to detection was 87 days.

E-commerce technology company Qubit has announced a $26m Series B investment led by Accel Partners, with participation from original investor Balderton Capital and Salesforce Ventures, Salesforce.com's corporate investment group.

Qubit's personalization platform collects detailed information about users' interactions with a website and analyses it to identify patterns of behavior that drive revenue and inspire business-wide optimization decisions.

Newport Beach, Calif. – Investment real estate services firm Lucescu Realty has sold three retail shopping centers in Utah for $225.6 million. The properties included The Family Center at Fort Union in Midvale, Utah; The Family Center at Taylorsville in Taylorsville, Utah; and The Family Center at Orem in Orem, Utah.  

The H&M Conscious Foundation, an independent nonprofit global foundation initiated by H&M to drive long-lasting positive change for people and communities, has partnered with WaterAid to bring safe water and toilets to a quarter million students in some of the world's poorest countries by 2017.

Fashion model and H&M Conscious Foundation ambassador Alek Wek was joined on stage at the Global Citizen Festival by H&M Conscious Foundation global manager Helena Thybell to present the foundation's flagship program with WaterAid.

New York -- Standard General LP is in talks to improve RadioShack’s cash position in advance of the holiday season, Reuters reported. The hedge fund said it was in talks with the struggling retailer to buy the company's loans and other commitments under its asset-backed credit facility.

Standard General has also raised its stake in RadioShack to 9.8% from 7.08%. It is now the retailer’s largest shareholder.

For the U.S. as a whole, temperatures will trend similar to last year and below normal, but there will be a split in trends across the nation with warmer temperatures in the West and cooler temperatures in the more densely populated East. The month will begin with warm weather across much of the nation and that will continue into the Columbus Day weekend in the East before turning cooler. The Northwest region will trend wetter than last year, but it still remains drier than normal, while the Southwest will be wetter than last year and normal.

Amazon’s new “Wish List” deal with Twitter continues the evolution of Twitter from a channel for passive promotion to a channel for interactive customer engagement. By allowing consumers to directly add items they see in tweets to their Amazon Wish Lists without leaving Twitter, the arrangement both turns Twitter into an active platform for peer-to-peer, unpaid marketing and also helps keep Twitter users on Twitter for longer periods of time by extending its functionality.