News

Report: Restaurant chain is latest data breach victim
Sonic has been targeted in a cyber-attack. The restaurant chain, which is known for drive-up ordering kiosks and roller skating waitresses, has confirmed it has suffered a data security breach. Specifically, the incident has jeopardized the security of credit cards from up to 5 million customers, according to KrebsOnSecurity, which first broke the news.
Unlikely partners collaborate on exclusive clothing line
What happens when a fast-fashion giant crosses a leading fast-food company? For two companies, it spurred a new fashion collection. Forever 21 and Taco Bell are teaming up to launch an apparel line called The Forever 21 x Taco Bell collection. The line features tops, bodysuits and cropped hoodies for women; a sweatshirt, hoodie and anorak jacket for men, and graphic tees, a pullover and hoodie for girls. All merchandise features each brand’s iconic graphics highlighted by a mix of vibrant prints and colors.

Congress Needs To Catch Up To Modern Retailing

Much of the retail world has closely watched recent events unfold in South Dakota over online sales taxes and nexus issues. South Dakota is leading the opposition against an arcane legal precedent that limits which retailers can be compelled by states to remit sales taxes for purchases consumers make online.
Study: Online retailers at risk of losing $2.1 billion this holiday season

More unauthorized product ads are hijacking the consumer experience — an issue that will cost retailers precious revenue this holiday season. As unauthorized product ads are injected into consumer browsers — and appear on retailer sites — consumers are distracted from the retailer’s offerings. This disruption – known as online journey hijacking – cuts directly into retailers’ revenue, an issue that could cost companies $2.1 billion this holiday season.
Amazon doubles down on Echo—and then some

Amazon's Echo is in expansion mode just in time for the holiday rush. The online giant on Wednesday announced five new Echo products, along with several other new gadgets. And none of the items cost more than$150, TechCrunch reported. The new items include Echo Plus, which will do double duty by also serving as a hub for smart home devices.
Pier I loss widens in Q2

Pier 1 Imports Inc. reported a wider-than-expected loss in its second quarter and forecast a smaller per-share profit for the year that analysts had expected. Pier 1 lost $7.8 million, or 10 cents a share, compared with a loss of $4 million, or 5 cents a share, in the year-ago quarter. Adjusted for one-time items, the company reported a loss of 5 cents a share in the quarter.
Baton Rouge center recruits bloggers in re-brand

“Our belief is that retail and mixed-use places need to evolve or risk irrelevance,” said Trademark Property Co. CEO Terry Montesi, who’s putting that belief to the test at a mixed-use center in Baton Rouge, Louisiana.
CVS Pharmacy in big Times Square debut

CVS Pharmacy has brought its new store format to the "crossroads of the world."
Study: Even younger shoppers like stores

More than three-quarters of consumers are shopping at bricks-and-mortar stores just as much as or more than they did a year ago. That's according to Consumer View, a new quarterly report from the National Retail Federation. NRF is working with Toluna Analytics to produce the report, which is designed to gauge consumer behavior and shopping trends related to stores, online channels, customer loyalty, technology and other issues.
Macy’s revamps loyalty program

Macy's is overhauling its loyalty program, putting a new focus on its best customers. The department store retailer is revamping its Star Rewards program with a tiered rewards system that gives its very best shoppers (those who spend $1,200 or more annually) such perks as free shipping, additional savings and earned points on every purchase.