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  • Study: Data thieves follow common patterns

    A look at cybercrime, data breach and security threat trends from 2015 demonstrates that criminals are indeed creatures of habit.

    According to the Trustwave 2016 Global Security Report, which analyzes results of Trustwave security investigations during 2015, retail was the most targeted industry for data breaches. Twenty-three percent of Trustwave data breach investigations involved retailers. North America was the most popular geographic location for cyberattacks, with 35% of all Trustwave investigations occurring on the continent.

  • Study: Retailers admit omnichannel shortcomings

    The retail executives responsible for delivering omnichannel customer experience admit there is much work to be done to come in line with consumer expectations and demands.

    Business technology and services provider Periscope, a McKinsey solution, conducted a survey of attendees at World Retail Congress 2016 held in Dubai in April 2016. According to the results, only 21% say they are more confident than a year ago on delivering omnichannel experiences. Another 45% say progress is not happening fast enough.

  • Amazon to open new Dallas fulfillment center

    They say everything is bigger in Texas, and that also applies to Amazon.com’s distribution network.

    The digital retailing giant plans to open a sixth Texas fulfillment center in Haslet, making it the fourth Amazon fulfillment center in the Dallas-Fort Worth metroplex. Amazon currently employs more than 8,000 full-time hourly associates at its Texas fulfillment centers and plans to create 1,000 more full-time positions in the new Haslet facility when it opens.

  • Wal-Mart shaking up, shrinking its board

    Wal-Mart Stores on Thursday announced changes to its board of director of directors that it said were designed to make to make it more nimble and able to respond quicker to today’s fast-changing market.

    As part of the changes, four current board members — Aida Alvarez, Roger Corbett, Mike Duke and Jim Walton — will retire and not stand for re-election. In addition, the retailer is shrinking its board by three members to 12, a move that brings it more in line with the size of most U.S. corporation boards.

  • Stephen Curry helps propel Under Armour to billion dollar quarter

    Under Armour continued its winning ways in the first quarter, beating sales and earnings forecast as net revenue rose 30%. The brand has had 24 consecutive quarters — six years — of sales growth of more than 20%.

    Sales rose to $1.05 billion for the quarter that ended March 31, up from $805 million in the first three months of last year. The company noted that footwear sales soared more than 60% to $264 million amid the popularity of NBA superstar Stephen Curry’s signature basketball shoe line and expanded running offerings.

  • Report: Potential buyers fishing for Cabela’s

    A well-known outdoor retailer and private equity firm may be interested in purchasing hunting and fishing chain Cabela’s.

    According to Reuters, Bass Pro Shops Inc. and the private equity division of Goldman Sachs Group Inc. are preparing to make a buyout offer. Cabela’s said in December it was exploring strategic alternatives that could include a sale.

    Click here for more.

  • Study: Consumers prefer different channels for browsing, purchasing

    Digital retailing is growing in popularity, but the brick-and-mortar channel remains dominant for at least one crucial consumer activity.

    According to research firm Toluna, an equal percentage of consumers browse before purchasing online or via mobile (76%) as browse in-store (also 76%). However, when it comes time to make a purchase, 82% will do so in-store while only 65% purchase items online or via mobile.

  • Nordstrom vet to join The Finish Line

    The Finish Line said that John Hall will join the company in mid-May as executive VP, divisional president and chief merchandising officer.

    Hall, a 30-year Nordstrom executive, most recently served as VP, corporate merchandiser of Rack Menswear.

    At Finish Line, Hall’s focus will span across consumer engagement touchpoints including stores and digital operations, merchandising and strategies involving the company’s product vision. He will drive the retailer’s brand growth strategies.

  • Tractor Supply digs up profitable Q1

    Brentwood, Tennessee-based rural lifestyle chain Tractor Supply Company saw net income, net sales and same-store sales all rise in the first quarter of fiscal 2016, compared to the prior-year period.

    Net income increased 17% to $67.7 million from $58 million, despite a 10% increase in selling, general and administrative (SG&A) expenses to $386.2 million from $351.8 million. Higher gross profit and pretax income helped boost net income.

  • Startups Spotlight: Technologies On the Rise

    From hyperlocal social media intelligence to mobile survey creation, this month’s crop of startups is filling niche spaces that can have a big impact on a retailer’s business. Learn about an augmented reality platform that’s elevating the online experience, a social referral startup that makes it easy to spread rewarding word-of-mouth recommendations and an analytics company that helps retailers and CPG companies get the most out of their online and transaction-level customer data.

    SurveyMe

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