News

Target makes history with data breach settlement
Target Corp. has resolved its 2013 data breach with a deal that represents the largest multi-state data breach settlement in history. The retailer agreed to pay a total of $18.5 million to settle the case. The money will go to 47 states and the District of Columbia, with California receiving the largest share of the settlement, more than $1.4 million.
Walmart making big investment in Florida
Walmart is expanding—and updating—its footprint in the Sunshine State. The retailer will open nine new stores across Florida in its current fiscal year, creating more than 800 jobs, and also execute a multi-million-dollar capital investment plan by remodeling more than 40 locations across the state. Walmart currently operates 375 stores in Florida.

Walmart in new pay policy for military workers

Walmart is stepping up its commitment to its workers who serve in the military by covering the difference when an employee's military salary is less than what the person makes working at the store.
Athletic footwear brand steps up retailing experience

Shoe Palace is moving into the cloud to enhance its omnichannel operations. A preferred Nike retailer, Shoe Palace is known for its high-end athletic footwear and apparel, and top-notch customer service. The family-run business opened its first store in San Jose, California in 1993. Today, the company operates 118 stores nationwide, and an e-commerce site.
Albertsons adds Macy's, Levi's execs to digital team

Albertsons Companies has added two key hires to help it expand its digital capabilities.
Study: Loyalty program experiences falling short

Despite increasing loyalty program membership enrollments, retailers continue to miss opportunities to satisfy shoppers. Brands continue to invest more in loyalty programs, and enrollment has grown by 31% over the last four years. However, retailers are overlooking opportunities that will drive business results, according to “The Loyalty Report 2017.”
DSW turns in mixed performance

Footwear retailer DSW Inc. fell short on earnings in its first quarter, even as it topped sales estimates. Net income fell to $23 million, or 28 cents per share, below analyst expectations, from $30.0 million, or 36 cents a share, in the year-ago period. The company incurred pre-tax charges of $4.1 million, related to its acquisition of Ebuys, restructuring costs and foreign exchange loss assumed in the process of pre-funding the upcoming Town Shoes acquisition.
NRF: Border tax would result in consumer price increases of 15% or more

The proposed border adjustment tax would have a negative financial impact on retailers and consumers, as well. Retailers would “have no choice” but to pass the higher costs on to consumers if Congress passes a proposed $1 trillion border adjustment tax as part of tax reform, the National Retail Federation warned on Tuesday.
Target CEO: Border adjustment tax would hurt my customers

A current retail CEO and a former one found themselves at odds on Tuesday at a Capitol Hill hearing on the proposed border adjustment tax. “Under the new border adjustment tax, American families – your constituents – would pay more so many multinational corporations can pay even less,” said Target CEO Brian Cornell. “Eighty-five percent of Americans shop at Target every year. We believe this new tax would hit those families hard, raising prices on everyday essentials by up to 20%.”
Off-price giant to debut new store banner this summer

TJX Cos. is importing one of its Canadian/European brands to the United States.