News

Today, nearly half of the world’s payment cards are EMV-enabled, meaning that the cards are embedded with special computer chips that help reduce counterfeit card fraud. The cards also protect retailers and consumers against losses caused by this fraud. The prevalence of EMV cards will only continue to increase with the upcoming liability shift in the U.S. in October, when merchants that are not EMV-compliant will be held liable for financial losses incurred from counterfeit card fraud.

BJ's Wholesale Club is forming a new partnership with Toshiba as the retailer accelerates its efforts to drive member loyalty and sales.

BJ’s Wholesale Club Inc. says it has selected Toshiba TCxCare to manage and be the single point of contact for “wall to wall” maintenance services at its 200 stores.

Los Angeles - Although summer vacations have just begun for many schoolchildren, parents already have back-to-school shopping on their minds.

According to the new Consumer Pulse survey of parents with kids in grades K-12 and college from Rubicon Project, 56% of respondents said they plan to spend more money per child than they did last year to prepare the students for the upcoming school year.

Kohl’s is launching an innovative program to attract shoppers to its back to school sales.

The retailer plans to feature children’s books from author Laura Numeroff now through September at Kohl’s stores nationwide and on Kohls.com. Each item is priced at just $5, with 100% of the net profit supporting children’s health and education initiatives nationwide. 

Kenosha, Wis. – Some things are traditionally assumed not to mix – oil and water, cats and dogs, finance and IT. While the CFO has been taking a more active role in high-level IT decision-making in recent years, vertical apparel retailer Jockey International Inc. mixes money with technology more than most of its competitors.

The Wall Street Journal reports that privately held Jockey recently hired Dain Bussewitz, former VP of finance at Abercrombie & Fitch, to assume the combined role of CIO and CFO.

Apple's newest store in New York City is located in one of its most diverse burroughs and store employees will be fluent in a dozen languages.

According to the New York Daily News, Apple is opening the store on July 11 in the Queens Center mall located in the Elmhurst neighborhood of Queens.

"We are really excited to bring our eighth store in NYC to Queens," Jason Barlia, market director at Apple Retail, told the Daily News. "When we saw this location it made a lot of sense."

Framingham, Mass. – There are a lot of things parents look for when doing back-to-school shopping, but as Randy Newman once sang, it’s money that matters.

A new online survey of parents of children ages 8-18, commissioned by Staples and conducted by Harris Poll, finds that price is the top consideration for 86% of these parents when buying school supplies.   

Highlights of Staples 2015’ Back-to-School Parents Survey include:

The Container Store may have cleared the low bar it set for itself in the first quarter, but reporting a loss and another quarter of negative same store sales can’t feel good.