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Former Target Chief Information Officer Lands at SPS by Kavita Kumar at Star-Tribune. “(Beth) Jacob was the chief information officer who stepped down at Target in the aftermath of cyberthieves’ data breach at the retailer. In her new role, she will help SPS Commerce with its strategy as it expands its services around the globe. […]
REI climbs to new heights with record sales by Angel Gonzalez at Seattle Times. “We’ve gone back to who we were,” (CFO Eric) Artz said in an interview. REI’s outdoorsy gospel also spread more quickly than ever before, with 945,000 new members joining the co-op. That brings the number of active members (those who’ve […]
Home Depot CEO Craig Menear Appears on CNBC by Krystina Gustafson at CNBC. “Tough winter weather and issues at West Coast ports pressured the home improvement retailer’s business in recent months, Menear said. He believes Home Depot will sustain its momentum through low oil prices and a looming Federal Reserve interest rate hike. “We’re […]
Target agrees to $10M fund to settle lawsuit over consumer data breach by Tad Vezner at Twin Cities/Pioneer Press. “The tentative settlement, which was filed in U.S. District Court of Minnesota, would allow each plaintiff to receive up to $10,000 from the fund.” Read more As Sears stumbles, suppliers grow uneasy by Krystina […]
Macy’s, Rite Aid part of first U.S. multi-brand loyalty program by Phil Wahba at Fortune. “The program, called Plenti, will be operated by American Express…One study has found that the average American is a member of 29 loyalty programs but only uses eight actively.” Read more Target claims $1.6B tax benefit from Canadian […]
Canadian regulators suspend Costco’s fish importing license by Angel Gonzalez at Seattle Times. “Craig Wilson, Costco’s vice president for quality and food safety, said in an interview that it incurred the regulator’s wrath after its Canadian operations failed to file paperwork for two containers of tuna in olive oil that the company imported from […]
Wal-Mart Shakes Up Grocery Management in Bid to Improve Food by Renee Dudley at Bloomberg. “Jack Sinclair, who has been executive vice president of the U.S. grocery division since 2007, will retire on March 20, according to a note that the Bentonville, Arkansas-based company sent to U.S. employees. Senior Vice President Tony Airoso, who […]
Lumber Liquidators to pay for safety testing of flooring by Michael Felberbaum at San Jose Mercury News. “Lumber Liquidators said the indoor air quality test kits that customers will receive are the same quality used by federal officials to test workplace exposure. So far, less than 1,000 customers have requested the testing kit. If tests […]