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“Target CFO back at Capitol Hill Today; Senate Report Unflattering” by Doina Chiacu at Reuters via Chicago Tribune. “Target Corp missed multiple opportunities to thwart the hackers responsible for the unprecedented holiday shopping season data breach, U.S. Senate staffers charged in a committee report released on Tuesday…”This analysis suggests that Target missed a number […]
“Walgreen’s: Q2 Front-End Same-Store Sales +2%; Traffic -1.4%” “Second quarter sales increased 5.1 percent from the prior-year quarter to a record $19.6 billion, while first half sales increased 5.5 percent to $37.9 billion. Front-end comparable store sales increased 2.0 percent in the second quarter, customer traffic in comparable stores decreased 1.4 percent and basket […]
“Target Breach: Coming to a Theatre Near You” by Jennifer Bjorhus at Star-Tribune. “Sony Pictures Entertainment Inc. confirmed Friday that it is working on a movie based on the security blogger who exposed Target Corp.’s monster data security breach. No production date has been set, a Sony spokeswoman said, but the cyberthriller will be […]
“Target Canada to open downtown anchor store in 2016” by Francine Kopun at Toronto Star. “Unlike urban City Target stores in the U.S., it will not be a smaller store with fewer items, but a large location providing discount department store shopping to the tens of thousands of waterfront residents whose closest option today […]
“Walmart Testing New Ad Match Program Called ‘Savings Catcher’ ” from ISI Retail Summit. How it works: Consumer buys products, enters receipt code online, Walmart looks at ad prices in the area, if there is a lower price Walmart gives a credit to consumer on a Walmart gift card. Currently being tested in seven […]
“Rumor Has It…Second Walmart to Go Store Being Prepped in Orlando, FL” by Kim Souza at City Wire. “The new Walmart to Go convenience store opened recently in Bentonville is not the retailer’s first experiment with the small-store format. Wal-Mart historians and former corporate officers told The City Wire that the first convenience store […]
“Walmart: Trade-In Your Videogame, Get a Pair of Socks” by Ian Sherr & Shelly Banjo at WSJ. “Wal-Mart itself ran a smaller trade-in program in 2009 where it allowed customers to sell used games through kiosks in certain stores, but the retailer failed to make it work. This time, Wal-Mart has teamed up with […]
“Wal-Mart opens first Walmart to Go convenience store” by Kim Souza at The City Wire. “It’s been more than a year of planning, but the Walmart to Go convenience-store format quietly opened in Bentonville on Saturday (March 15), with the grand opening set for March 19.” See eight pictures / Read more “Home […]