05 March 2014 RadioShack reportedly appears to be struggling to compete with the Big Box retailers, including Best Buy. The electronics-store chain announced March 4 that it plans to close up to 1,100 poorly performing stores, or about 20 percent of its stores, because of...
05 March 2014 Chicago’s First American Bank recently issued an advisory telling customers not to use their payment cards in local taxis. “We have become aware of a data breach that occurs when a card is used in Chicago taxis, including American United, Checker, Yellow, and...
06 March 2014 Billeo Inc. is partnering with Danal to launch a mobile-identity solution for Billeo’s XpressBuy checkout system. The new service is intended to make online transactions more user friendly by reducing the number of steps necessary to complete online without sacrificing consumer security....
07 March 2014 Staples reportedly plans to close 225 stores by 2015, or 10 percent of its global footprint, as online sales now account for about half of over all sales. Full-years sales figures were $23.1 billion in 2013, with $11.5 billion in online sales,...
Intense competition from online and mobile channels, pricing pressures and shrinking margins, high fixed costs, changing customer demographics, and eroding revenue opportunities. Sound familiar? It should. It’s exactly what drove the newspaper industry into a death spiral about 20 years ago, and it’s what’s playing...
Visa reportedly issued warnings twice in 2013 to retailers, including Target, that a point-of-sale (POS) malware attack was a serious threat. The revelation suggests that Target and others impacted by the data breach did not take adequate steps to protect themselves once the warning was...
On Black Friday, with Walmart’s guarantees, customers who stood in line for the entirety of a designated offer got the deal, Neil Ashe, the megaretailer’s president and CEO of global eCommerce, told CNN Money in a Jan. 7 report. If the item wasn’t in stock,...
U.S. retailers use of promotions and discounts reportedly helped drive a 2.7 percent increase in holiday season sales, overcoming a shorter holiday sales season and adverse climate conditions that left many consumers unable to get to stores. Retail sales between Thanksgiving and Christmas rose for...
Toys “R” Us is expanding its mobile reach with a new coupon redemption campaign launched via Apple Passbook. Mobile Commerce Daily reported on Jan. 7 that the toy retailer’s mobile ads are accessible through one of several mobile apps. Once activated, the coupon can be...
