View Post

Target Faces Legal Ramifications in Wake of Security Breach

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Minneapolis—”This is the worst possible time something like this could happen,” said retail consultant Craig Johnson, president of Customer Growth Partners about the trouble at Target. Since reporting Thursday that its credit/debt card systems had been hacked and some 40 million customers had their accounts accessed as a result, Target …

View Post

Post Holiday Blues: Target + Neiman Marcus Holiday Collection a Flop?

In Industry News, Marketing, What's New by Accessories StaffLeave a Comment

Minneapolis—“We think it’s going to be successful across the board,” Gregg Steinhafel, chief executive at Target told retail analysts in December about the special holiday gift collection, a collaboration with Neiman Marcus and some 50 fashion designers. “”It’s just a matter of how you want to gauge success, is it …

View Post

Good Tidings: December Comp Sales Better Than Expected

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …

View Post

October Retail Comps Up; Sandy Effects Yet to be Felt

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …