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Target CEO Departs in Wake of Data Breach

In Industry News, What's New by Accessories Staff

Minneapolis—The repercussions of the post Black Friday security breach that exposed 70 million customer records, card numbers, expirations and security codes continued. This morning Target Corp.’s board of directors announced that CEO Gregg Steinhafel, a 35-year- employee of the mass merchant, was out was chief executive. Saying Steinhafel’s departure comes …

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October Retail Comps Up; Sandy Effects Yet to be Felt

In Industry News, Reports, What's New by Accessories Staff

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 …

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Retailers to Obama, Romney: Pay Attention!

In Reports, What's New by Accessories Staff

Washington—With negative campaigning already in full swing—and expected to worsen as November approaches—the retail industry wants to make sure that President Barack Obama and Gov. Mitt Romney take some time away from prodding each other and consider the key role that retailers play in the economy. On behalf of the Retail Industry …