| Feb 26, 2014
| 5:11 PM
The massive theft of Target Corp. customer data contributed to a huge drop in fourth-quarter profit as the retailer scrambled to win back the trust of consumers and shore up its hobbled payments system.
The Minneapolis-based chain reported that profit...
| May 22, 2014
| 6:32 AM
Sears Holdings Corp. posted a steep first-quarter loss Thursday as revenue continued its seven-year slide amid continued store closures.
The Hoffman Estates-based retailer reported a $402 million loss in the first quarter, or $3.79 per diluted share, a...
| Apr 2, 2014
| 2:27 PM
Sounding alarm over an especially sinister new wave of cybercriminals, regulators are warning bankers that hackers have succeeded in changing the controls on automated teller machines to enable thieves to make nearly unlimited withdrawals using fraudulent...
| Feb 26, 2014
| 7:33 AM
The holiday season was never going to be easy for Target Corp. as it tried to lift foot traffic and keep up with competitors’ discounts.
But it was the vast data breach at the Minneapolis retailer in the heat of Christmas shopping season that...
| Mar 17, 2014
| 8:27 AM
Sally Beauty Holdings Inc., the Texas-based hair and beauty products retailer, said Monday that a recent data breach affected fewer than 25,000 payment cards.
The company disclosed the breach earlier this month, but an investigation by a data...
| Apr 29, 2014
| 8:15 AM
Target Corp. is hoping its newly hired chief information officer Bob DeRodes and its plan to switch its in-house payment cards to a more secure chip-and-PIN system from MasterCard Inc. will help it avoid another massive data breach.
| Mar 17, 2014
| 2:15 PM
Twenty-eight attorneys general from 24 states, three U.S. territories and Washington, D.C. are pressuring five retailers, including Walgreen Co. and Wal-Mart Stores Inc., to follow the move by CVS Caremark Corp. and end sales of tobacco.
| Mar 21, 2014
| 11:31 AM
A Federal Reserve rule allowing banks to charge retailers 21 cents to process debit-card transactions has been upheld by a federal appeals panel, a blow to big merchants such as Wal-Mart Stores Inc. and Target Corp.
A lower court judge invalidated the...
| May 6, 2014
| 9:14 AM
Kanye West and Kim Kardashian (both in Lanvin) were among the well-heeled and the genteel that turned out for the Metropolitan Museum of Art's Costume Institute Gala benefit for the fashion exhibition "Charles James: Beyond Fashion," on Monday in New...
| May 7, 2014
| 8:24 PM
A man arrested by Texas police over his alleged involvement in the devastating data breach at retail chain Target Corp last year was in fact picked up in a "street-level arrest" unrelated to a broader federal investigation into the matter, a law...
| May 8, 2014
| 4:00 AM
Retail sales in the Chicago area rose 4.8 percent in 2013 to $110.8 billion, topping pre-recession totals, according to a report released this week by Melaniphy & Associates Inc., a Chicago-based retail and real estate consultancy.
Not since 2007, when...
| May 14, 2014
| 2:31 PM
Chcicago-based Sears Holdings Corp said on Wednesday it was looking at selling its 51 percent stake in Sears Canada Inc, a move that could trigger a deal for the entire Canadian operation, though a quick and easy sale was seen as unlikely. Sears Holdings,...