OPERATIONS / SUPPLY CHAIN

Study: Data breaches use decades-old techniques, cost millions
New York – Cyberattacks are becoming increasingly sophisticated, but that many criminals still rely decades-old techniques such as phishing and hacking. According to the 2015 Verizon Data Breach Investigations Report, the bulk of the cyberattacks (70%) use a combination of these techniques and involve a secondary victim, adding complexity to a breach.
Staples recycles 450 million ink and toner cartridges
Framingham, Mass. – Staples Inc. has collected 450 million ink and toner cartridges for recycling in the U.S. since 2005, averaging more than 60 million cartridges per year for the past four years. Through the cartridge recycling program, Staples has helped recover and recycle 234 million pounds of plastics and metals, diverting roughly the weight of 8,000 full garbage trucks from landfills.

Joly to chair Best Buy board

Minneapolis – Best Buy president and CEO Hubert Joly now has something in common with Frank Sinatra — you can call him “Chairman of the Board.” Joly will succeed current chairman Hatim Tyabji, who is retiring from the board effective June 9, 2015, as board chairman.

Russell P. Fradin, president and CEO of SunGard and a Best Buy Board member since April 2013, will serve as lead independent director. Tyajbi, CEO of mobile data/video company Bytemobile Inc., has served on the Best Buy board since 2008 and as chairman since 2012.
EBay names three new executives, including Home Depot veteran

San Jose, Calif. - EBay Inc. has appointed three new executives who will fill key positions on CEO-designee Devin Wenig’s leadership team. The company makes these appointments as it prepares for the separation of eBay and PayPal into independent, publicly traded companies in the second half of 2015.
Target names former Safeway, PetSmart exec to revamp grocery

Minneapolis -- Target Corp. has named grocery and consumer packaged goods veteran Anne Dament to the role of senior VP, merchandising. In the role, she will be responsible for leading the strategic repositioning of Target’s food business.

The retailer had previously announced its intent to reposition its approach to food over the next 12 to 18 months, with an emphasis on making better-for-you options simple and attainable, providing meal solutions and offering unique selections for everyday occasions as well as entertaining.
Children’s Place rejects board nominees

Secaucus, N.J. - The Children's Place Inc. has rejected three board of directors nominees from shareholders Barington Capital Group L.P. and Macellum Advisors GP LLC. The two investment firms, which collectively own less than 2% of the company’s shares, sent a letter expressing concern about The Children’s Place financial performance and recommending new nominees in March 2015.
Stuart Weitzman names president, global retail

New York -- Stuart Weitzman Holdings announced that Alyssa Mishcon has joined as president, global retail. Mishcon will oversee all aspects of the global retail business including customer experience and relationship management, strategic operations development, merchandising and international retail growth.

Mishcon brings more than 15 years of experience in luxury brands, working most recently as president of Thomas Pink Inc., LVMH Fashion Group and then previously VP strategy, merchandising & retail at TAG Heuer, LVHM Watch & Jewelry Division.
Sprint RadioShack launches in 1,435 stores

Overland Park, Kan. -- A new chapter in the ongoing saga of RadioShack started on Friday with Sprint launching retail operations in 1,435 RadioShack stores.
Petco taps former GNC, Abercrombie exec as CFO; also names digital head

San Diego -- Petco announced it has named Michael M. Nuzzo as executive VP and CFO. Before joining Petco, Nuzzo served as chief administrative officer of the baby gear brand, 4moms. Previously, he served as CFO and executive VP at GNC Holdings, and in various leadership roles at Abercrombie & Fitch.
Imports rising as West Coast ports recover

Washington, D.C. -- Import cargo volume at the nation’s major retail container ports is expected to rise 8% this month over the same time last year as West Coast ports continue to recover from a backlog of cargo that built up before a tentative new labor agreement was signed, according to the monthly Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates.