Authorities break up multistate crime ring that targeted Home Depot
New York — State and federal authorities in New Jersey broke up a multistate theft ring that stole merchandise from Home Depot Inc. stores by not ringing up all items at self-checkout counters, the Associated Press reported.
The thieves were active in about 70 Home Depot stores, mostly in New Jersey, and also in New York, Pennsylvania, Delaware, Maryland and Virginia.
According to the report, the thieves stole merchandise almost daily from multiple Home Depot stores, resulting in over $100,000 in losses. They distracted the employees that monitored the self-checkout aisles as they rang up small items but not expensive merchandise.
WSJ Report: CVS CIO departs
Woonsocket, R.I. — A report on Friday by the Wall Street Journal said that CVS Caremark CIO Stuart McGuigan has left the drugstore retailer, and will be holding the same position at Johnson & Johnson.
According to the report, originally published in CIO Journal, McGuigan will begin work later this month at J&J.
McGuigan joined CVS Caremark in 2008, and oversaw the post-merger IT integration of CVS and Caremark following their deal, which was completed in early 2007.
RadioShack selects lead advertising agency
Fort Worth, Texas — RadioShack Corp. said Thursday it has selected Grey New York as its lead advertising agency of record, concluding a review process that first launched last November.
"We’re thrilled for the opportunity to collaborate with this team as we continue transforming our brand, with a sharp focus on building consumer awareness of our wireless offering and driving traffic into our stores," said Jim Gooch, president and CEO of RadioShack Corp.
Grey New York will support creative strategy and execution for RadioShack’s entire marketing ecosystem: in stores, television, online, social media, mobile media, digital media, printed circulars, outdoor and other categories, including focus on Hispanic applications across all of these channels.
The transition to Grey is expected to be complete in June 2012. The retailer’s advertising spend was about $209 million in the last fiscal year.