News

DSW Hit by Data Thieves

BY CSA STAFF

Columbus, Ohio, DSW Shoe Warehouse suffered a data security breach that led to the release of an unknown amount of customer credit-card information. The division of Retail Ventures said that it is reviewing its technology systems while working with computer security experts to “mitigate the situation.”

The cyber attack focused on a company database with information from 103 of the chain’s 175 stores.

“Our first concern is to make our customers aware of the issue and ask that they maintain a watchful eye for any unauthorized use of their credit cards,” said Julie Davis, general counsel of Retail Ventures.

DSW’s breach was one of several recent security lapses in corporate America. Bank of America Corp., NexisLexis and ChoicePoint also reported infringements of customer information.

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FINANCE

Investors Bid $5 Billion for Toys ‘R’ Us

BY CSA STAFF

Paramus, N.J., Aprivate-investment group led by Cerberus Capital Management LP has offered to buy Toys “R” Us Inc. for about $5 billion, according to today’s Wall Street Journal. Reportedly, the bid was placed last month, but garnered a cool response from Toys “R” Us.

In addition to Cerberus, the investment group includes Goldman Sachs Group Inc. and Kimco Realty Corp. Other suitors for the toy retailer reportedly include Kohlberg Kravis Roberts & Co.; a partnership between Apollo Advisors LP and Permira Advisors Ltd.; and an alliance between Bain Capital LLC and Vornado Realty Trust.

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MARKETING/SOCIAL MEDIA

Staples to Sell Office Supplies in Ahold Stores

BY CSA STAFF

Framingham, Mass., Staples and Ahold USA forged an alliance under which the office-products retailer will sell its goods in Staples-branded aisles at Ahold supermarkets.

Staples will make its debut at Ahold’s 550 Stop & Shop and Giant-Landover supermarkets in July, in time for the back-to-school selling season. The aisles will stock between 500 and 1,200 school and office supplies, a good chunk of the 7,500 items Staples stores typically carry.

The arrangement mirrors a deal under which Albertsons sells some toys in its stores through a collaboration with Toys “R” Us. Albertsons also has a similar arrangement in some markets with Staples rival Office Depot.

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