Foot Locker, Manhattan
Foot Locker has totally transformed its flagship in Manhattan’s Herald Square, with in-store shops, state-of-the-art digital imagery, sleek materials and a new layout.
The 10,000-sq.-ft. store is easy to shop, thanks to a layout that merchandises most products by brand as opposed to category. Top brands have their own designated spaces, and there are also five in-store shops: House of Hoops (Foot Locker’s basketball shop); The Foundation only at Foot Locker (adidas); Puma Lab; and Six:02 (Foot Locker’s new women’s format). Each shop has its own unique look and feel.
Shakeup at American Apparel: CEO to step down
The saga continues at American Apparel.
Paula Schneider plans to step down as CEO of the apparel retailer on Oct. 3, according to yahoo.com, which cited a report by Women’s Wear Daily. Schneider will be replaced by the company’s general counsel and chief administrative officer, Chelsea Grayson.
It was also revealed that Paul Charron, former CEO and chairman of Liz Claiborne Inc., stepped down as board chairman of American Apparel in August. Charron was appointed to the board in March.
American Apparel is known to be exploring a possible sale of all or parts of the business
Schneider, a seasoned retail veteran, joined American Apparel in late 2014. She helped steer the chain through bankruptcy and initiated the first stages of a comprehensive turnaround plan. She also fought all attempts by founder and deposed CEO Dov Charney to return and take over the company.
In her resignation letter to the board, which was also obtained by WWD, Schneider said “the [turnaround] plan has been laid out and much of the heavy lifting and the hard work has been done.”
She went on to say “the sale process currently underway for all or part of the company may not enable us to pursue the course of action necessary for the plan to succeed nor allow the brand to stay true to its ideals. Therefore, after much deliberation, and with a heavy heart, I’ve come to the conclusion it is time for me to resign as CEO.”
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Yahoo confirms massive data breach rumors
After keeping mum about a potential far-reaching data breach, Yahoo has finally come clean.
The search engine company confirmed today that account information for approximately 500 million users was stolen from the company’s network in late 2014.
The hacker, which the company described as a “state-sponsored actor,” pilfered sensitive information, including poorly encrypted passwords, names, email addresses, telephone numbers, dates of birth, even encrypted or unencrypted security questions and answers. Conversely, the cyber-criminal did not steal “unprotected passwords, payment card data, or bank account information,” according to a statement from Yahoo. “Payment card data and bank account information are not stored in the affected system.”
Yahoo is currently notifying potentially affected users, and has taken steps to secure their accounts, including resetting passwords, and invalidating unencrypted security questions and answers. Yahoo has also alerted users to change their passwords, and monitor their accounts for suspicious activity.
The first sign of trouble surfaced over the summer, when infamous cybercriminal “Peace” advertised the sale of user credentials for approximately 200 million Yahoo users, according to an article on Recode. This heisted data reportedly compromised user names, some passwords and personal information, such as birth dates and email addresses.
At the time, Yahoo said it was “aware of the claim,” but declined to confirm if the attack was legitimate, Recode added.