Neiman Marcus’ digital security exec jumps ship
A luxury department store retailer has lost its first-ever cyber security chief.
Sarah Hendrickson has left her post as Neiman Marcus’ chief security information officer, reported D Margazine. She joined the company in November 2014, the first executive to hold the position. Neiman Marcus introduced the role following its high profile data breach in 2013.
Hendrickson left the company in June. She now serves as senior VP of compliance for S3, an information technology company, according to her LinkedIn profile.
A Neiman Marcus spokesperson said the company is working with a recruiter to fill the position. Sarah Miller, senior VP and CIO, will overseeing Hendrickson’s duties until a replacement is found, according to D Magazine.
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MoMA Design Store, Kyoto, Japan
The Museum of Modern Art (MoMA) Design Store continues to expand its footprint with the opening of a store in Kyoto, Japan.
The 1,076-sq.-ft. space offers an edited version of MoMA’s signature selection of tabletop, workspace and personal accessories, lighting and tech products, art reproductions and stationery. It also features items designed and produced in Japan.
The Kyoto location was launched in partnership with specialty retailer LoFt Co. Ltd., MoMA’s retail partner in Japan, and designed by British firm Lumsden, which recently designed stores for MoMA’s New York City locations.
Open window beds fill the store with light, and product displays can be viewed from inside and out. Slatted maple defines the ceiling and the entrance, a theme found in MoMA’s Manhattan flagship. Freestanding fixtures – formed of bead-blasted stainless steel with a sustainable white Durat top – are used throughout the space. Best-selling products are displayed on the space behind the cash desk.
Sales fizzle in June
The beginning of summer didn't give a boost to consumer spending as retail sales fell for the second straight month.
Retail sales unexpectedly slipped 0.1% in June after being unchanged in May. Sales were up 3.2% unadjusted from June 2016, according to the National Retail Federation, and 3.9% on a three-month moving average year-over-year. (The numbers exclude automobiles, gasoline stations and restaurants.)
“Deflating pricing in retail continues to aggravate measurements of spending in June," said NRF chief economist Jack Kleinhenz. "Consumers continue to make purchases, but total sales reflects depressed prices on the volume of goods purchased. Given the strength of consumer sentiment and other indicators – housing prices, net worth and use of credit – it’s puzzling to see consumer spending move at a slower pace.
Sales in June were driven by online and other non-store sales. Building materials and furniture also reported gains, perhaps reflecting a stronger housing market.
• Online and other non-store sales increased 0.4% seasonally adjusted over May and increased 9.9% unadjusted year-over-year.
• Sales at clothing and accessories stores decreased 0.1% seasonally adjusted from May and increased 1% unadjusted year-over-year.
• Sales at general merchandise stores increased 0.4% seasonally adjusted over May and increased 2.3% year-over-year.
• Electronics and appliances stores’ sales increased 1% seasonally adjusted over May and increased 1.6% unadjusted year-over-year.
• Furniture and home furnishings stores’ sales increased 1% seasonally adjusted from May and increased 3.5% unadjusted year-over-year.
• Sales at building materials and supplies stores sales increased 5% from May and increased 5.1% unadjusted year-over-year.
• Sporting goods stores’ sales decreased 0.6% seasonally adjusted from May and decreased 7.7% unadjusted year-over-year.
• Sales at health and personal care stores increased 0.3% over May and increased 0.9% unadjusted year-over-year.