REAL ESTATE

Report: Cabela’s plans 20 new Canadian stores

BY Dan Berthiaume

Sidney, Neb. – Cabela’s Inc. reportedly plans to open 20 new Canadian stores by 2016. According to the Financial Post, the retailer, which currently operates five stores in Canada, will open its sixth in Barrie, Ontario, on July 10.

Other planned locations for new Canadian stores include Nanaimo, British Columbia in fall 2014 and Moncton, New Brunswick in 2015. Cabela’s is planning slow growth in Canada, focusing on locations with favorable co-tenants and localizing product assortments at the store level.

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Survey: Retailers confident in breach detection

BY Dan Berthiaume

Portland, Ore. – U.S. retail firms are confident in their ability to detect data breaches. According to a recent survey of 154 retailers by security solutions provider Tripwire, when asked how quickly their organizations would detect a breach, 42% of respondents said it would take 48 hours, 18% said it would take 72 hours, and 11% said it would take a week.

Thirty-five percent of respondents were “very confident,” while 47% were “somewhat confident” that their security controls could detect rogue applications such as those used to exfiltrate data during data breaches.

Other key findings include:

• 70% of respondents said that the recent Target breach has affected the level of attention executives give to security in their organizations.

• Online-only retailers were less concerned with the Target breach; only 57% said it has increased the level of executive attention.

• 26% of respondents don’t evaluate the security of business partners, such as HVAC contractors who were implicated in the Target breach.

“I always say that trust is not a control, and hope is not a strategy,” said Dwayne Melancon, CTO for Tripwire. “Unfortunately, this data suggests that a lot of retailers are far too hopeful about their own cyber security capabilities. Despite ample historical evidence that most breaches go undiscovered for months, there is clearly a significant disconnect between perception and reality, even though the repercussions for failing to meet the required level of rigor around cyber security has led to the recent removal of retail executives and board members.”

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Shopko Foundation names scholarship winners

BY CSA STAFF

The Shopko Foundation has announced the recipients of its Shopko Teammate and Family Scholarships for the 2014-2015 school year. The foundation awarded $75,000 in scholarships to 30 students in 9 states.

Since 2005, the Shopko Foundation has awarded scholarships totaling $450,000 through its Teammate and Family Scholarship Program, which annually awards post-secondary scholarships to Shopko employees and their dependent children. The $2,500 scholarships are awarded through a competitive process based on the student’s academic record, leadership, community activities, honors and goals. Recipients were determined by an independent selection committee made up of educators and administrators from Wisconsin colleges and universities.

"The Shopko Foundation is committed to promoting healthy lifestyles and educational opportunities for our neighbors in all the communities where we serve," said Peter McMahon, Shopko CEO. "We understand that, more than ever, education is the pathway to opportunity. It is our privilege to recognize these outstanding students and support them as they build the foundation for fulfilled and productive lives."

The following students were awarded the Shopko Foundation Teammate and Family Scholarships:

Shopko is owned by an affiliate of Sun Capital Partners, a leading private investment firm focused on leverage buyouts, equity, debt and other investments in market-leading companies.

Founded in 1962 and headquartered in Green Bay, Wisconsin, Shopko operates 321 stores in 21 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions. Retail formats include 133 Shopko stores, 5 Shopko Express Rx stores, 6 Shopko Pharmacy locations, and 177 Shopko Hometown stores.

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