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Russian chain Rive Gauche selects IBM for security makeover

BY CSA STAFF

Armonk, N.Y. IBM announced that Rive Gauche, a chain of perfume and cosmetics stores in Russia, has implemented security solutions from IBM to better protect its IT infrastructure and help prevent customers’ financial data from being compromised.

Rive Gauche is a rapidly growing company with thousands of workstations and servers throughout its 140 stores in Russia. By rolling out IBM’s security solutions to its St. Petersburg headquarters and branches, Rive Gauche is transforming its IT infrastructure into one that is secure by design, enabling the retail chain to stay ahead of an increasingly sophisticated and diverse threat environment, according to IBM.

“As we’ve expanded our network of retail stores, a key concern for Rive Gauche has been to safeguard our customers’ personally identifiable information data and protect the IT systems in our headquarters, local offices, stores and warehouses from all manner of threats,” said Alexey Smolin, head of Information Security Department, Rive Gauche. “With IBM, we found a proactive approach that helps us not only remediate based on specific attacks, but gives us a clear view into suspicious activity well before it becomes a problem.”

IBM’s integrated security solution allows Rive Gauche to detect threats, block unidentified, illegal activities across the company’s gateways, networks, servers and desktops, and provides a transparent view of policy violations in a single, comprehensive control system. IBM software helps set security policies that can escalate important events by generating urgent emails or can de-emphasize less important events. With such safeguards in effect, Rive Gauche aims to prevent security breaches, rather than having to respond after they occur.

“Rive Gauche is tapping IBM Security Solutions for more than just viruses and attacks — it’s building a system that is secure by design,” said Steve Robinson, general manager of IBM Security Solutions. “At its core, Rive Gauche is setting a proactive security policy with IBM solutions to better safeguard its clients and corporate information.”

Since implementing the IBM system, Rive Gauche cites an improvement in identifying and resolving security incident investigations. The IBM solution has a built-in auditing tool that shows computer file access and system registry operations. Rive Gauche receives alerts if a system was compromised or if there is attempted access by unauthorized agents.

Rive Gauche is using IBM Security Server Protection, IBM Security Desktop Protection and IBM Security SiteProtector.

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Deloitte Consumer Spending Index down 4.45%

BY CSA STAFF

NEW YORK The Deloitte Consumer Spending Index fell to 4.45%, from an upwardly revised gain of 4.63% a month ago. According to the company, the Index experienced its third straight month of decline in July, due in large part to weakness in the housing market.

“American households continue to be cautious about spending while economic growth continues to be uneven,” said Alison Paul, vice chairman and Deloitte’s retail leader in the United States.  “At the same time, consumers economized over the past two years and likely have pent up demand for goods they have foregone.  Retailers should consider strategies to stay nimble amid shifts in consumer behavior in the months ahead.  Customer data and business analytics may be particularly valuable for retailers to hone pricing, merchandise and promotions that attract their target consumers.”

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Limited Brands posts earnings gains

BY CSA STAFF

COLUMBUS, Ohio Limited Brands reported that adjusted earnings per share for the second quarter ended July 31, were 36 cents compared with 19 cents for the quarter ended Aug. 1, 2009, which exclude certain significant items in both years as detailed below.

The company reported a comparable store sales increase of 7% for the second quarter ended July 31, compared with the second quarter ended Aug. 1, 2009.  The company reported net sales of $2.243 billion for the second quarter, compared with sales of $2.067 billion last year. 

 

The company stated that it expects 2010 third quarter earnings per share to be 3 cents to 8 cents compared with adjusted earnings per share of 2 cents per share last year.  The company now expects August comparable-store sales to increase in the mid to high single digit range versus its previous guidance for a low single digit increase. 

 

For 2010, the company increased its adjusted earnings per share forecast to $1.68 to $1.83 from $1.60 to $1.80 previously.

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