REAL ESTATE

Saks Off 5th to open in Chandler, Ariz.

BY Katherine Boccaccio

New York — Saks Fifth Avenue Off 5th will open its doors in Chandler, Ariz., on Thursday, April 4, 2013.

The new 28,000-sq.-ft. store is located in Phoenix Premium Outlets, which is opening to the public that day. The new outlet center, owned and operated by Simon Property Group, is part of Wild Horse Pass, within the Gila River Indian Community, which includes hotels, a spa, casino, golf, an equestrian center, fine dining and more.

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S.Gacho says:
Mar-30-2013 01:30 am

Expansion will be best to
Expansion will be best to those places which you think your business will grow. You cannot just expand without careful planning. - Rich Von

S.Gacho says:
Mar-30-2013 01:30 am

Expansion will be best to those places which you think your business will grow. You cannot just expand without careful planning. - Rich Von

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OPERATIONS

Sears Hometown names former RadioShack chief to board

BY Katherine Boccaccio

Hoffman Estates, Ill. — Sears Hometown and Outlet Stores said Thursday it has elected James F. Gooch to its board of directors and as chair of the audit committee.

Gooch had served as president and CEO, as well as CFO, of RadioShack Corp.

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S.Gacho says:
Mar-30-2013 01:31 am

Being a director needs a lot
Being a director needs a lot of experience. He or she be able to start and know what is the work from the latest position up to the top. - Steven Wyer

S.Gacho says:
Mar-30-2013 01:31 am

Being a director needs a lot of experience. He or she be able to start and know what is the work from the latest position up to the top. - Steven Wyer

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News

Study: 45% of retailers have no online fraud prevention

BY Marianne Wilson

San Jose, Calif. — Forty percent of retailers have no online fraud prevention in place, despite the fact that 85% consider online fraud prevention a high priority, according to a survey by ThreatMetrix, a provider of integrated cybercrime prevention solutions.

The study, “The ThreatMetrix 2012 State of Cybercrime Study,” was conducted by Info-Tech Research Group and surveyed U.S. business managers and IT executives within retail and financial services organizations on the level of cybersecurity solutions they have in place.

The most common IT security attacks retailers experienced in the last year are malware, Trojan and phishing attacks. Of the retailers surveyed46% experienced at least one malware attack in the past year, and 45% experienced at least one Trojan attack.

Despite these attacks, retailers barely spend any time researching IT security threats to stay ahead of cybercriminals. Nearly half (47%) of retail organizations surveyed spend less than five hours researching security threats each month, while 14% spend no time on preventative research.

“Retailers need to improve online fraud and cybercrime prevention practices or risk losing customers and revenue,” said Andreas Baumhof, chief technology officer, ThreatMetrix. “When consumers are hacked on e-commerce sites, they often avoid those merchants in the future. By implementing integrated cybercrime prevention solutions, e-retailers can provide a more secure experience for customers.”

In an effort to provide the safest transactions for consumers, retailers need to:

  • Screen transactions using previous transaction data to make better decisions about account takeover attacks. By tracking devices and accounts that have a history of fraudulent activity, retailers can block those devices from transactions.
  • Track transactions that are originating from a different country or IP address than where the account was created.
  • Screen for customer identification verification at both account login and prior to transaction completion.
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S.Gacho says:
Mar-30-2013 01:32 am

Online fraud can never be
Online fraud can never be good in the business world. It is just the same as stealing others knowledge and rights just to lead your business to success. - Steven Wyer

S.Gacho says:
Mar-30-2013 01:32 am

Online fraud can never be good in the business world. It is just the same as stealing others knowledge and rights just to lead your business to success. - Steven Wyer

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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