Sam’s Club opens in Oxford, Alabama, July 24
Bentonville, Ark. – Sam’s Club will open a new store in Oxford, Alabama, on July 24. The store will bring 170 jobs to the community
A number of health and wellness services will also be available, including a pharmacy, optical center and hearing aid center.
Card.com adds IDology identity verification to mobile debit cards
Atlanta – Card.com, a provider of mobile prepaid debit cards, is partnering with IDology, a vendor of technology solutions that verify an individual’s identity and deter fraud anywhere in the payments value chain. Card.com has integrated IDology’s real-time, on demand identity verification and fraud prevention solution into their Customer Identification Program (CIP) process in order to improve their customer approval cycle, streamlining customer onboarding while also preventing fraud.
The IDology platform provides visibility into potentially fraudulent identity discrepancies and helps to spot fraud trends.
Crocs restructures following disappointing Q2
Footwear maker Crocs is undergoing a major restructuring that includes closing stores and job cutbacks.
The plan comes on the heels of the company’s disappointing second-quarter earnings results. Earlier this month, Crocs reported that second-quarter profit fell 44% to $19.7 million.
"We have identified the key strategic and structural improvements that we expect will allow the company to achieve its potential," Andrew Rees, Crocs’ president, said in a statement. "We have a clear, well-defined strategy for addressing these issues and improving performance. Work is underway already to drive significant change throughout our company in four key areas."
Crocs said it plans to streamline its global product and marketing portfolio, reduce direct investment in smaller geographic markets, create a more efficient organizational structure and close or convert (to third-party operators) 75 to 100 Crocs-branded retail stores. Crocs has 624 stores worldwide.