OPERATIONS

Victoria Secret President Joins Liz Claiborne

BY CSA STAFF

New York City, Liz Claiborne Inc. named Jill Granoff group president of its direct-to-consumer division. She will oversee specialty retail outlet and on-line stores in the United States, which accounted for 25% of its 2005 revenue. Most recently, Granoff served as president and COO of Victoria’s Secret Beauty, a division of Limited Brands.

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ECOMMERCE

Tower Records Unveils Digital Download Store

BY CSA STAFF

Sacramento, Tower Records has unveiled its newest on-line project, Tower Records Digital, a music-download store at Tower.com/digital, in an effort to maintain the retailer’s digital media strategy. Individual music downloads are $0.99 each and full albums begin at $9.99 each. The digital music store also complements Tower Record’s traditional retail stores, e-commerce, podcasting and TouchView in-store kiosk presence.

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FINANCE

Small Businesses Take Action to Protect Customers’ Financial Data

BY CSA STAFF

New Castle, N.H., Data-security concerns are penetrating small businesses with more than 64% taking action within the last 12 months to better protect customer financial information, according to a new survey from Visa USA and the U.S. Chamber of Commerce. Although many businesses are taking action, about 63% say they rarely, if at all, worry about securing customer data.

To help small businesses understand how to protect their customers’ sensitive card data and reduce fraud, Visa USA and the U.S. Chamber of Commerce begin a nationwide town hall tour Monday in Portsmouth, N.H. The 12-city tour titled, “Securing Our Businesses, Protecting Our Customers,” marks the second year that Visa and the U.S. Chamber of Commerce have teamed with local Chambers of Commerce to educate small businesses about new fraud threats and how to protect themselves.

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