News

55% of retailers not prepared for EMV migration

With just nine months until the deadline, more than half of all retailers are still not prepared for EMV migration, according to a new survey by ACI Worldwide. ACI polled attendees at NRF's Big Show earlier this month and discovered that roughly one-quarter are not ready for chip-and-PIN technology, despite the October deadline.

90% of data breaches were preventable

Nearly 90 percent of data breaches could have been easily prevented. That's the results of a new report from the Online Trust Alliance (OTA). Its 2015 Data Protection Best Practices and Risk Assessment Guide analyzed more than a thousand breaches involving the loss of personally identifiable information in 2014, and found that only 40 percent were the result of external intrusions.

Overstock to create original streaming content

Retail has always evolved, from the days of the general store to catalog operators, mass merchants and category killers. Now it seems that entertainment provider and original content creator is also part of the merchandise assortment as more retailers try to emulate Amazon and it's Prime Instant Video service.

Online retailer Overstock plans to join Amazon as a provider of streaming services with the launch of a tiered subscription service of its own.

53% of retailers to implement a unified commerce platform

More than half—53 percent—of retail business and technology executives plan to implement a unified commerce platform in the next few years, up from 50 percent in 2014. Looking ahead a decade, 86 percent of retailers plan to have a unified commerce platform.

This will be the year of Apple Pay

Apple has reported record sales and revenue, shattering former records. And with a record number of new handsets flooding the market, Apple CEO Tim Cook has declared 2015 the year of Apple Pay.

Tommy Hilfiger launches digital showroom

Fashion brand icon Tommy Hilfiger has launched a digital sales showroom at its global headquarters in Amsterdam. The digital showroom exemplifies a seamless buying approach by fusing together information, sales tools and brand content on one touchscreen.

Sears expands IoT Connected Solutions shops to 500 more stores

Sears Holdings has begun rolling out Connected Solutions shops to 200 Sears and 300 Kmart stores nationally as the Internet of Things (IoT) gains ground with consumers. A larger home demonstration and display is also in the works for a single store in San Bruno, California.

Court declines to review swipe fee ruling

The U.S. Supreme Court has turned down a petition to review an appellate court ruling on whether the Federal Reserve set a 2011 cap on debit card swipe fees higher than the level sought by Congress in legislation passed the year before.

How Amazon is using analytics to beat Walmart on price

Price optimization is the next frontier on the retail battle lines, with Walmart and Amazon waging a fierce battle to best each other on price. It's a fight that Amazon is winning thanks to its pricing strategy, according to the Price Perception Index (PPI) for digital retail.

Retail security issues move from CIO to the C-suite

NEW YORK—In a far corner of the Jacob K. Javits Convention Center, a smattering of attendees turned out for NRF's sole conference session on cyber security. A cyber crime occurs every 18 seconds, but few companies are developing proactive plans to deal with a security event before it happens.

Amazon pulls plug on Wallet

Amazon is discontinuing its fledgling mobile wallet program. The retailer began informing users via email today that it would shut down Wallet, which was still considered in beta.

Timberland uses data mining to boost sales

With revenue flat in a rapidly evolving retail environment, Timberland needed to jumpstart sales of its still-popular and trendy footwear and apparel. To accomplish this, it turned to data.

BJ's adopts real estate analytics to improve location strategy

BJ's Wholesale Club announced the adoption of Esri's location analytics solutions to aid in its real estate research strategy.

CES: IoT holds promise but presents challenges

LAS VEGAS—The Internet of Things (IoT) was the topic at the International CES, as companies continue to connect homes, consumers and objects to the cloud. IoT holds great promise for retailers and product manufucturers, many of which were in Las Vegas.

Obama administration pushes for short 30-day reporting window for data breaches

President Barack Obama has proposed new legislation that requires companies to notify consumers of a possible data breach within 30 days of its detection. The Personal Data Notification and Protection Act proposes, among other things, that companies must notify customers when their personal information has been exposed, including establishing a 30-day notification requirement from the discovery of a breach, while providing companies with the certainty of a single, national standard.  

Weis deploys data mining solution for asset protection

Weis Markets is taking an atypical approach to predictive analytics by deploying a cloud-based solution from Profitect initially for asset protection, with later use of its data-mining capabilities for other departments such as marketing.

43% prefer online, yet 29% actually made last purchase digitally

While consumers are more enthusiastic in 2015 about online shipping and digital interactions with retailers, their behavior still lags behind. According to a new IBM study, consumer expectations are not being met, and retailers will need to close the gap in order to create trust and loyalty.

EBay exec debates data automation at NRF

A panel of executives at the NRF Big Show agreed that data automation cannot replace the human touch.