News

Walmart Labs Adchemy acquisition adds improved product search capabilities

Walmart's latest acquisition adds new product search technology to the company's technology bench with the purchase of Adchemy, as the retailer continues to build out e-commerce capabilities.  

 

Steinhafel's departure leaves Target looking for redemption

Heads continue to roll at Target in the wake of its massive data breach. Steinhafel's sudden departure helps reinforce the growing importance of IT security and systems in the upper reaches of the executive offices.

Microsoft working to fix Explorer bug, but XP users are out of luck

As Microsoft rushes to fix the Internet Explorer bug, nearly 25 percent of PCs are still running XP and will remain vulnerable.

Yelp adds bitcoin identifier

Social site and directory Yelp now lists whether or not a business accepts bitcoin. The site added bitcoin to its list of attributes that includes pertinent information such as whether or not a location accepts credit cards, serves dinner, has Wi-Fi or serves alcohol.

IT is losing control over tech spending

New research reveals that 37 percent of technology budgets are now controlled outside of IT departments, as tech spending becomes a larger priority for organizations across departments.

Roughly 79 Percent of C-level executives think they can make better and faster decisions without the involvement of their IT teams, according to a new survey by Avanade. The report shows technology budgets and decision-making migrating away from IT departments, while IT takes on new roles in the enterprise.

With these shifting budgets and loss of control, the global study of 1,003 business and IT leaders shows what Avanade calls the new "services broker" model for IT taking hold. In this model, IT staff consult with departments across the business to better understand their technology needs and objectives, and source internal or external IT services or partners to meet these demands.

Data breaches add up to lost sales

There's new evidence to suggest that the series of data breaches at national retailers are having an effect on the bottom line as roughly 33 percent of shoppers will take their business elsewhere if their favored retailer is breached.

Square launches click-and-collect

Now Square merchants can offer a buy online (or mobile) and pick up in store feature, as the payment platform has officially launched Pickup, a click-and-collect option.

Target names DeRodes CIO, adds MasterCard chip-and-PIN

Target took one step closer to rebuilding its IT team with the addition of Bob DeRodes as EVP and CIO, effective May 5. DeRodes will assume oversight of the Target technology team and operations, with responsibility for the ongoing data security enhancement efforts as well as the development of Target's long-term IT and digital roadmap.

Is Square for sale?

Mobile payments startup Square is rumored to be in aquisition talks with several large tech companies, including Google and eBay's PayPal. And while a company spokesman denied the rumors, the company, which allows small businesses to accept credit card payments on mobile devices, has been burning through cash.

Apple is getting serious about mobile payments

Apple has hinted for years that it would enter the mobile payments field, but now the computer company appears to be getting serious.

CVS to create a new IT team

CVS/Caremark appears to be creating a new IT team, one that will bridge the digital divide between marketing and IT as the retailer looks to strengthen its digital presence.

PayPal expands partner program in POS push

Paypal is expanding its partner program and is actively looking for partners in the mobile payments space and plans to roll out a new initiative this summer.

Michaels confirms 3 million affected in data breach, as more shoppers victims of fraud

Michaels Stores confirmed that as many as 3 million cards were affected in a recent security breach, or approximately 7 percent of all credit and debit cards used in its namesake stores and approximately 400,000 cards used at the chain's 54 Aaron Brothers locations.

Target takes on Amazon with expanded subscription service

Target is expanding its subscription service for frequently purchased items, increasing the number of products available from 200 to more than 1,500.

Target quietly launched the program in fall 2013 with a focus on baby, making diapers, formula, wipes and training pants available for automatic replenishment. Thanks to the its early success, the retailer is now expanding the service ahead of schedule.

Available items now include cleaning supplies, household goods, health and beauty aids and pet products. There will also be a small selection of home office items such as printer ink and select groceries including coffee pods.

And while the initial test was indeed quiet—Target did no advertising or marketing—the chain will now actively promote subscriptions with online banner ads and discounts, according to Target spokesman Eddie Baeb.

The rise of the CSO

The large number of high-profile data breaches is forcing retail organizations to rethink everything from security to monitoring to the types of positions inside a company. There has been much discussion about retailers' need for a chief security officer, and more to the point, why many haven't had someone in this role.

Aerosoles pledges to smash inventory silos by 2015

Footwear brand and retailer Aerosoles has been operating as an omnichannel retailer for nearly a decade, but streamling inventory is still a work in progress. And now, Aerosoles has pledged to create a single streamlined inventory program by housing all inventory functions in a single group by 2015.

Retailers rush to plug Heartbleed leaks

The revelation last week of the Heartbleed bug has had retailers scrambling to both find vulnerabilities and reassure customers, but the threat is far from over.