Executives from companies such as Target and eBay were quick to say that the brick-and-mortar was anything but dead to the room full of digital retailers at yesterday morning's Shop.org Summit.
After the massive data breaches that have plagued retailers from Target to Home Depot in recent years, a new study shows that retail is the most compromised industry in terms of data security.
In another positive sign for the 2014 holiday season, Macy's (NYSE: M) said it plans to hire around 86,000 seasonal positions, an increase of 3.6 percent from the number of employees it hired in 2013.
Target is giving a sneak peak of upcoming holiday partnerships, unveiling an exclusive collection of wool textiles from Faribault Woolen Mills.
Canadian Targets have dropped prices in an attempt to entice customers from rival Walmart. Target's products now cost 3.9 percent less than Walmart's in a basket of identical consumer goods, according to a pricing study from Kantar Retail.
The Home Depot announced that the data breach of its U.S. and Canadian stores affected 56 million debit and credit cards.
Target is planning to focus its bullseye on a handful of departments as part of a strategic move to bring shoppers back into the stores and to stay competitive online.
Apple introduced new iPhones, a watch and, notably, the long-awaited mobile wallet that will tie together hardware, software and retail in an entirely new way.
Target's data breach is among the largest to date and has impacted the retailer far beyond the event's scope and moment in time.
Backoff malware has affected more than 1,000 U.S. businesses, infecting POS systems from Target to Supervalu. The United States Secret Service and Department of Homeland Security has issued a warning that the Backoff POS malware may have infected more systems than previously believed.