Consumers are suffering from "breach fatigue", since many retailers have been the target of card and data breaches in the last year. While the massive Target breach has been the most publicized, Home Depot, Kmart, SuperValu and a host of other retailers have also been targeted.
It's been one year since Target's data breach disrupted the retailer's holiday season and two current court cases could determine whether the retailer should pay both consumers and credit card companies for the losses incurred. The Minnesota District Court on Dec. 2 found Target negligent, paving the way for lawsuits as banks and financial institutions potentially seek compensation.
It's been one year since Target's data breach disrupted the retailer's holiday season, and now a Minnesota District Court has found Target negligent, paving the way for lawsuits as banks and financial institutions potentially seek compensation.
It's been a year since Target's data breach and retailers are still vulnerable even as the busiest shopping season kicks into high gear, warns security experts largely due to a lack of focus on asset management.
Target has been building its mobile presence and today announced a partnership with Google to create an interactive, in-store experience. The Bullseye's Playground mobile game consists of six interactive games including sledding, ice fishing and snowball fights.
Early expectations were for mobile apps to help fuel both online and in-store sales and, so far, returns from retailers serve to support these predictions.
Walmart and Target reported strong sales on Thanksgiving Day as Black Friday got its earliest start with doors opening before many shoppers had finished holiday dinners, while online and mobile helped fuel gains.
There is perhaps no subject more important to retailers this season than security. Just one year after a data breach at Target compromised 40 million payment cards and the personal information of 70 million shoppers, the event is still fresh in shoppers'—and retailers'—minds.
Are retailers staring down a future with a blackout of Black Friday? Some analysts and retailers are starting to seriously ponder this question. While the historically huge shopping day isn't what it used to be, it isn't obsolete either. Quite the opposite: Black Friday will soon be known as an entire week of retailers putting forth their best promotions as online and mobile shopping gain in popularity.
Target beat analyst estimates by growing income 3.2 percent and revenue 2.8 percent. The more than 3 percent profit growth shows that the company is rebounding under new CEO Brian Cornell and is almost back to revenue levels seen before last holiday's data breach.