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It's no sale for most of RadioShack's customer data. The bankrupt retailer will not sell the information and destroy it instead. No credit or debit card numbers, social security numbers, birth dates or phone numbers will be transferred in accordance with a deal struck with a group of 38 state attorneys general.
Walgreens Boots Alliance has transformed its regional customer data into tailored assortments so as more accurately meet the needs of local shoppers. The retailer dramatically increased efficiencies by replacing labor intensive customization tasks and significantly reducing resource needs.
It's like spring training for retailers. The warm-weather selling season is here so it's time to get in shape for the fourth quarter. Target, Walmart and now Amazon are letting customers and the trade know that they mean business. This year it involves investments in online technologies and fulfillment.
A recent study suggests that 75 percent of independent retailers are worried about being victims of a security breach, while 44 percent of U.S. retailers will not be ready for the EMV liability switch deadline in October—and 5 percent of companies have already experienced a security breach.
Verizon said this week it will acquire AOL, which has evolved from an internet service provider to a digital conglomerate, for $4.4. billion. The purchase is seen as strengthening the telecommunications company's efforts to expand in mobile platforms and digital advertising.