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Target Corp's decision to speed up a US$100mil (RM332.25mil) programme to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers.
Canadian retailers, scrambling to keep pace with the likes of Wal-Mart Stores Inc and Amazon.com Inc in an increasingly crowded market, are investing heavily in high-tech tools to lure shoppers.
Many large US retailers slashed their earnings forecasts on Thursday because of steep discounts they offered during the holidays to persuade reluctant consumers.
“How about some new headphones? They’re on sale”: If you walk past a store using geofencing, a message like that could pop up on your phone – the latest way retailers are trying to win customers.
Retailers are trying new ways to win over Christmas procrastinators.
A TEST on 20 randomly picked gold jewellery retailers conducted by The Consumers Association of Singapore (Case) found that while their gold pieces passed the fineness requirement test, most of them are engaging in unfair retail practices.
BOSTON/WASHINGTON: Target Corp and Neiman Marcus are not the only U.S. retailers whose networks were breached over the holiday shopping season late last year, according to sources familiar with attacks on other merchants that have yet to be publicly disclosed.
PETALING JAYA: Retailers need to identify which transactions are subject to the Goods and Services Tax, in lieu of the tax being set at zero per cent beginning June 1.