[Source: AP Top Business News At 10 a.m. EDT
]SAN MIGUEL, Philippines (AP) — It’s Thursday, so 18-year-old Dennis Tiangco is off to a bank to collect his weekly allowance, zapped by his mother – who’s working in Hong Kong – to his electronic wallet: his cell phone….
[Source: NRF SmartBrief
]Casual Male Retail Group is launching a new Web site dubbed ShoesXL that will sell shoes for big and tall men. -More-
[Source: Daily apparel & textile news and comment - from just-style.com
]In an attempt to reverse a recent slump in profits, The Timberland Company is planning to shut around 40 of its larger retail stores and said it expects a wider shortfall in full year revenues amid soft market conditions and a product recall.
[Source: Retailnet.com: Retail Industry News
]Hackers stole millions of credit-card numbers from discount retailer TJX Cos., by intercepting wireless transfers of customer information from two Miami-area Marshalls stores, according to an eight-month investigation by the Canadian government..The investigation, led by Canadian Privacy Commis
[Source: Daily apparel & textile news and comment - from just-style.com
]Shoe retailer Bakers Footwear Group Inc is to close some stores and reduce its buying staff in a bid to generate annual cost savings of around $8m.
[Source: The Retail Bulletin
]More than four out of five (84 per cent) retail companies have suffered from corporate fraud in the past three years, according to a survey published today by risk consulting company, Kroll
Adidas Group has confirmed it is to become the ‘Official Sportswear Partner’ of the London 2012 Olympics, with the $201m deal the biggest single investment that the German sportswear group has ever put into a UK sporting event.
[Source: NRF SmartBrief
]Holiday gift-card sales will jump 25% to a record $35 billion in 2007, a study released by Archstone Consulting predicts. -More-
[Source: Daily apparel & textile news and comment - from just-style.com
]Genesco Inc has demanded that The Finish Line completes its $1.5bn acquisition of the clothing and hat firm after accusing its bankers of trying to get out of the deal.
[Source: The Retail Bulletin
]A survey conducted by secure transaction specialist, The Logic Group, revealed that only 11% of respondents are fully PCI DSS compliant. The survey included responses from leading UK retailers, financial services institutions and other businesses that accept card payments.
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