Washington—Following some scathing comments of the U.S. Trade Represenative, Alibaba has brought in a former counterfeit-battling executive from Apple to battle its problem of fake goods. Matthew Bassiur , who was vice president Deputy Chief Security Officer at Pfizer, now will become Vice President, Head of Global Intellectual Property Enforcement at Alibaba in January. Its a […]

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Washington–Retail fraud comes in many shapes and sizes and is especially rampant during the holiday season when online and in-store traffic grows significantly. One of the biggest issues throughout the holiday season: return fraud. According to NRF’s latest Return Fraud Survey, retailers estimate that 3.5% of their holiday returns this year will be fraudulent, up […]

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Los Angeles—Fast growing, fast fashion retailer Forever 21 continues its expansion of its F21 RED division with three new stores: 490 Fulton Street in Brooklyn, New York, 3535 Sports Arena Blvd. in San Diego, California, and 8505 Mills Drive in Kendall, Florida. The new stores will deliver a deeper inventory of on-trend staples for women, […]

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The retail industry has been abuzz already with Star Wars merchandise, even before Star Wars: The Force Awakens hit theaters today. Fans are already excited to watch and shop, and as reported by Bloomberg Business, the latest film is likely to bring in a whooping $9.6 billion in revenue for Disney, the current owner of […]

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The National Retail Federation today welcomed final passage by Congress of a wide-ranging spending and tax-relief package. As outlined below, the NRF cites provisions that would “delay onerous portions of Obamacare, make it easier for businesses to share cyber threats and renew tax law that helps retailers create jobs while laying the groundwork for comprehensive […]

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A CEO walks into a department store wearing a disguise… No, it’s not a setup for a joke, but a very real scenario on the CBS TV show Undercover Boss, where CEOs disguise themselves and go into the trenches at their own companies to see what really goes on. The newest CEO profile is Sam […]

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Customers who love their Jimmy Choos can now buy in bulk, so to speak. The luxury footwear and accessory brand has unveiled its 20th Anniversary collection–an upscale trunk with 20 pairs of the brand’s best-selling shoes and accessories. Those who don’t want to face the sticker shock (the ensemble is expected to be around $70,000) […]

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Though millions of people got a jump start on holiday shopping this year, millions more still have a lengthy list to finalize. According to the National Retail Federation’s final consumer holiday spending survey of the season, the average holiday shopper has finished 53.5% of his or her shopping, similar to the 52.9% seen this time […]

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Prada SpA has some serious woes. Shares of the Italian luxury goods hit a record low in Hong Kong trading, dropping 6.4% after it posted a 38% plunge in Q3 profits, missing analyst estimates. Slumping sales due to depressed economic growth sales in Greater China was a major factor. Prada reported Tuesday net income fell […]

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Consumers accustomed to 24/7 shopping online can now do it at Kohl’s brick and mortar stores during the holidays. The retailer plans to keep its doors open for more than 170 hours straight from 7 a.m. on Thursday, December 17 through 6 p.m. on Christmas Eve, Thursday, December 24 as an added convenience to holiday […]

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