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- Mon May 04 2015
Wal-Mart Stores is shuffling a number of key executives and also tinkering with its organizational structure.
Increased use of tablets and smartphone this holiday season will help online sales grow 16% to a record $61 billion, but desktop computers still dominate, according to the online measurement firm comScore.
The company said online sales during the November and December timeframe would be primarily driven by desktop computers, but noted that mobile devices are growing at a faster rate. Spending using desktop computers is projected to grow 14% to $53.2 billion while mobile commerce is projected to grow 25% to $7.9 billion and account for 13% of total e-commerce sales.
Kmart said its store payment systems were penetrated by cybercriminals who used a form of malware undetectable by current anti-virus systems.
The retailer said its information technology team on October 9 detected its payment data systems had been breached and immediately launched a full investigation working with a leading IT security firm. It was determined the breach began in early September and upon detection Kmart said it was able to quickly remove the malware.
Atlanta-based The Home Depot is promoting an Auto Supplies department.
Brands getting star billing in the new store effort include Exide, Michelin, Prestone and Penzoil.
"Automotive products are a natural extension of what The Home Depot already offers with its growing selection of mechanics tool sets, welding and soldering tools and tool storage products that are specially designed for automotive tools," said Alyssa Steele, merchant for The Home Depot.
Fitness guru Jillian Michaels and Kmart this month plan to launch a new line of performance activewear branded as Impact by Jillian Michaels as part of Kmart's strategy to expand and strengthen health and wellness offerings.
The product line will be available online beginning August 10 for Kmart’s Shopyourway.com members and in stores on August 17 with prices ranging from $10.99 to $36.99. The line of apparel and accessories encompasses categories such as core training, running, yoga and lifestyle.
Retail and consumer products veteran Brian Cornell was named chairman and CEO at Target to fill two of the three roles previously held by the company’s former top executive Gregg Steinhafel.
Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.