WASHINGTON — The National Retail Federation outlined its concerns about criminal data theft and security breaches at Target Corp. and Neiman Marcus in a letter to the two top leaders in Congress on Tuesday, calling for help from the financial industry to implement more secure debit- and credit-card technology for consumers.
Matthew Shay, president and chief executive officer of the NRF, sent a letter to Senate Majority Leader Harry Reid (D., Nev.) and Speaker of the House John Boehner (R., Ohio) on Monday, to assure them that retailers stand ready to help combat criminal data security breaches as the debate over protecting consumers from data security breaches heats up on Capitol Hill.
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EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)