In the wake of the data security breach it suffered over the Christmas holiday period, Target Corp. has appointed a new chief information officer. Bob DeRodes will lead the company’s information technology transformation beginning Monday, the Minneapolis-based retailer said Tuesday.
Target also provided details of security enhancements it’s made since the data breach last year. The retailer, which has been working toward adopting chip and PIN technology for the last decade, said it has accelerated its $100 million investment to put the technology in place by 2015. Target is working with MasterCard on a new initiative to enable Target-branded credit and debit cards with MasterCard’s chip and PIN solution. Besides moving its Red card portfolio to the new technology, Target is installing supporting software and next-generation payment devices in its stores. The new payment terminals will be in all 1,797 U.S. stores by September, six months ahead of schedule.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
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)