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Friday, dec 27
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Business
Amazon Plans To Open Department Stores, But Not For Reason You Think, Report Says
After crushing brick-and-mortar retailers across the country, Amazon is now reportedly taking its shot at the department store game. The online retail giant, which currently manages a handful of small Amazon-branded stores, is looking to expand its offline shopping options is thinking bigger, with department store plans reportedly in the works. According to the Wall Street Journal, Amazon is looking to open locations smaller than traditional department stores, following the playbook set forth by Aldi and Trader Joe’s, with a heavy emphasis on private-label goods from Amazon. If the plan co…
Business
'Massive, Extended' Marriott Breach Affects 500 Million Starwood Guests
In one of the largest breaches of consumer data ever, up to 500 million guests' information may have been accessed as part of a breach of its Starwood guest reservation database, Marriott International announced on Friday morning. Following a three-month investigation, the company discovered there had been unauthorized access since 2014 and that an "unauthorized party" had copied and encrypted information. "The company has not finished identifying duplicate information in the database, but believes it contains information on up to approximately 500 million guests who made a r…