retail news in context, analysis with attitude

Reuters reports that "Sycamore Partners, which recently bought Jones Group, Talbots and Hot Topic, is considering a bid for Sears Canada," which has fallen on hard times recently because of heightened competition from the likes of Walmart and even Target, which has had its own problems in Canada.

Neither Sycamore Partners nor Sears Canada has commented on the report, but Sears Canada reportedly has been looking at its strategic options there.


• Restaurant chain PF Chang has provided details about "its ongoing investigation into a security breach, saying data may have been stolen from certain credit and debit cards used at 33 P.F. Chang’s China Bistro restaurants in the U.S.," the Associated Press writes, adding that "PF Chang’s confirmed in June that data from credit and debit cards used at its restaurants was stolen, but didn’t specify the locations at that time … The company said that potentially stolen data includes the card number and may also include the cardholder’s name and/or the card’s expiration date in some instances."
KC's View: