The theft of consumer data from Neiman Marcus appears far deeper than had been disclosed originally, with the company now saying that hackers invaded the luxury retailer’s systems for several months in a breach that involved at least 1.1 million credit and debit cards.
In a statement posted on its website, Neiman Marcus said that malware had been installed in its system and had pulled payment data off cards used from July 16 to Oct. 30. MasterCard, Visa and Discover have told the company that about 2,400 cards used at Neiman Marcus and its Last Call outlet stores have since been used fraudulently.
Federal investigators, including the Secret Service and the FBI, have been trying to determine whether the extensive security breach at Target and the one at Neiman’s are related. Neiman said it had no knowledge of a connection between the two attacks.
Neiman Marcus Group, which also own Bergdorf Goodman, said it would notify all customers who shopped in those stores between January 2013 and January 2014 — and for whom the company has a mailing or email address. They also said they would offer one free year of credit monitoring to all of those shoppers. — The New York Times
Sears Holdings Corp. plans to close its money-losing namesake location in downtown Chicago, reducing its physical presence in the city as it shrinks its store network and divests assets amid a decline in sales.
Sears will shutter the store at 2 N. State St. in Chicago’s Loop business district in April, Howard Riefs, a spokesman, said this week.
“The store has lost millions of dollars since opening, and we can no longer continue to support the store’s operating losses,” Riefs said.
The closing will end Sears’ presence in Chicago’s prominent shopping and business district as the retailer moves to cut expenses and raise cash.
The company’s departure from State Street contrasts with its once-dominant presence downtown. The Sears Tower, the city’s tallest building, changed its name to Willis Tower in 2009 after insurance broker Willis Group Holdings moved in. The 40-year-old tower once housed the retailer’s headquarters before it moved to its current location in Hoffman Estates. — Bloomberg News
WASHINGTON — Nissan went too far with a TV commercial that depicts its Frontier pickup truck powering up a sandy hill to save a struggling dune buggy, according to the Federal Trade Commission.
In an announcement Thursday, the commission said Nissan has agreed to settle deceptive advertising charges over the 30-second ad, which aired in late 2011. In it, a little black dune buggy can be seen stuck in sand on a steep hill. Suddenly, a red Frontier speeds to the rescue of the dune buggy and pushes it up and over the hill, to the cheers of amazed onlookers.
The “Hill Climb” ad was shot in a realistic-looking YouTube style.
And no, the Frontier pickup can’t really do that. In fact, the FTC complaint says both the truck and the buggy were dragged to the top of the hill by cables.
In a statement, Nissan said it takes its commitment to truthful advertising seriously. “The company has been and remains committed to complying with the law,” said spokesman Travis Parman.
Also named in the complaint is ad agency TBWA Worldwide Inc. The FTC says both Nissan and TBWA are barred from making deceptive demonstrations in future ads. — AP
TOKYO — Toyota remained the top-selling automaker for a second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013, and set an ambitious target to sell more than 10 million vehicles this year.
That would mark a milestone as no automaker has ever topped annual worldwide sales of 10 million.
Toyota Motor Corp. said Thursday it sold a record 9.98 million vehicles worldwide last year, up 2 percent from the previous year.
The Japanese automaker has made an impressive comeback from an earthquake and tsunami that devastated northeastern Japan in 2011, damaging auto suppliers and hobbling production.
Toyota also outlined plans to sell 10.32 million vehicles and produce 10.43 million vehicles in 2014.
General Motors Co. sold 9.71 million cars and trucks worldwide last year, outselling Volkswagen AG of Germany at 9.5 million.
Toyota recaptured the global sales crown in 2012 from GM, which had been the top-selling carmaker for more than seven decades until being surpassed by Toyota in 2008. — AP
ST. LOUIS — Anheuser-Busch Cos. Inc. has removed the “Hold my beer and watch this” videos from its Bud Light YouTube page, and the craft brewer that sued over use of the phrase has dropped the legal action.
Big Sky Brewing Co. of Missoula, Mont., sued Anheuser-Busch in December, saying it had a trademark for the phrase “Hold my beer and watch this” and had used the slogan since 2004. Big Sky dropped the suit on Wednesday in exchange for Anheuser-Busch removing the videos. There was no financial settlement, Anheuser-Busch spokeswoman Lisa Weser said.
The three videos were created by actor John Krasinski, best known as Jim Halpert on NBC’s “The Office,” and his business partner, Danny Stessen. — AP