#source retail dive

U.S. officials seize $6.5m in counterfeit goods in Puerto Rico

The sting targeted retailers accused of selling fakes with labels from Michael Kors, Gucci, Prada, Chanel and others.

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Source:: Retail Dive

$6.5M in counterfeits seized in Puerto Rico

14 retailers are accused of selling fakes with labels from Gucci, Michael Kors, Prada, Chanel, Ray Ban, Coach, Dolce & Gabbana, Oakley, Nike, Ray Ban and the National Basketball Association.

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Source:: Retail Dive

Wal-Mart, Kohl’s ride Amazon Prime Day coattails

Wal-Mart, Newegg, J.C. Penney, and Kohl’s are hosting sales July 12, but, notably, Target and Jet.com are not.

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Source:: Retail Dive

Wal-Mart, J.C. Penney launch rival Amazon Prime Day sales

Kohl’s and Newegg also are seizing on the buzz generated by Amazon’s Prime Day event to launch their own major midsummer sales.

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Source:: Retail Dive

June same-store sales beat expectations

Gap Inc. shares climbed 2.6% in late trading after the company’s same-store sales increased 2% in June.

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Source:: Retail Dive

Nike releases open source code on GitHub

The athletic apparel and products giant may be looking to boost its technology image to lure new tech talent.

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Source:: Retail Dive

Vantiv on what EMV means for e-commerce fraud—and why Apple Pay is a security game changer

EMV chip-enabled credit and debit cards threaten to push counterfeit fraud from brick-and-mortar retail to the web. Merchants must take decisive steps to protect their customers and their brand, says Vantiv’s Ned Canning.

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Source:: Retail Dive

Report: Amazon bookstore planned for NYC

Independent bookstores have thrived nationally, but many have shuttered in the city in the face of rising rents and increased competition.

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Source:: Retail Dive