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Retailers incurred $2.70 in costs for every dollar in fraudulent transactions, according to the fourth annual LexisNexis True Cost of Fraud Study. The study uses the LexisNexis Fraud Multiplier, which calculates the "true cost" of fraud incurred by merchants. That cost incorporates chargebacks for merchandise, the fees and interest to financial institutions and payment processors as well as any replacement, redistribution or restocking fees incurred by a merchant. The study also reveals that retailers who offer mobile payments, e-commerce and sell internationally are becoming greater targets for fraud.

Amazon.com Inc. said it's closing its high-fashion web site Endless.com on Sept. 27, and it will become part of the Amazon.com/fashion site. Amazon (NASDAQ: AMZN) launched the site in early 2007 and was the Seattle retailer's first online retail effort...

New York -- Gap announced that it plans to launch a limited-edition collection for men designed by GQ's six Best New Menswear Designers in America for 2012, starting Sept. 27. With price points starting at $20 for items such as boxer briefs and ranging...

While U.S. consumers shopped this July and August, they weren't buying clothes and notebooks for their children but rather items for the home. According to findings from IBM, the biggest retail gains this back-to-school shopping season came from home goods purchases, which increased 30 percent in July and more than 25 percent in August over their respective months in 2011.

eBay used its Systems Announcement Board to acknowledge a glitch with its API. The company rarely uses its Systems board other than to announce its weekly maintenance schedule - the report is available on this page. eBay wrote, "Previously some members...

Hot Topic appoints new VP and general merchandise manager for Torrid division Comtex News Network Sep 18, 2012 (Datamonitor via COMTEX) -- Hot Topic, Inc., a mall and web based specialty retailer, has appointed Kate Horton as vice president, or VP,...

A new study shows that by 2016, retail apps could account for up to 21% of that retailer's in-store sales. Small businesses might want to ramp up their app efforts. A new study from Deloitte , a corporate finance service, revealed that smartphone and...

NEW YORK , Sept. 18, 2012 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today announced that its Board of Directors has elected Charles H. Noski to the board, effective immediately.  Mr. Noski's election increases Avon 's Board to 12 Directors. Mr....

Fashion retailer AllSaints announced the appointment of William Kim as CEO, effective 15th October 2012. William joins from Burberry where he was SVP of Retail and Digital Commerce.  Peter Wood, formerly the CFO of AllSaints has been acting as Interim...

Sears was pretty redfaced after a third-party vendor called Fright Depot put up an image on the website that showed more of the model than Sears would've liked. So, Sears has now made the decision to completely get rid of the "Exotic Apparel" section of its website, reports Scott Stump at "TODAY."