Clearette increases production capacity
NEW YORK — Clearette, a manufacturer of electronic cigarettes, has ordered specialized equipment in an effort to improve production output in hopes to allow volume increases.
"Our estimates indicate implementation of fully automated manufacturing will reduce production costs in labor alone in the 25% range. It goes beyond that, however. Fully automating our manufacturing process for the E-Liquid Line will allow us to have 100% control over our entire process," Clearette’s senior manufacturing manager Richard Delapena said. "This will allow Clearette to efficiently meet and adjust to consumer demand, and manufacture hundreds of different vapor flavors in a variety of different nicotine strengths creating thousands of unique combinations, and, most importantly, consumer satisfaction and loyalty."
Clearette closes out 2013 having seen high growth in all of its e-cigarette and vapor product lines.
Security blogger Brian Krebs may have found a seller of data from Target payment card breach
NEW YORK — The security blogger who broke the news about a massive breach of payment card data at Target stores may have identified someone who’s been selling the data.
In his Krebs on Security blog, Brian Krebs identified a Ukrainian man as someone allegedly selling the credit and debit card data, though there was no evidence that the man was behind the theft itself.
Krebs found the man by combing through online forums where stolen payment card data are sold, such as rescator.la, kaddafi.hk and cheapdumps.org and finding their owner, who uses the nickname Rescator.
Target confirmed last week that about 40 million credit and debit cards were hacked between Nov. 27 and Dec. 15. Target has been working with federal authorities to investigate the matter, but according to the New York Times, JPMorgan Chase notified customers who had used its cards at Target stores while the breach occurred that it would limit them to cash withdrawals of $100 per day and purchases of $300 per day, a move that would affect about 2 million accounts.
Crowds flock to Canadian Target stores for retailer’s first Boxing Day
MISSISSAUGA, Ontario — Despite concerns about the performance of its new Canadian division expressed in the wake of its third-quarter earnings last month, Target said it received quite a lot of shoppers on Boxing Day.
Boxing Day, the day after Christmas, has traditionally been a major shopping day in Canada, similar to Black Friday in the United States, which has also migrated northward in recent years as retailers seek to keep Canadians shopping domestically. Target’s stores opened at 6 a.m., and several stores reported lineups before the doors opened, including in cold and snowy weather.
"We have seen tremendous excitement at our stores across the country as guests tap into the incredible deals and innovative products found only at Target," Target Canada president Tony Fisher said. "Celebrating our first Boxing Day with our guests has been an amazing experience, and we look forward to offering Bullseye Boxing Week prices all week long."
In discussing Target’s third-quarter earnings last month, CEO Gregg Steinhafel said that despite results from the Canadian division coming out lower than the company had hoped, he expected better results in 2014, and those stores that had opened early on were already tracking ahead of the newer ones.