Kmart’s online customers hacked

Kmart’s online operations have been hacked in a security breach that exposed some customers’ personal information according to Fairfax Media. An email sent to a Kmart online customer on September 30 advised that her account had been compromised during an “external privacy breach”.

Want to lift profits? Ask Kmart’s Guy Russo

Kmart, once the poor cousin of chain stores, has risen phoenix-like with improved earnings before interest and tax of 18% ($432 million) and delivered a remarkable return on capital of almost 33% for parent Wesfarmers. The company delivered these results to the ASX yesterday and said it “remains proud and happy to be a conglomerate” after its retail businesses offset weakness in its industrial operations to lift group underlying earnings 8.3% higher in the year to June 30.