Phillip Pessar

The Right To Zombify The Limited Sells For $26.8M

The Limited closed its retail stores and its online presence earlier this year, but don’t worry: A well-known brand never stays dead for long. Sycamore Partners, a private equity firm that owns other familiar, once-troubled retail brands like Belk, Coldwater Creek, Hot Topic, Jones New York, Talbots, and Torrid, purchased the brand’s intellectual property and online presence. [More]

Freaktography

18 Attorneys General Ask Education Secretary DeVos To Not Go Soft On For-Profit Colleges

A number of high-profile for-profit educators shut down or scaled back operations in recent years, among accusations of overcharging and under-educating students, and new rules intended to hold schools accountable. However, these companies’ fortunes began to turn after the election of Donald Trump and his naming of pro-industry Education Secretary Betsy DeVos. That’s why a group of 18 state attorneys general are calling on the administration to not ease up on these controversial schools. [More]

Nicholas Eckhart

Buying Up Dying Malls Can Be A Viable Business

We hear so often about the fading of brick-and-mortar retail that it might seem hard to believe that there are companies out there in the market to buy more malls. Yet there are buyers for distressed malls, even when the owners are about to walk away. Yet there are companies that specialize in this kind of thing, and they aren’t tearing them all down or turning them into apartments. [More]

Adidas Accuses Puma Of Swiping Its Stripes For New Soccer Cleats

Adidas Accuses Puma Of Swiping Its Stripes For New Soccer Cleats

Perhaps more than any other piece of apparel, sneaker brands are often closely associated with their well-known logos. Nike’s got the swoosh, Adidas has its three stripes, and Puma has, well… a puma. However, Adidas now claims that Puma’s latest soccer cleats cross the trademark infringement line by allegedly copying the Adidas stripes. [More]

JeepersMedia

HomeGoods Parent Company Opening New Home Goods Store That Won’t Be Called HomeGoods

TJX Companies — better known as the parent company of TJMaxx and Marshall’s — already has a well-known furnishings and decor store called HomeGoods, but the company apparently believes there’s room for a new, entirely separate set of stores that also sell stuff you might want for your home. [More]

@StarTribune

One Closing Macy’s Is Selling Off Its Terrifying Animatronic Holiday Decorations

Has your home been missing something, but you just can’t put your finger on it? Would a giant, animatronic elf, a pair of ballet dancers, or donkeys do the trick? If so, then Macy’s has a deal for you: The struggling retailer is selling seasonal displays that were once used at its soon-to-be-closed downtown Minneapolis store. [More]

Brian Kelly

Evanger’s VP: Dog Food Recalled For Euthanasia Drugs Contained Horse DNA

An executive at pet food company Evanger’s, which recently recalled its own and Against the Grain beef canned dog food due to drug contamination, recently admitted to a Washington state newspaper that the recalled food contained horse DNA. The company has thus far blamed these issues on its meat supplier, but this is not the first time Evanger’s pet food has included an animal meat that wasn’t advertised. [More]

Eric Norris

Feds Investigate Auto Lender For Its Use Of GPS Device To Remotely Disable Cars

Once upon a time, if you fell behind on your car loan, the repo guy came out in the middle of the night and took your collateral-on-wheels back. These days, there are small GPS devices that can remotely disable the ignition until the borrower pays up. However, one auto lender is currently facing a federal investigation for its use of this technology. [More]

West Elm Will Offer Refunds To Owners Of Defective “Peggy” Furniture

West Elm Will Offer Refunds To Owners Of Defective “Peggy” Furniture

Last week, West Elm’s “Peggy” couch leapt out of the pages of mid-price furniture catalogs and into the realm of viral cyber-stardom when unhappy Peggy owners realized they were far from alone in having a couch that seemed to start falling apart the day they first sat on it. Now West Elm tells Consumerist that refunds will be sent out to folks who purchased a defective Peggy. [More]

Keurig To Pay $5.8M Over Failure To Report Defective Coffee Brewers

Keurig To Pay $5.8M Over Failure To Report Defective Coffee Brewers

Under federal law, manufacturers, distributors, and retailers are required to immediately report information regarding possible safety defects to the Consumer Product Safety Commission within 24 hours of obtaining reasonable supporting evidence. Keurig allegedly didn’t follow that rule when it came to the Dec. 2014 recall of 7 million MINI Plus Brewing Systems, and now the company must pay $5.8 million.  [More]

cookedphotos

Survey: People Don’t Really Want Fancy Technology To Help Them Shop

While retailers are falling all over themselves trying to incorporate the latest and greatest retail technology — anything from smart mirrors in fitting rooms to robots that answer questions you’d ask store employees — frankly, shoppers just don’t seem to give a damn. [More]

amanjo

Warm Winters Mean Bad Maple Syrup Harvests

If you live in the northeastern United States, you’ve probably noticed that temperatures are warmer than usual for this time of year. While that’s great news for most people, it’s terrible news for maple syrup producers, who are coping with low sap production and cloudy syrup. [More]

AT&T: It’s Fine For Us To Buy Time Warner Because We’re Too Small To Hurt Competition

AT&T: It’s Fine For Us To Buy Time Warner Because We’re Too Small To Hurt Competition

AT&T’s plan to buy Time Warner — the parent company of several cable networks, not the cable company that Charter snapped up last year — was greeted with a surprising amount of skepticism right from the start. Even though AT&T is sidestepping a lot of regulatory scrutiny by not seeking FCC approval of the merger, lawmakers have continued to ask why this merger would benefit anyone other than the shareholders of these companies. AT&T’s response: Competition or prices won’t be affected because we’re such a small-time player in the pay-TV business, and Time Warner’s viewership numbers are low. [More]

Chris Rief aka Spodie Odie

Report: Facebook Wants To Livestream One MLB Game Per Week

In the social media version of keeping up with the Joneses, it looks like Facebook wants to get in on some of the professional sports action its rival Twitter is going after: The Zuck’s company is reportedly in talks with Major League Baseball to livestream one game a week during the upcoming season. [More]

frankieleon

Automakers Ask New EPA Chief Pruitt To Rescind Mileage, Greenhouse Gas Standards

Now that Scott Pruitt — the former Oklahoma Attorney General who repeatedly sued the Environmental Protection Agency — has been sworn in as the Administrator of the agency whose policies he once attacked, auto industry lobbyists are calling on the EPA to put a stop to longterm fuel-economy and emissions standards locked in by the previous White House. [More]

Morton Fox

McDonald’s Dropping Price On Sodas & McCafe Drinks In Effort To Lure In Customers

Your McDonald’s bill is about to get a bit cheaper, that is if you’re just purchasing beverages: The Golden Arches will reduce the cost of soda and coffee items starting in April.  [More]

redsox223

Google To Take On Uber, Lyft With Major Expansion Of Waze Carpooling Service

It seems you can’t throw a rock in the street these days without hitting a ride-sharing vehicle (but don’t do that, seriously). Google is going to make that marketplace even more crowded with a major expansion it has planned for the carpooling function included in its Waze navigation app. [More]

SodaStream Recalls 51K Bottles That Could Explode Under Pressure

SodaStream Recalls 51K Bottles That Could Explode Under Pressure

When making a carbonated beverage at home you might expect there to be a little bit of pressure during the process, but probably not enough to make a bottle explode. Yet that’s what tens of thousands of recently recalled SodaStream bottles could do.  [More]