shoehorn99

Petsmart Opens New Spa-Themed Prototype Store

If you were to ask my dog what she wants out of her experience at the groomer, “no bath” and “no haircut” would probably be at the top of her list. She would be less interested in a more spa-like entrance with a concierge desk and free coffee beverages for humans. In a prototype store on New York’s Long Island, the big-box pet store is experimenting with a new store that focuses on pet services in a more fancy manner. [More]

Patrick

T-Mobile Getting Rid Of Plans, Now Only Offers Unlimited Everything

T-Mobile has spent the years since its failed acquisition by AT&T building its LTE network and launching new phases of its “UnCarrier” initiative. Today, the provider that started the industry trend away from contracts and handset subsidies is also getting rid of mobile data plans. From here out, it will offer one postpaid option: unlimited voice, data, and text. [More]

Sprint Owner Softbank Still Dreams Of Buying T-Mobile

Sprint Owner Softbank Still Dreams Of Buying T-Mobile

It doesn’t matter that T-Mobile CEO John Legere said two years ago that he’s heard enough merger talk: the CEO of Softbank, the Japanese company that owns 80% of competitor Sprint, is still interested in buying the carrier. He’s happy to wait until the time is right. [More]

Mike Mozart

Staples Isn’t Coping So Well After Broken Engagement To Office Depot

It’s not easy to find your way after your plans for the future have been turned around. Staples planned to merge with Office Depot, but the Federal Trade Commission stood in their way and kept the merger from happening. Now Staples is having a hard time finding its way by itself, losing $766 million last quarter. [More]

kyler kwock

How Can De Beers Market Diamonds When Beautiful Lab-Made Stones Exist?

De Beers, the company that had a near-monopoly on jewelry-quality diamonds for much of the 20th century, has a problem. Synthetic diamonds (or “lab-created,” as their marketers would prefer that you call them) have made amazing progress in the last few years, and now can be grown faster, better, and colorless. You need special equipment to tell the difference between a diamond made in a lab and a diamond made deep underground. Why should consumers pay more for a difference they can’t see? [More]

Misfit Photographer

Aetna Threatened To Quit State Insurance Exchanges If Humana Merger Was Blocked

In a lawsuit seeking to block the merger of health insurance companies Aetna and Humana, the U.S. Department of Justice cited decreased competition on state individual health insurance exchanges as one reason why the merger shouldn’t happen.

[More]

Nicholas Eckhart

Target Sales Are Down Because Customers Are Fixing Up Their Homes Instead

Target’s first comparable stores sales decrease in two years is partly due to the retailer’s problems with actually selling groceries, but the drop also reflects problems with the national retail landscape as a whole. Target expected sales to increase slightly, but instead, Americans are apparently paying for experiences rather than stuff, heading to buy clothes at off-price stores, and buying supplies to remodel our homes. [More]

Colleen AF Venable

Barnes & Noble Decides New CEO ‘Was Not A Good Fit’

Barnes & Noble is ditching its CEO of about a year, Ronald Boire, saying in a statement today that he “was not a good fit for the organization” and that the company would begin their search for a new CEO immediately. [More]

Twitter

Tesla Model S Engulfed In Flames During Worst Test Drive Ever

You might remember a few years ago that after three Tesla Model S sedans caught fire, the National Highway Traffic Safety Administration stepped in and opened an investigation into the series of fires, and Tesla made changes to the vehicles based on what happened. Now another fire has happened in France. [More]

Verizon Wants To Sell App Installations On Your Phone To Advertisers

Robert Mooney

Space on your Android phone is for sale, if you’re a Verizon customer, and according to ad agency executives who have worked on such deals. Verizon activates an estimated 20 million new Android phones every year, so even a small amount per installation could add up for the mobile company, assuming that customers would tolerate it. Would they? [More]

Jayu

Hershey, PA Residents Worried About Changes If Company Sells To Mondelez

Company towns are a remote memory for most Americans: areas where most residents worked at a factory, mill, mine, or brewery have gone away, moving out of state or overseas along with the employers themselves. One of the last remaining classic company towns is Hershey, PA, where the company still has its factory. The company that created the town of Hershey and its surrounding businesses and institutions turned down an unsolicited takeover offer from Mondelez, the owner of Nabisco and Cadbury. [More]

Michael Kappel

Aetna Quitting Health Insurance Exchanges In 11 States

The basic principle behind the Affordable Care Act was that by requiring all Americans to have health insurance, people would pay for insurance even when they weren’t sick, making the risk pool bigger and letting insurers cover more services and people who are already sick. Insurance companies say that it isn’t working out that way, though. Insurance giant Aetna announced that it will leave individual insurance exchanges in 11 out of the 15 states where it does business. [More]

Jonathan Youngblood

Neighbors Complain That Former Sports Authority Parking Lot Is A Giant Trash Pile

Bags of perishable food, heavy big-screen TVs, construction debris, and the occasional shopping cart: that’s what the neighbors of a former Sports Authority store in Queens, NY are finding in the parking lot now that the store is closed. The parking lot is a disaster and a health hazard, but the city can’t just go in and clean it up because it’s private property. [More]

Chris Rief

The FDA Doesn’t Actually Have The Power To Recall Cosmetics That Harm People

Last month, the Food and Drug Administration announced that it would be investigating claims from consumers that the “cleansing conditioner” Wen, purportedly developed by celebrity hairstylist Chaz Dean, had caused scalp irritation and even made some users’ hair fall out. The FDA looked into the situation after receiving 127 complaints about the product, but didn’t know that the marketer, Proactiv maker Guthy-Renker, had received more than 21,000 complaints about the product that it wasn’t obligated to report to the FDA. [More]

Jason Cook

Department Stores Remember That You Can’t Get Spa Treatments Or Lunch On Amazon

You can now order just about anything online, but there are some things that can’t be delivered in a box on your doorstep. If department stores and their business model are going to survive, experts say, they need to change their offerings and sell more products that can’t be purchased online. [More]

ken fager

The Family That Owns Trader Joe’s Is Having A Frugality War

People all over the world celebrate the companies that run stores under the Aldi brand for their super low prices. Yet the branch of the family that owns Aldi Nord, parent company of Trader Joe’s in this country and the Aldi stores in countries like France and Denmark, is currently having a family feud over frugality that has dragged their business into the public eye, something that the family has avoided for the last half-century or so. [More]

Liz Mochrie

5 Brands Of Curry Powder Recalled Because Of Lead-Contaminated Turmeric

Since turmeric is a key ingredient in curry powder, it was inevitable that the recall of some brands of turmeric for lead contamination would eventually lead to the recall of some curry powder. So far, one company whose powder is sold under five different brands has announced a recall. [More]

frankieleon

Judge Grants Permission For Volkswagen To Test Scrapping Cheating Diesels

What can Volkswagen do with the cars with emissions-cheating diesel engines that it buys back from consumers? The automaker has one proposal that a federal judge approved: even though the vehicles are pretty new, the company has proposed scrapping them to get them and their polluting engines off the roads. [More]