It used to be that a warehouse club membership was a necessity for suburban families: depending on where they lived, they might belong to BJ’s, Costco, or Sam’s Club, or some combination of the three. Yet while warehouse club membership has stayed pretty steady over the last few years, membership in Amazon Prime has increased instead. [More]
It may seem like the golden age of cable and the age of internet TV is upon us, but when you get right down to it, a whole lot of households still subscribe to monthly pay-TV. That said, the latest edition of an annual survey does indeed find that both cable prices and cord-cutting are on the rise — a completely coincidental pair of facts, we’re sure. [More]
For years we’ve talked about “showrooming” — the practice of going to a bricks-and-mortar retailer just to look at a product you intend to buy online, and now Amazon has apparently supplanted traditional search engines as the place for most Americans to begin their product hunt.
When you pay with a credit card, you’d probably like to know if you could save money by using one type of card over another. However, stores that accept American Express are barred from steering customers toward less-expensive cards. Last year, a federal court ruled that AmEx’s policy violates antitrust laws, but today a federal appeals court overruled that decision. [More]
Last week, when the CEO of drugmaker Mylan was testifying before Congress, Rep. Jason Chafee of Utah spoke for the American people when he wondered whether the company actually earns only $52 profit per pen when the retail list price is $608 each. The company has now clarified its answer: that $104 per two-pack figure is Mylan’s profit after taxes. Before taxes, the profit is $88 per pen, or $166 per two-pack. [More]
It’s not every day that you get a package out of the blue from someone you’ve never met, containing an expensive (looking) watch. So when that exact situation happened to a California woman recently, she had a sneaking suspicion that something was fishy — and she was right. [More]
The Walt Disney Co., the well-known operator of theme parks, movie production studios, and cable television networks could soon be a huge player in social media — at least according to reports claiming that Big Mouse is working on a bid for Twitter. [More]
A Verizon Wireless employee has pleaded guilty to violating federal law by selling customer phone records and location data to a private investigator, starting at a measly $50 a month. [More]
No good deed goes unrewarded, or so they say, and if you’re lucky, that reward might just come in the form of free pizza. For a year. [More]
Stop us if you’ve heard this one before: there’s a drug out there that does a very specific thing, and has no generic alternative. For years, it sold for a predictable three-figure price point. Then one day, if gets acquired by a new company and in just a few months, the price increases by more than 4000%. It is, unfortunately, such a common tale of late that we all know the general outline by heart. And now it seems to be happening again.
When what your customers want are corduroys, sweaters, and the occasional work-appropriate dress, maybe trying to expand and attract more fashion-conscious customers was never going to work. Less than two years ago, Lands’ End, the retailer of preppy clothing and canvas tote bags that is not L.L. Bean, hired Federica Marchionni, the president of Dolce & Gabbana USA, to be its CEO with the goal of creating a “global lifestyle brand.” [More]
Days after lawmakers urged the Department of Labor to investigate Wells Fargo’s actions against employees after workers of the banking giant claimed they were fired and otherwise mistreated if they failed to meet strict sales quotas that ultimately resulted in the opening and closing of two million unauthorized consumer accounts, some former employees have come together to file a class action lawsuit against the company. [More]
Seven people in four states have become ill after eating red meat found to be contaminated with E. coli, prompting the recall of thousands of pounds of beef, veal, and bison from Adams Farm Slaughterhouse over the weekend. [More]
Did you know that there’s a “soup season?” According to canned soup company Progresso, soup season is a thing, and it starts approximately when all of the pumpkin spice foodstuffs hit store shelves. To kick off this year’s soup season, which we’ll pretend is an actual thing, Progresso announced from its agrarian paradise in New Jersey that it has switched to chicken raised without antibiotics. [More]
In the three days since reports began to surface that Twitter was looking to sell itself — possibly to Google or professional networking site Salesforce — rumors, ranging from a $16 billion list price to a sale happening right this minute, have heated up significantly. [More]