Abercrombie & Fitch, the teen-oriented clothing store that you haven’t visited since age 17 because the music is too darn loud, let the world know that it was for sale a few weeks ago. It shouldn’t surprise anyone that a prominent private equity firm is interested, but that firm, Cerberus Capital Management, is teaming up with competitor American Eagle. [More]
for sale
Volkswagen Reaches $157M ‘Dieselgate’ Settlement; Gets Approval To Sell Diesels Again
Volkswagen is inching closer to putting its “Dieselgate” scandal in the rearview mirror. The automaker has agreed to a $157 million settlement that will end lawsuits in 10 states, and it has been cleared to start selling diesels in the U.S. again. [More]
CFPB Releases Mortgage Toolkit Aimed At Making The Home Buying Process Easier
In January, the Consumer Financial Protection Bureau released a report suggesting that many homebuyers spend more time looking for a TV than shopping around for the right mortgage. In an attempt to make things a little less daunting for prospective borrowers, the Bureau today released the “Know Before You Owe” mortgage shopping toolkit. [More]
Massachusetts Man Selling Snow From His Front Yard Because Why Not?
Mother Nature has created plenty of headaches for snow-weary residents of Massachusetts, but one man is turning Gaia’s frozen bounty into an opportunity to make a few bucks off those warmer states. He’s selling the snow from his front yard for $89 for six pounds, shipping it to sunnier climes. Taking snow lemons and making snow lemonade, right? [More]
Red "Sale" Sign At Kohl's Means Item Is FOR Sale, Not ON Sale
Nice try, Kohl’s, but we see through your game. An item isn’t on sale just because you say it is. You have to actually decrease the price. Noah writes that when he found a tag emblazoned with the word SALE, he thought this meant that perhaps the item was on sale. Don’t be silly, Noah. [More]
All The PBR You Want For $300 Million
Pabst Brewing Company is up for sale, the New York Post reports.
Live In The Mobile Home Of The Future
Would you live in a mobile home? No? What if it were solar and wind powered, and tricked out with the latest modern conveniences and looked sharp?
Will Anyone Buy My 1300 Chinese Pope Hats?
One of the fun side-effects of Craigslist is that the lack of an editorial gatekeeper means it lets the crazy blossom. The newspaper Telegraph has assembled 20 of what they consider the wackiest Craigslist ads, including over 1300 Pope hats (sorry, they’re just replicas), diapers for incontinent dogs, and 300 stuffed penguins. Naturally we assume every one of them is really about sex, but maybe we’re being too jaded about Craigslisters.
Eddie Bauer Jumps In The Bankruptcy Pool
Eddie Bauer is the latest retailer to file for bankruptcy, and it says it hopes to be sold outright rather than try to reorganize, refinance, or liquidate. The AP says the clothing company had “$476.1 million in assets and $426.7 million in debt at the time of the filing Wednesday with the United States Bankruptcy Court of the District of Delaware,” and that by declaring Chapter 11 now it hopes to reassure suppliers and stave off impending cash flow problems.
Illinois Jeweler Selling Senate Seats
As Gawker pointed out, a Chicago furniture store is running ads claiming that it “sells more seats than the Governor.” Now a local jewelry store is literally selling Senate seats, as beautiful charms!
Copywriter Mom Uses Her Advertising Powers To Humiliate Son Via Classifieds
Here’s a perfect example of the power of the written word in advertising: Jane Hambleton’s splashy classified ad to sell her son’s car worked so well that now everyone knows she caught him with liquor in his car and sold it as punishment.