You frequently hear about manufacturers involved in multibillion-dollar mergers, and you occasionally hear about an individual sports team being sold for big bucks, but it’s pretty rare these days to see an entire sports organization being sold for ten figures. [More]
It’s a time-honored tradition in retail to show shoppers just how much a deal they are getting by showing the “list” price next to the price the customer will actually pay. It’s a practice that online sellers, who can often offer deeper discounts than bricks-and-mortar stores, frequently use, but it looks like Amazon is quietly shifting toward showing shoppers only one price.
Amid declining sales and increased scrutiny on the supplements industry, GNC Holdings is looking to either restructure its business or sell itself.
A month after Anheuser-Busch InBev cleared one huge regulatory hurdle in gaining approval for its $107 billion SABMiller merger with the sale of SABMiller’s half of China’s largest brewer, the beer behemoth is looking to appease regulators on other continents. This time it happens to be the European Union and the sale of premium brands Peroni and Grolsch. [More]
A mansion with Hugh Hefner inside might not be the only thing Playboy Enterprises is looking to get off its hands: the company is reportedly toying with the idea of selling itself. [More]
The $107 billion merger of Anheuser-Busch InBev and SABMiller is a truly global affair, with the betrothed companies having to appease regulators on multiple continents. While the mega-deal still faces numerous challenges, it has cleared one huge hurdle with SABMiller agreeing to sell its half of China’s largest brewer for only $1.6 billion.
One Boston shopper found what looked like an amazing deal on shirts at Macy’s, advertised in the weekly flyer. Unfortunately, Macy’s now seems to regard their flyer as a random assortment of product pictures and disclaimers. The item wasn’t available at his local Macy’s, and employees just sort of shrugged. [More]
Earlier this year Education Credit Management Corporation bought 56 campuses from embattled for-profit chain Corinthian Colleges Inc. and took the schools to the nonprofit sector. While that conversion was initiated because of the ongoing collapse and financial problems facing CCI, other college chains have dropped the for-profit status seemingly to pick up hefty profits. [More]
Embattled for-profit college chain Corinthian Colleges, the operator of schools like Everest, Heald and WyoTech, found a buyer for at least half of its campuses in the form of student-loans servicing company Educational Credit Management Corporation (ECMC). [More]
Marie is in the market for a new external hard drive, and last week (before the Presidents’ Day holiday) she heard from an office Depot employee that just the item she wanted goes on sale frequently, and she should wait for one of those sales. Hurray! That’s just what she did. She waited for a sale, when an “instant rebate” brought the price down…to exactly the same price that it had been. [More]
Len noticed this sign at CVS. It seems pretty straightforward: the summer clearance items are all 50% off. Except for the fans. And the items that don’t scan at 50% off. The more you think about this sign, the more confusing it gets, because it means walking up to the counter or using a self-scan machine to determine whether items are on clearance sale. Why do you need a sign telling you to do that? [More]
Shopping at CVS, Ajay noticed this odd sale on a seasonal item (sandals). Okay, it’s fine to charge more for seasonal items during the season when they’re used: that’s basic retail. But there’s something terribly wrong when employees put up a sign doubling the price on a sale item without batting an eye. [More]
The debut of the iPad 2 means that you can get some sweet, sweet deals on the original iPad if you know where to look. D. knew where to look, which was a local Verizon Wireless store. Not the first place most people would go for iPads. Including, from what D. observed, the store’s own staff. When D. brought to store employees’ attention that their iPads in stock were marked down to $299, they suddenly didn’t have any more stock. Then they did. Then they didn’t. [More]
One would think that with a major national retailer such as The Gap, promotional signage would be carefully coordinated on a national basis. Local stores wouldn’t be slapping whatever placards they have lying around in the store window, whether or not the sales advertised on those placards are actually happening, and regardless of whether the prices on the placards are actually true. Jeremy tells Consumerist that… well, at his local Gap, that pretty much seems to be the case. [More]
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]
On Sunday, a judge approved the sale of nearly all of Chrysler’s assets to a group led by Italy-based Fiat. [BBC]
Circuit City announced today that it is close to finalizing a deal to sell all or part of its operation to one of two undisclosed potential buyers— but if the deal falls through— the store could be liquidated.