81% of retailers charge fee to send back items
The days of shoppers sending back unwanted or ill-fitting items for free are basically over as the holiday gift-giving season gives way to the gift-returning season. More than four in…
Rite Aid barred from using facial recognition to ID shoplifters
Bankrupt pharmacy chain Rite Aid was banned from using facial recognition software for five years to settle Federal Trade Commission charges that the technology falsely flagged thousands of customers as…
VF Corp, parent company of Supreme, the North Face and Vans, impacted by cybersecurity incident
The parent company behind popular brands like The North Face, Supreme and Vans said it experienced a cybersecurity incident that affected its online order fulfillment capabilities. VF Corp. said in…
Macy’s Herald Square flagship, Bloomingdale’s unlikely to undergo redevelopment
The $21-a-share bid by Brigade Capital Management and Arkhouse Management for the shares of Macy’s Inc. they don’t already own is surely aimed at the department store giant’s real estate…
Why Home Depot’s Bernie Marcus says he’s ‘particularly p–ssed off’
I met Bernie Marcus, the great entrepreneur, philanthropist and free-market evangelist, last week at his spacious home in Boca Raton Fla. — and of course, he wasted no time letting…
Adidas says latest batch of Yeezy sales generated nearly $160M in Q3
Sportswear giant Adidas lifted its revenue forecast and cut its expected loss for 2023 on Tuesday, citing Yeezy shoe sales and a stronger core business. The German company said it…
Peloton shares soar after inking apparel, content deal with rival Lululemon
Peloton Interactive and Lululemon Athletica said Wednesday they had entered into a five-year global partnership, sending Peloton’s shares up 17% in aftermarket trading. Under the deal, Peloton would become the…
Amazon facing FTC antitrust lawsuit later this month: report
The Federal Trade Commission may file a lawsuit later this month against Amazon after the company did not offer concessions to settle antitrust claims, the Wall Street Journal reported Tuesday,…
Amazon ordering corporate workers to relocate as part of return-to-office policy
Amazon is asking some corporate workers to relocate to other cities as part of its return-to-office policy, which mandates workers to be in the office three days a week. An…
Overstock.com to relaunch Bed Bath & Beyond website after $21.5M deal
Overstock.com completed its $21.5 million purchase of Bed Bath & Beyond’s brand name, intellectual property and ecommerce platform Wednesday after a US bankruptcy judge approved the deal. Within the next…