The U.S. Federal Trade Commission (FTC)is expected to file a lawsuit in the coming weeks alleging that Amazon.com rewards third-party marketplace sellers that use its logistics services and penalizes those that do not. The FTC last week accused Amazon of duping millions of consumers into joining its Prime subscription program.
Dream on Me Industries, which sells baby cribs, strollers and other products to retailers including Amazon.com, Target, and Walmart, has won the rights to Buybuy Baby’s trademark and domain at auction. Dream on Me’s winning bid is temporary and could still be topped at an upcoming auction that includes Buybuy Baby’s physical assets. Dream On…
Nike is finding it more difficult to clear its inventory in light of current economic challenges and is resorting to discounting to boost sales. The athletic wear brand’s CFO Matt Friend, said Nike plans to continue promoting its direct-to-consumer business. Nike’s business with wholesale accounts fell to 56 percent in May, down from 70 percent…
US Consumer spending increased 0.1 percent in May, according to the Commerce Department. Spending was flat when adjusted for inflation. According to the NY Times, “Consumer spending slowed sharply last month — good news for policymakers worried about inflation, but also a sign that a crucial engine of the economic recovery could finally be losing…
The national average for a gallon of gas is $3.52, down six cents from the previous week. Patrick De Haan, GasBuddy’s head of petroleum analysis, thinks the national average may drop to $3.49 by July 4.
Dylan Mulvaney, the transgender woman whose participation in a Bud Light marketing campaign set off protests from anti-LGBTQ groups, said she has been harassed in public and felt scared to leave her home. She has taken issue with Anheuser-Busch’s response in the wake of the initial negativity. “For a company to hire a trans person…
A TikTok trend that shows people posting videos of themselves playing dead and covered in McDonald’s purple “Grimace shakes” has led to a surge in sales for the new beverage. “If I were a marketer trying to create a viral campaign, I don’t know that I would’ve said, ‘Hey, drink my milkshake and die,’” said…
The U.S. Supreme Court yesterday in a six to three decision struck down decades of legal precedent in ruling that colleges and universities may no longer use race as a consideration for student admissions.
Burlington Stores is on a new store growth path so Bed Bath & Beyond’s bankruptcy couldn’t have come at a better time for the off-price retailer.
Bed Bath & Beyond will only accept bids on Buybuy Baby’s intellectual property, including its domain name, at an auction scheduled for next Wednesday at 10 a.m. A second auction is planned for Thursday, where bidders can make offers to keep the chain’s stores operating. The decision to split the auctions appears to indicate that…
End of content
End of content
Stay on top of retail news with our daily newsletter
© 2023 RetailWire · Privacy Policy · Community Guidelines · Sitemap
