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October 27, 2015 at 11:51 am
Microsoft chose a busy day to hold the grand opening of its Fifth Avenue retail store. Yesterday marked the launch of the company's new Surface products, including the Surface Book and Surface Pro 4. And later, the new Microsoft Store (and countless other retailers) held a midnight launch for the release of Halo 5 for…
October 27, 2015 at 11:47 am
The odds of Staples gaining regulatory clearance for its $6.3 billion purchase of rival Office Depot have improved greatly, according to a confidential report on Monday. The Federal Trade Commission (FTC) met last Friday with a large corporate customer of Staples to discuss an antitrust remedy to get the deal done, according to the report issued…
October 26, 2015 at 11:28 am
Most mornings, Ron Johnson rises just after 4 a.m., without the use of an alarm clock, and sets off on a five-mile run. "My strategy is, if I wake up before 3 a.m., I go back to sleep," he explains to a group of his employees, a dozen men and women in their twenties who…
October 26, 2015 at 11:16 am
Stock up on suits you don't need. On Thursday, men’s apparel specialist Jos. A. Bank launched what it's calling the “Last Time Ever” for its infamous “Buy 1 Get 3 Free” sales. The current sale stretches through Sunday and includes a separate “buy 1 get 2 free” deal on dress shirts, pants and sweaters, plus 70…
October 26, 2015 at 11:08 am
Bridgestone said on Monday that it would buy Pep Boys, the car parts retailer, for about $835 million in cash, to gain a big increase in retail locations. Buying Pep Boys — perhaps best known for its colorfully named founders, Manny, Moe and Jack, who are technically part of its legal name — will give Bridgestone…
October 26, 2015 at 11:02 am
J.C. Penney laid off 300 of its 3,400 headquarters employees in Plano, Texas on Thursday. The 9 percent reduction is part of an ongoing effort to cut costs as Penney tries to become profitable again. CEO Marvin Ellison has been saying since he assumed the top job at Penney in August that he's reviewing the organization and…
October 26, 2015 at 10:55 am
Looking to compete with the Nordstrom Racks and Saks Off 5ths of the world, Lord & Taylor is launching its first off-price store, Women's Wear Daily reports. The new "Find @ Lord & Taylor" shops will offer a selection of women's, men's, kid's, footwear and home products that have been marked down 70 percent. Lord…
October 23, 2015 at 9:55 am
The Federal Trade Commission, which enforces U.S. laws against deceptive ads, said Tuesday that it had closed a probe of Wal-Mart Stores Inc after the company addressed the problem of products advertised as "Made in USA" when they were not. The FTC closed the probe without action after Wal-Mart dropped all "Made in USA" logos…
October 23, 2015 at 9:50 am
The top prosecutor in Oregon took aim at GNC, the nation's largest vitamin and supplement retailer, accusing the Pittsburgh-based company of knowingly selling workout and fat-burning supplements spiked with illegal drugs. GNC, which this year settled with New York's attorney general over claims that its dietary supplements were impure, said the latest accusations are “without…
October 23, 2015 at 9:44 am
The holiday shopping — er, shipping — war is on. Best Buy Co. Inc., the nation’s largest electronics retailer, is the first major player to get out ahead with its announcement Thursday that it will offer free shipping on online orders starting Sunday through Jan. 2. In doing so, the Richfield company will waive the…
