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Overstock.com today announced that it will award free Club O accounts ($20 value) preloaded with $10 in Club O Reward dollars to top customers in Connecticut, where the company canceled ad contracts because of the recently passed sales tax law.
Fruit basket and gifts retailer Harry & David plans to exit bankruptcy protection in late summer, it said in a reorganization plan filed. The company, which entered Chapter 11 bankruptcy protection in March after struggling to remain afloat during the recession and as online and discount competitors proliferated, said the plan has the support of its official committee of unsecured creditors and about 81 percent of the company's noteholders.
Liberty Media, which owns interests in a broad range of electronic retailing, media, communications and entertainment businesses, made an offer to acquire Barnes & Noble for $17 per share in cash, which values the company at approximately $1 billion.
NCR Corp. has no plans on changing the name on its 9,000 Blockbuster Express DVD rental kiosks despite the letter it received from Dish Network demanding it to stop using the trademark.
Michaels has removed the PIN pad tampering threat from its U.S. stores and believes it's identified the time frame that customer information was exposed. Based on the latest information available, exposed PIN pad transactions occurred from Feb. 8 through May 6, the date Michaels disabled the tampered devices.
The online eyeglasses seller who terrified customers in the hopes of creating buzz about his website, and raising the profile in searches, pleaded guilty to two counts of sending threatening communications, one count of mail fraud and one count of wire fraud.
Harry & David, which filed for Chapter 11 in March, asked the court for permission to hire a real estate consultant to help close 50 of its 122 stores. The company seeks approval to hire DJM Realty Services, a subsidiary of the Gordon Brothers Group.
In an attempt to win exclusive rights to use its name in Canada, Target is asking a Canadian court to impose a preliminary injunction against Canadian retailer Isaac Benitah and his company, Fairweather, which owns 15 stores across Canada called Target Apparel and has a logo similar to that of Target.
Susie's Deals, a 70-store apparel retailer offering heavy discounts on men's, women's and children's clothing, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Riverside, Calif. after more than 35 years in business.
Overstock.com has acquired the naming rights to the Oakland-Alameda County Coliseum for a reported $7.2 million. The Coliseum is now known as Overstock.com Coliseum. The six-year deal covers the stadium facility that is home to both the NFL's Oakland Raiders and the MLB's Oakland Athletics.
