May 17, 2012 |
Skechers has agreed to pay $40 million to consumers who purchased its rocker-bottom shoes under the mistaken belief that the shoes would help give them Kim Kardashian's booty or Joe Montana's stamina. So how do you get your piece of the payout if you purchased the shoes months, if not years ago, and don't have a receipt? No problem. This refund relies largely on the honor system. Anyone who purchased the company's line of Shape-Up shoes -- or its Resistance Runners, Tone-ups or Toners -- is entitled to a partial refund whether they have proof of purchase or not, officials said Thursday.
January 1, 2014 |
The final phase of a ban on incandescent light bulbs goes into effect Wednesday, leaving consumers with pricier energy-efficient options that are expected to save people money over time. Beginning Jan. 1, the production of 40- and 60-watt incandescent light bulbs is banned as part of efficiency standards signed into law by President George W. Bush in 2007. PHOTOS: Best and worst countries in which to grow old The government phased out 75- and 100-watt incandescent bulb over the last few years.
February 21, 2014 |
Early last year, Scott Tannen and his wife, Missy Tannen , were shopping for sheets when they experienced firsthand the confusion that comes in trying to find quality sheets. “I just wanted a beautiful, soft set of white sheets,” Missy Tannen said. “Every display was full of nebulous buzzwords like 'thread count,' and the prices seemed really high. The longer I stared at the shelves, the more confused I became. I had no confidence that I would walk out of the store with something great.” Motivated by that shopping experience, the couple founded Boll & Branch in January in an effort to offer 100% organic cotton sheets directly to consumers from Chetna Organic, an Indian cooperative that supports sustainable farming and community development.
January 16, 2014 |
Imagine for a moment that all of the nation's fast-food establishments--all the striped awnings and golden arches, the drive-thru windows, the beckoning dollar deals and wafting odor of French fries--were to vanish overnight. Would the number of our kids who carry an unhealthful amount of extra weight plummet? The answer is very likely no, says a study published Thursday in the American Journal of Clinical Nutrition. Because if you shut off the supply of 24-ounce fountain drinks, bacon cheeseburgers, fried chicken and stuffed tacos, the children who frequently eat at fast-food restaurants will go home and do what they generally do when not eating at a fast-food restaurant: They'll snarf cookies and chips, chug sugar-sweetened soda from a bottle, and heat up frozen pizzas.
November 20, 2012 |
Some staggering new figures about Asian American consumers are out this month: Their buying power is up 523% since 1990, reaching $718.4 billion this year. If the demographic were a nation, it'd be the 18th-largest economy in the world. Within five years, Asian American buying power will surge over $1 trillion, according to a report this month from Nielsen. At the moment, 28% of households in the group have annual incomes greater than $100,000, compared with 18% of all Americans.
February 25, 2014 |
Consumer confidence retreated in February as fewer Americans expressed optimism about near-term economic conditions, the Conference Board reported Tuesday. The consumer confidence index fell to 78.1, down from 79.4 in January. The drop was primarily in its expectations index -- which measures consumers' expectations of economic activity in the next six months. The survey found that consumers had "concern over the short-term outlook for business conditions, jobs and earnings,” said Lynn Franco, director of economic indicators.