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.
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.
February 15, 2013 |
Consumer sentiment rebounded solidly early in February after a disappointing showing the previous two months, according to a survey released Friday. The monthly Thomson Reuters/University of Michigan consumer sentiment index rose to 76.3, up from 73.8 in January. Quiz: How much do you know about looming federal budget cuts? The readings in December and January were weighed down by Americans' concerns about the potential drag from the so-called fiscal cliff, which federal lawmakers averted with a last-minute deal.
May 22, 2012 |
BOSTON - A new generation of consumers who have little regard for historical distribution systems will be what drives media companies to rethink their role as gatekeepers to content. "It always seems to be about the kids," said filmmaker Ed Burns who has taken to releasing his movies on non-theatrical platforms, including Apple's iTunes, and on video-on-demand. Speaking at the National Cable Telecommunications Assn. here, Burns said that young people today "are not nostalgic for the way we consumed entertainment.
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.
April 17, 2012 |
One-third of consumers are using Facebook, Twitter and other social media sites to seek medical information, discuss symptoms and express their opinions about doctors, drugs and health insurers, according to a new report. These latest results from PwC's Health Research Institute underscore the need for healthcare providers and insurance companies to engage more with consumers online since they are increasingly making medical decisions based on the information they find there. The stakes are likely to grow as millions of younger consumers comfortable with social media enter the insurance market for the first time under the federal healthcare law. “Those medical providers and payers who are able to use social media are likely to do better in the marketplace as consumers make these decisions,” said John Edwards, a director in PwC's healthcare strategy and business intelligence practice.