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 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.
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 1, 2013 |
Toyota, Ford and Honda ranked highest in a consumer survey of brand perception by Consumer Reports, and Tesla - the Palo Alto-based maker of electric cars - made the Top 10. The best brands list largely mirrors the survey from last year, in which the top six brands finished in the same order, according to the product-testing organization and consumer magazine, which released the results Friday. Scoring worst in the survey were Mitsubishi and Toyota's Scion brand - tying for last place - and Ram trucks, scoring third worst.
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.