Federated settled with New York, paying $725,000 to resolve claims of false advertising and sales promotion. "Kaufmann's ... used small print in ads to exclude many items from sales, featured photos of items not eligible for sales, and used misleading in-store signage. It also created false senses of urgency to buy with such promotions as "Biggest Sale of the Year" and "One Day Only Super Sale," only to retain lower prices after the sales were supposed to end..."
Best Buy is reported to be looking to buy a piece of Five Star, a Chinese consumer electronics retailer. Best Buy had said they were entering China this year, and it appears they want to buy into Five Star as a way of creating a strategic alliance.
Hain is rolling out an organic baby formula product as part of its Earth's Best line of infant and children's foods. This is in line with the health trend we commented on here.
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