Casino has started exclusive talks over buying online shoe retailer Sarenza, as the French supermarket operator looks to strengthen its online presence in the face of competition from Amazon and other Internet firms.
LL Bean changed its lifetime return policy last Friday, transitioning to a more restrictive one year term. The company has now been sued by a consumer seeking to create a class action against the company for the change.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.