Chinese company sues U.S. retailers

“The other odd thing about this case is filing the lawsuit against the retailers. The company is also suing the manufacturer (another Chinese company) which makes sense, but I’ve never understood why going after the retailer makes sense. Best Buy, Wal-Mart and others shouldn’t need to investigate every product they sell to determine whether it violates someone else’s patents. Let that be handled between vendors. Dragging the retailers into the lawsuit is just a waste of resources.”

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92% of retailers targets of organized crime

“As another illustration of the wide effect of the down economy, retailers and consumers are increasingly being victimized by organized retail crime groups. According to NRF’s fifth annual Organized Retail Crime survey, nine out of ten retailers (92%) report that their companies were victims of organized retail crime during the past year, up eight percent from 2008. Nearly three-fourths (73%) of retailers also reported the level of organized retail crime activity has increased over the past 12 months, an increase of 11 percent from 2008. Loss prevention executives from 115 companies, including department, discount, drug, grocery, restaurant and specialty retailers, completed the survey last month.”

Bye, bye retailers: 2008 hit them hard

At Bizmology, a sad list of retail woe.   For me, the saddest is Levitz furniture because as a kid I loved the obnoxious ad, “You’ll love it at Levitz!”  and also there was very tall roadside Levitz sign along highway 88o in the Bay Area.  But I don’t think I ever stepped inside one of their stores.

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Black Friday is cyber criminal holiday

Attempted online fraud rose 40% this year for transaction on the day after Thanksgiving.  States most frequently hit are Floriday and New York.  Givency perfume by Estee Lauder was the most frequentlyvirtually swiped item.  No word on the online fraud completion rate.

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