Retail

JCPenney emerges from bankruptcy

In November, the U.S. Bankruptcy Court for the Southern District of Texas approved a purchase agreement in which substantially all of J.C. Penney’s retail and operating assets would be acquired by its two largest landlords and its primary lenders.

IKEA turns the page on catalog after seven decades

Its very first edition, in 1951, featuring the MK Wing Chair on the cover, had a print run of 285,000 copies and was distributed in southern Sweden. The last one, from this year, runs to 40 million copies.

Amazon, YETI team up with joint lawsuit against alleged counterfeiters

The suit alleges that from approximately February 2020 to September 2020, Michael White and Karen White of San Diego, Calif., advertised, marketed, offered, and sold counterfeit YETI products, including the company’s Rambler mug, in the Amazon store. In addition, the defendants are accused of using YETI's trademarks without authorization, despite receiving cease and desist notices from the retailer.