ftc

Retail
Staples Renews Office Depot Acquisition Bid

Staples once again is moving to purchase Office Depot, which would consolidate the office superstore channel in similar vein to what has occurred in the electronic and home furnishings specialty retail channels, where Best Buy and Bed, Bath & Beyond dominate on the national scene.

Retail
Progressive Leasing Reaches Settlement With FTC

Progressive Leasing, a wholly-owned subsidiary of Aaron’s, has reached a final settlement with the Federal Trade Commission resolving all matters raised by the company’s previously disclosed FTC investigation related to the adequacy of consumer disclosures.

Appliances
FTC Launches IoT Security Challenge

Due to recently exposed vulnerabilities of Internet of Things (IoT) devices, the Federal Trade Commission is launching the IoT Home Inspector Challenge, challenging the public to create a tool that will address security vulnerabilities caused by out-of-date software in IoT devices.

Retail
Walgreens, Rite Aid Extend Merger Deadline

In accordance with the terms of their merger agreement, Walgreens Boots Alliance and Rite Aid have mutually agreed to extend the end date of their merger deal from October 27, 2016, to January 27, 2017. The companies now expect the transaction will close in early calendar 2017.

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