7 Stories

'No Quick Fix' for Lego Sales Woes, CEO Laments

Excess inventory kept new products from moving in 2017, the first time in 13 years that profits fell

(Newser) - If you're an 8-year-old, you can never have too many Lego bricks. If you're Lego … well, maybe you can have too many Lego bricks. Excess inventory is one reason the Lego Group says it's now reporting, for the first time in 13 years, a drop in... More »

Bar Code Inventor Dead at 91

N. Joseph Woodland and co-inventor made only $15K

(Newser) - The New York Times has what must be the most interesting obituary of the day: that of 91-year-old N. Joseph Woodland, who invented the now-ubiquitous bar code with a colleague in the late 1940s. Among the tidbits:
  • Aha moment: It came while Woodland sat on the beach at his parents'
... More »

Wal-Mart Will Track Your Undies

Privacy advocates slam garment chips

(Newser) - Wal-Mart's plans to insert a tracking chip inside individual pairs of jeans and underwear has privacy advocates worried. The retail giant says the RFID chips will make inventory control much more efficient, but privacy groups warn that the chips—which can be removed, but not turned off—could be misused... More »

Data Boosts Stocks, Dow Up 71

Fed reports an increase in business activity

(Newser) - Stocks advanced today on positive economic news from the Philadelphia branch of the Fed, the Wall Street Journal reports, which said that its index of business activity registered a 4.2 in August, up from a negative 7.5 in July. Investors were specifically encouraged by a rise in the... More »

Dealer Cuts Mean Deals on Chrysler, GM Cars

Closing dealership networks have just weeks to move massive inventory

(Newser) - At 789 Chrysler lots across America sit 44,000 potential bargains, cars and trucks that are stuck between shellshocked dealers and a troubled company that no longer wants their services. The dealers have just a few weeks to sell the Chryslers, Dodges, and Jeeps or risk losing thousands of dollars... More »

'Sea Change' In Store for Retail

Shops to shut, brands to fold as bankruptcies soar

(Newser) - Shaken by a tough holiday season and bracing for more trouble, the retail scene may look very different in 2009, the Wall Street Journal reports. Some stores will be reducing inventory and cutting suppliers, which could force small manufacturers to fold. Retail bankruptcies could abound. "We will have a... More »

$148M Loss Bites Into Crocs

Demand for colorful clogs tanks

(Newser) - Crocs, the maker of hugely popular colorful plastic clogs, suffered a $148 million third quarter loss on a 32% drop in demand in Europe and the US. The Colorado-based company has shuttered a factory in Canada, will close another in Brazil next month, and has amassed extensive unsold inventory, reports... More »

7 Stories