Retailers, consumers and prices
Check out the latest twist in the eBay – Craigslist saga.
A judge reinstated eBay’s 28.4 percent stake in Craigslist, but allowed the classifieds site to keep eBay off its board.
The mixed ruling meant no clear victory for either of the companies, whose relationship turned from cozy to competitive and ended up in court in 2008.
“More fortunate than Goliath, eBay leaves this field with only a gash across its forehead; less fortunate than David, Craigslist leaves this field with something less than total victory,” wrote Chancellor William Chandler III of Delaware’s Court of Chancery in his opinion.
Craigslist has been keen to protect its decision-making and trade secrets after eBay launched a competing ad site, and the latest ruling will keep eBay out of the classified company’s boardroom.
Check out the ten largest U.S. retailers.
The National Retail Federation’s STORES magazine is out with its annual ranking of the top 100 retailers.
The list shows that U.S. consumers have been focused on bargains and basic necessities, such as food and medicine. Wal-Mart tops the lineup, followed by Kroger and Costco. Home Depot fell from No. 2 in 2007 to the fourth spot in 2008 as many shoppers decided to cut back on costly home-improvement projects.