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Urban Outfitters bows to pressure from anti-drug group
NEW YORK — Bowing to pressure from the Partnership at Drugfree.org, fashion retailer Urban Outfitters has agreed to pull merchandise made to look like prescription pill bottles, including prescription label flasks and pint and shot glasses, from its shelves.
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Lowe’s sees California growth in Orchard deal
Plans to acquire at least 60 stores from bankrupt Orchard Supply Hardware give Lowe’s an increased presence in California and a new small format with expansion potential.
Lowe’s said early Monday that it had entered into an asset purchase agreement with Orchard, which had filed for Chapter 11 bankruptcy, to acquire the majority of Orchard’s assets for approximately $205 million in cash and assume payables owed to nearly all of Orchard’s supplier partners.