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RadioShack says its balance sheet remains strong
Fort Worth, Texas -- RadioShack Corp. on Friday released a statement in which it said that its balance sheet continues to be strong, with total liquidity of $820 million at the end of the first quarter. The chain released the statement the day after a report said the retailer was considering hiring a financial adviser.
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Michaels Kors files suit against Costco
New York -- Michael Kors is suing Costco Corp., accusing the chain of illegally using pictures of its pocketbooks in its ads to attract customers, according to the Associated Press. Michael Kors said Costco was not authorized to sell the designer's goods.
In a federal lawsuit, Michael Kors accused Costco of using the bags as a lure. It claimed Costco advertised the bags as starting at $99, but didn't actually have any to sell, the report said.