Now that the price fixing case against Apple and has presumably endedOpens in a new window authors and booksellers are out to turn the tables on Amazon, the whistleblower that first called the Big Six and Apple's price fixing scheme to the Department of Justice's attention. On Monday Authors United, the Authors Guild, the Association of Authors' Representatives, and the American Booksellers Association wrote several lettersOpens in a new window to the DOJ with their concerns that Amazon is leveraging its power as a monopoly to control prices and limit competition within the book industry. Authors United (AU), as some may remember, was formed during the long-standing Amazon-Hachette dispute in 2014. AU petitioned Amazon to lift the sanctions on Hachette titles which were often buried on retailer's site. When the dispute ended, AU promised to make Amazon's monopolistic practices known to the DOJ.
As the holiday season approaches, the parent company of Sears and Kmart has secured a $250 million lifeline and announced plans on Thursday to shut another 96 stores.
That will leave the business with 182 locations. The financing came from lenders that include owner Eddie Lampert.
Transformco added it is taking the steps to focus on its “competitive strengths.” But it faces “a difficult retail environment and other challenges.”
more at: https://www.cnbc.com/2019/11/07/sears-owner-gets-250-million-lifeline-says-it-will-shut-another-96-stores.html