Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
Sears—yes, parent of KMart, Land’s End, Kenmore appliances, and Craftsman tools—and Urban Outfitters are rumored to be peeking into the financial books of J. Crew. Wait, wasn’t the soft-preppy chain just snatched up by investment firms TPG Capital and Leonard Green & Partners LP for almost $3 billion, right before Thanksgiving last year? It turns out that J. Crew can still solicit competing offers until January 15th. However, both Sears and UO might be merely, um, curious about their rival's finances, since they gave no indications of naming a price. — Chai Lee [Business Insider]