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June 16, 2015 at 2:06 pm
A group of community and labor organizations is accusing Wal-Mart of inappropriately using the nonprofit Wal-Mart Foundation to help reduce local opposition to its expansion efforts in some urban areas like Washington, Boston, Los Angeles and New York. The group argued in a complaint with the Internal Revenue Service dated Monday that the Wal-Mart Foundation…
June 16, 2015 at 1:44 pm
Authentic Brands Group LLC, which owns celebrity brands such as Elvis Presley and fashion brands including Jones New York, says it completed its buyout of lingerie brand Frederick's Of Hollywood Inc. A bankruptcy court judge in Delaware approved the $22.5 million sale earlier this month. In a statement Tuesday, Authentic Brands said the deal increases…
June 15, 2015 at 3:41 pm
Alibaba is at it again, this time partnering with Brightpearl, a multichannel retail management system that was created by retailers for retailers, that will allow merchants using Brightpearl to not only source goods from Alibaba.com, but to also list them automatically on their own sales channels as well.
June 15, 2015 at 2:27 pm
CVS Health said on Monday that it had agreed to acquire the pharmacy and clinic businesses of Target for about $1.9 billion. Under the terms, CVS, which is based in Woonsocket, R.I., would acquire more than 1,600 pharmacies from Target in 47 states and operate them under the CVS brand name in Target stores. CVS…
June 15, 2015 at 2:24 pm
Hudson’s Bay Co. has a $3.9-billion (Canadian) deal — including pension liabilities — to buy German department store chain Galeria Kaufhof, industry sources say. Toronto-based Hudson’s Bay, which has been in talks for weeks with Metro AG, the parent of Kaufhof, is expected to announce the purchase as early as Monday. Hudson’s Bay was drawn…
June 15, 2015 at 2:19 pm
Michael Kors Holdings Ltd agreed to pay $4.88 million and change its sales practices to settle a class-action lawsuit claiming it used deceptive price tags at its outlet stores to fool shoppers into believing they were getting big bargains. The preliminary settlement was filed on Friday in Manhattan federal court, and requires court approval. Michael…
June 15, 2015 at 2:13 pm
Lumber Liquidators said Monday that it's fired Chief Merchandising Officer William Schlegel after serving more than four years in the position. Schlegel's last day will be Friday, the troubled flooring retailer said. He will be replaced by Chief Marketing Officer Marco Pescara, who will hold both roles. Pescara has been with the company for nine…
June 12, 2015 at 3:37 pm
New York law enforcement officials have written to eBay Inc. and PayPal Inc. this week, saying the companies revised user policies "raise issues" under consumer protection laws. The updated user agreements would allow the e-commerce company and the payments division it's spinning off to contact users by phone for offers and promotions, to collect a…
June 12, 2015 at 3:22 pm
Tuxedos are coming to Macy's. The department store chain announced a 10-year agreement with Men's Wearhouse to open tux rental shops at 300 of its stores, according to MarketWatch. Men’s Wearhouse will staff and control the tuxedo shops in Macy’s stores. Seventeen pilot tuxedo shops will open in the fall of 2015 in New Jersey,…
June 12, 2015 at 3:05 pm
Facebook's "Buy" button may be one step closer to a wider rollout, as e-commerce provider Shopify announced an expansion of its beta test with the social network. Shopify said in a blog post that it's expanding its beta test of Facebook’s buy button to “a group of U.S.-based Shopify merchants.”
