Legal

Sears Pushes to Lease Space to Outside Retailers
September 26, 2011

Sears is in an active push to lease surplus space to other retailers. Its real estate division has listed on its website some 4,000 of its namesake and Kmart stores that have space for other merchants or retail operations to lease. According to a report, Sears has secured two lease deals, one with Western Athletic Clubs for 69,000 sq. ft. of a 273,000-sq.-ft. Sears store in Cupertino, Calif.

Michaels Settles Deceptive Ad Claims
September 21, 2011

Arts and crafts chain Michaels has agreed to pay $1.8 million in penalties after the New York state Attorney General’s office accused the company of using deceptive advertising practices to disguise regular prices as sales discounts.

Fake NY Apple Stores Told to Surrender Faux Goods
September 19, 2011

Two privately owned stores in Queens, N.Y., accused of peddling unauthorized Apple accessories have agreed to surrender any fake products in their inventories, according to a proposed settlement registered in federal court in Brooklyn.

Barnes & Noble Among Bidders Buying Borders’ Intellectual Property
September 19, 2011

Barnes & Noble has bought some of Borders’ intellectual property along with other bidders. According to Hilco Trading, the liquidation company handling the sale, multiple bidders, including Barnes & Noble, have agreed to buy $15.8 million of Borders' intellectual property, Craine’s said.

Groupon Faces Employee Suit Concerning Overtime
September 12, 2011

Hundreds of Groupon sales department employees have filed a class-action lawsuit against the company charging it failed to pay overtime. The suit demands back wages for the past three years plus punitive damages for nonpayment of overtime.

Amazon Cuts Deal on California Sales Taxes
September 8, 2011

Amazon cut a tentative deal with legislative leaders that would allow it to postpone collecting sales taxes from Californians for another year. The company in turn would drop its battle to overturn the state's new law that required it and many other out-of-state online retailers to collect the taxes.

Ex-Employee Sues Borders Over Mass Layoffs
September 7, 2011

A former Borders employee is attempting to represent a class of about 300 workers in suing the bankrupt retailer for not giving proper notice of impending mass layoffs.

J.C. Penney to Sell its Outlet Stores, Close Catalog
September 6, 2011

While many other retailers are increasing the number of outlet stores they operate, J.C. Penney is getting out of the business altogether. The retailer has reached a deal to sell 19 of its outlet stores to SB Capital. The department store chain made the decision to get out of operating the stores at the same time it is closing its print catalog business.