Legal
Michaels has removed the PIN pad tampering threat from its U.S. stores and believes it's identified the time frame that customer information was exposed. Based on the latest information available, exposed PIN pad transactions occurred from Feb. 8 through May 6, the date Michaels disabled the tampered devices.
The online eyeglasses seller who terrified customers in the hopes of creating buzz about his website, and raising the profile in ches, pleaded guilty to two counts of sending threatening communications, one count of mail fraud and one count of wire fraud. sear
Harry & David, which filed for Chapter 11 in March, asked the court for permission to hire a real estate consultant to help close 50 of its 122 stores. The company seeks approval to hire DJM Realty Services, a subsidiary of the Gordon Brothers Group.
In an attempt to win exclusive rights to use its name in Canada, Target is asking a Canadian court to impose a preliminary injunction against Canadian retailer Isaac Benitah and his company, Fairweather, which owns 15 stores across Canada called Target Apparel and has a logo similar to that of Target.
Susie's Deals, a 70-store apparel retailer offering heavy discounts on men's, women's and children's clothing, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Riverside, Calif. after more than 35 years in business.
Overstock.com has acquired the naming rights to the Oakland-Alameda County Coliseum for a reported $7.2 million. The Coliseum is now known as Overstock.com Coliseum. The six-year deal covers the stadium facility that is home to both the NFL's Oakland Raiders and the MLB's Oakland Athletics.
Dick Durbin (D-Ill.) is about to propose sweeping legislation that would impose a tax on all online purchases in a move aimed at closing states' budget shortfalls. Durbin's bill, dubbed the Main Street Fairness Act, intends to push online retailers to collect state sales tax on items purchased out of state. For more than a decade internet shoppers have enjoyed a sales tax holiday as a result of sales tax moratoriums established in 1998 to foster growth in the digital sales business. But with e-commerce businesses like Amazon.com no longer fledgling entities, and with states' budget deficits growing, imposing an e-commerce sales tax has become a hot-button issue.
Hawaii lawmakers are looking for creative ways to tax online shopping, either by requiring internet sellers to hand over customer information to the government or by enrolling in a multistate program in which websites voluntarily collect taxes.
American Apparel's latest financial savior isn’t worried about recent allegations that CEO Dov Charney sexually assaulted a group of his female employees. Michael Serruya, who last week managed to save American Apparel from defaulting on its debt covenants, said he thinks the sexual assault case against Charney is an attempt to take advantage of his bad image.
J.Crew was sued for naming its "Duquette leopard print sweater" after Tony Duquette, an interior designer known for his use of leopard print on wallpaper, fabric and furniture. Although Duquette died in 1999, his company continues to splash spots everywhere via his successor, Hutton Wilkinson, who has accused J.Crew of trademark infringement.