Legal
March 7, 2011
Sears Holdings has joined other retailers, including Barnes & Noble, in inviting Amazon.com affiliates to work with its brand following Amazon's response to recent legislation related to collected taxes on e-commerce purchases.
March 4, 2011
Family Dollar Stores said its board rejected a takeover bid by an activist investor, saying it "substantially undervalues the company." In February, Nelson Peltz's Trian Fund offered $55 to $60 per share for Family Dollar.
March 3, 2011
Discount retailer Loehmann's said it's emerged from bankruptcy protection, which it sought in November after its Dubai government-linked owner failed to reach a debt-extension deal with creditors.
March 3, 2011
Wal-Mart has made a push to capitalize on Amazon’s ongoing tax troubles in California, by reaching out to the online retailer’s business partners. In a public statement, Wal-Mart said that it was “committed to supporting the affiliate programmes which help to drive Walmart.com's online business.”
March 2, 2011
J.Crew will once again be a private company after shareholders approved a $2.86 billion deal for the retailer to be acquired by TPG Capital and Leonard Green & Partners.
March 2, 2011
Amazon has threatened to sever ties with more than 10,000 affiliates in California amid a dispute with the state over proposed taxation of internet purchases. Four state proposals aimed at forcing Seattle-based Amazon to collect taxes from residents may be unconstitutional and lead to job losses, Paul Misener, Amazon’s vice president for global public policy, wrote in a letter to the California Board of Equalization.
February 23, 2011
Blockbuster has agreed to be purchased by a group of debt holders for as much as $290 million as part of a bankruptcy auction, according to Businessweek.com.
February 23, 2011
According to the National Retail Federation's 2011 Tax Returns Consumer Intentions and Actions Survey, 13.2 percent of Americans will spend their refund on a big-ticket item. But with the economy also serving as a reminder that it’s best to be financially prepared for the worst, more people will also put their refunds away for a rainy day.
February 21, 2011
The rapid growth in internet sales is great for online retailers, but it's bad news for state and local governments as many online purchases don’t have any sales tax attached to them. Long before the internet was on anybody’s radar, the Supreme Court ruled that states couldn’t require that retailers without a physical presence in a state, like mail-order companies, charge sales tax on their behalf.
