Legal
November 20, 2018 at 11:23 am
Sears is seeking court approval to pay executives as much as $25 million in annual bonuses while the company struggles to restructure in bankruptcy. Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains in business, they could get nearly $500,000 each for hitting the top performance…
November 16, 2018 at 2:23 pm
Wedding dress retailer David's Bridal said yesterday that it will file for bankruptcy protection in the near future as it tries to deal with a heavy debt load amid changing consumer tastes in the wedding industry. The bankruptcy filing is part of a deal the retailer has reached with its lenders that will reduce its…
October 19, 2018 at 11:17 am
eBay filed a lawsuit against Amazon.com on Wednesday alleging it fraudulently poached its high-value sellers by infiltrating an internal messaging system called M2M. In the filing, eBay says its rival is "unwilling to fairly compete for third-party seller business." Amazon declined to comment on the lawsuit. eBay says the Amazon "scheme" violated its user agreement policies and…
October 19, 2018 at 9:03 am
In today’s Retail Right Now, Total Retail’s Caitlin Sullivan and Joe Keenan dive into the issues that led to Sears’ bankruptcy filing.
October 15, 2018 at 9:36 am
Sears Holdings filed for bankruptcy protection early Monday after years of staying afloat through financial maneuvering and relying on billions of CEO Eddie Lampert's own money. Lampert, who has served as CEO for the past five years, will step down from that post, effective immediately, but remain chairman. As part of the bankruptcy, Sears will shutter…
October 11, 2018 at 4:38 pm
On this episode of Retail Right Now, Total Retail's Caitlin Sullivan and Joe Keenan discuss the recent enactment of online sales tax laws by 10 more states (Alabama, Illinois, Indiana, Kentucky, Massachusetts, Michigan, Minnesota, North Dakota, Washington and Wisconsin), as well as what retailers should be thinking about and doing as online sales tax becomes…
October 8, 2018 at 1:42 pm
Specialty mattress retailer Mattress Firm late last week filed voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Delaware. The move was made, according to Mattress Firm, to "strengthen its balance sheet and optimize its store footprint." The largest U.S. mattress retailer said it plans to close 700 of its 3,230 company-owned stores. Those stores are…
October 4, 2018 at 12:05 pm
eBay has accused Amazon.com of trying to poach sellers for its own marketplace through eBay's internal messaging system, The Wall Street Journal reported yesterday. The report said that on Monday, eBay sent a cease-and-desist letter to Amazon, alleging that 50 Amazon sales agents sent 1,000-plus messages through eBay's system over the last several years in a bid to sway sellers to…
October 1, 2018 at 2:02 pm
Ten states will start collecting sales tax from out-of-state online retailers starting today, thanks to a series of new laws created in response to the South Dakota v. Wayfair case the U.S. Supreme Court decided in June. In deciding the case, the Supreme Court overturned a ruling (Quill Corporation v. North Dakota) that said the Constitution bars states from requiring…
August 31, 2018 at 12:03 pm
Google and Mastercard reportedly drafted a secret deal in which certain Google advertisers had access to data that shows if an online ad resulted in a purchase in a physical store. Bloomberg, citing four people with knowledge of the deal, reported that for the past year, select Google advertisers had access to a tool that tracks…
