Legal
March 28, 2018 at 12:41 pm
Southeastern Grocers LLC, the Florida-based operator of supermarket chains Winn-Dixie and Bi-Lo, said on Tuesday it filed for Chapter 11 bankruptcy protection to restructure debt. The company listed assets in the range of $1 billion to $10 billion and liabilities in the range of $1 billion to $10 billion, the Delaware bankruptcy court filing showed.…
March 22, 2018 at 3:14 pm
This week, Nordstrom ended buyout discussions with possible buyers. The Seattle Times reports Nordstrom family members were apparently unwilling or unable to substantially boost their $50-a-share offer for the company that bears their name, prompting the retailer’s independent directors Tuesday to terminate buyout discussions. A board committee said in a statement late Tuesday “it could not…
March 21, 2018 at 3:21 pm
Walgreens Co. has agreed to pay $5.5 million to resolve allegations that it overcharged for prescriptions covered by the Massachusetts workers compensation insurance system. State Attorney General Maura Healey said in a statement that the "settlement ensures that Walgreens does not profit from those transactions and will help our state's ongoing efforts to combat the…
March 19, 2018 at 4:11 pm
Some of the largest brands in retail today sent a letter to President Trump outlining their concerns about the detrimental impact broadly applied tariffs could have on American families. According to the letter, members and the membership teams of the National Retail Federation, Retail Industry Leaders Association, and American Apparel & Footwear Association fought long and hard…
March 16, 2018 at 12:05 pm
A new lawsuit from Tri Huynh, a former Walmart business development executive, claims that the retailer is inflating its e-commerce sales numbers in the race to close the gap between itself and its chief rival, Amazon.com. The suit, filed this week in Northern California federal court, alleges that Walmart has been lowering its standards to boost…
March 9, 2018 at 11:54 am
In this episode of Retail Right Now, Total Retail's Joe Keenan and Caitlin Sullivan discuss the hot-button issue of online sales tax, which has been in the news recently since the Supreme Court agreed to hear the case of South Dakota v. Wayfair Inc. South Dakota is seeking the authority to collect sales tax for…
March 6, 2018 at 11:57 am
Walking Co. Holdings Inc., seller of of Birkenstock, ABEO, Merrell and other brands of comfortable shoes, filed for bankruptcy in Delaware, blaming the loss of a key contract for UGG boots for its second restructuring. The company and its affiliates, FootSmart Inc. and sportswear apparel maker Big Dog USA Inc., also filed for bankruptcy in 2009, saying it needed…
March 6, 2018 at 11:33 am
The Trump administration on Monday said states should be able to require online retailers to collect sales taxes, backing an appeal by South Dakota at the U.S. Supreme Court that could mean billions of dollars in revenue for state coffers. South Dakota is asking the justices to overturn a 1992 Supreme Court ruling that companies with no…
February 26, 2018 at 10:34 am
For online retailers, few issues are as confusing and cumbersome as understanding sales tax obligations in various states. Most companies either try to find an automated solution or stick their heads in the sand and hope for the best. In the face of this complexity, the Supreme Court recently agreed to hear South Dakota v.…
February 23, 2018 at 12:07 pm
As a result of the Tax Cuts and Jobs Act, which went into effect at the beginning of this year, a slew of marquee American businesses, like Home Depot, FedEx, Walmart and Disney, among many others, found themselves with new cash on hand and were prompted to reward their employees. Some companies paid their employees…
