Legal
July 28, 2017 at 9:56 am
Bass Pro Outdoor World, the sporting goods retailer with 82 stores, agreed to pay $10.5 million to settle a nationwide class-action case brought in Houston by the Equal Employment Opportunity Commission (EEOC), which accused the outdoor outfitter of rejecting qualified black and Hispanic job applicants and retaliating against employees who objected to the alleged practice. The…
July 28, 2017 at 9:28 am
Top Republicans driving the GOP tax reform effort have given up on border adjustment. The border adjustment proposal was a key revenue-raising plank of the plan House Republicans unveiled last year. It would have taxed imported products but let exports go untaxed. Retailers that get many of their products from overseas raised concerns about the proposal, saying…
July 26, 2017 at 10:55 am
Members of the House Judiciary Committee on Tuesday sparred over the implications of a bill that aims to take away states’ ability to collect online sales taxes. Republicans clashed within their own party and with Democrats in a hearing over whether or not H.R. 2887, the “No Regulation Without Representation” act, would help local economies or violate…
July 21, 2017 at 10:52 am
In this episode of Retail Right Now, Associate Content Editor Taylor Knight reviews the top retail news of the week, including antitrust concerns around the Amazon-Whole Foods deal, Wal-Mart's marketplace ad containing a racial slur and L.L.Bean moving away from its traditional back-to-school catalog.
July 21, 2017 at 10:04 am
RadioShack isn’t down for the count just yet — the company’s intellectual property is set to be purchased by Kensington Capital Holdings, a family investment firm located just outside of Boston, for $15 million. The consumer electronics retailer already owed Kensington Capital $23 million from a loan two years back when the investment firm partnered…
July 21, 2017 at 9:51 am
As part of its review of Amazon.com's recent purchase of Whole Foods, the Federal Trade Commission is looking into allegations that the retailer misleads customers about its pricing discounts, a source told Reuters on Thursday. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which reviewed some 1,000 products on Amazon's…
July 19, 2017 at 3:15 pm
Vice President Mike Pence told a crowd of retail leaders in Washington, D.C. on Tuesday that the best days for American retailers are ahead, according to a National Retail Federation (NRF) report. “I want to assure you that our president knows as retail goes, so goes America,” Pence told the audience of retailers at the…
July 19, 2017 at 12:37 pm
The National Retail Federation (NRF) announced today that Macy’s Executive Chairman Terry Lundgren has been elected chairman of the NRF board of directors. Lundgren replaces former HSNi CEO Mindy Grossman, who resigned from the board after leaving retail to head Weight Watchers. In addition, four new members…
July 18, 2017 at 10:41 am
Signet Jewelers, Ltd., the world’s largest retailer of diamond jewelry, has named Virginia “Gina” C. Drosos as its new CEO, effective August 1. She will replace Mark Light, who served as CEO since October 2014. Light, who has been an executive at Signet for more than 35 years, is retiring due to “health reasons,” according to…
July 18, 2017 at 9:55 am
Amazon.com’s expansion plans, including its agreement to buy Whole Foods Market Inc. for $13.7 billion, are raising hackles in Washington — and Wall Street is taking notice. A U.S. lawmaker has called for hearings on the proposed deal to consider its ramifications for shoppers and workers. Hedge-fund manager Doug Kass has taken a short position on the fast-growing…
