Legal
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…
July 14, 2017 at 11:36 am
In this episode of Retail Right Now, Caitlin Sullivan reviews the top retail news of the week, including Amazon Prime Day, what retailers tried to compete with the big sale and lululemon's lawsuit against Under Armour.
July 13, 2017 at 10:10 am
Lululemon is suing competitor Under Armour over a sportswear design. The athletic wear company filed a lawsuit in Delaware against Under Armour for patent infringement relating to lululemon's Energy Bra. Currently, the lululemon design below retails at $52 dollars, while Under Armour's product, using a similar design, is selling for between $20 and $40. In a…
July 12, 2017 at 9:59 am
Gymboree Corp. plans to close 350 stores as it restructures in bankruptcy, the company said earlier this week. Store closing sales are scheduled to begin on July 18, and most of the stores targeted for closure are Gymboree and Crazy 8 locations. The children’s apparel retailer will have more than 900 locations after the 350…
July 7, 2017 at 10:59 am
This episode of Retail Right Now features the week's biggest retail news, including True Religion filing for bankruptcy protection, Kroger suing Lidl for trademark infringement, and QVC buying its chief competitor, HSN.
