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Legal
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Target Corp. will pay 47 states and the District of Columbia a total of $18.5 million as part of a settlement over its 2013 data breach. The breach compromised tens of millions of customersโ credit and debit cards, and led to the resignation of longtime CEO Gregg Steinhafel. As part of the settlement, Target willโฆ
The National Retail Federation (NRF) told Congress yesterday it should reject a proposed $1 trillion border adjustment tax (BAT) that it said would drive up prices for consumers and cost the economy jobs. In a letter to the House Ways and Means Committee, which held the hearing yesterday, NRF Senior Vice President for Government Relations Davidโฆ
Sears is preparing to file a lawsuit to stop one of its top product suppliers, One World Technologies, from restricting its supply of Craftsman power tools. One World recently threatened to back out of its contract with Sears, citing concerns about the retailer's ability to pay for merchandise, unless Sears agreed to cut back itsโฆ
Teen clothing retailer Rue21 has filed for Chapter 11 bankruptcy protection in a Pennsylvania court. Rue21 said it has entered into agreements with some of its lenders to reduce its debt and provide additional capital in support of its restructuring. The company, which operates more than 1,100 stores and has listed its assets and liabilitiesโฆ
Wal-Mart is being sued for both allegedly denying health benefits to same-sex spouses of employees as well as rejecting pregnant employeesโ requests to limit heavy lifting, climbing on ladders, and other potentially dangerous tasks. In the former suit, an employee in Massachusetts (where same-sex marriage has been legally recognized since 2004) attempted to add herโฆ
A federal judge has ordered Wal-Mart Stores Inc. CEO Douglas McMillon to submit to questioning in a lawsuit by shareholders hoping to learn what he knows about suspected bribery by the world's largest retailer in Mexico. U.S. District Judge Susan Hickey in Fayetteville, Arkansas, said McMillon's "direct and personal involvement" in matters underlying a class-action lawsuitโฆ
Welcome to another episode of Retail Right Now! Big news in the retail industry this week includes Coach's acquisition of Kate Spade, Forever 21 and Rue 21 being accused of stealing an indie brand's designs, and Amazon.com lowering its free shipping minimum to $25.
Wal-Mart will be asked to pay $300 million to settle a five-year investigation into foreign bribery activities. TheStreet reports the offer would be a fraction of the $1 billion settlement the Obama administration, the Securities and Exchange Commission, and Justice Department had sought. It's reported that Wal-Mart spent about $840 million on its own internalโฆ
Fast-fashion strikes again โฆ Los Angeles-based womenโs apparel and accessories brand Valfrรฉ is accusing Forever 21 and Rue 21 of stealing its designs. Valfrรฉโs social media followers alerted the brand of the infringement. On Friday,Valfrรฉ served โcease and desistโ demands on Forever 21 for allegedly copying the rainbow design of one of its phone cases. โIfโฆ
On Thursday, President Donald Trump issued an executive order that put 24 national monuments at risk of losing their federally protected status. Patagoniaโs CEO Rose Marcario is taking a stand against it. โWe take this as a sign that Trump and his team prefer to cater to fossil-fuel interests and state land grabs for unsustainableโฆ