Legal
July 5, 2017 at 11:13 am
USA Today recently published a report stating that Target, Costco, Hewlett-Packard and other big-name retailers have benefited from California port trucking companies that forced their drivers into debt, made them work up to 20 hours a day, and sometimes paid them pennies per hour. Retailers and manufacturers usually rely on subcontractors to move their products…
June 28, 2017 at 3:23 pm
The owners of Eddie Bauer are reportedly exploring a sale of the company. Reuters reported, citing unnamed sources familiar with the matter, that the active outdoor apparel company has hired investment banks Guggenheim Partners and Financo to assist. Eddie Bauer, which is owned by private equity firm Golden Gate Capital, is seeking relief from a…
June 26, 2017 at 9:05 am
This year is shaping up to be an especially tough one for retailers across the country. The current environment has resulted in many national and regional retailers closing up shop and turning to bankruptcy as a means of downsizing or liquidating. Whether the retailer has too many stores, an obsolete business model or declining sales…
June 21, 2017 at 10:03 am
Theranos Inc. has tentatively agreed to pay Walgreens Boots Alliance Inc. less than $30 million to settle a lawsuit that alleged the health tech startup breached the companies’ contract. Walgreens once hosted about 40 Theranos blood-testing centers inside its stores, allowing Theranos to get in front of many of Walgreens customers. In the suit, Walgreens…
June 16, 2017 at 11:36 am
In this episode of Retail Right Now, Executive Editor Joe Keenan talks about Gymboree's bankruptcy filing, Sears’ jobs cuts, as well as some breaking news — Amazon has purchased Whole Foods, and Wal-Mart has acquired Bonobos.
June 14, 2017 at 10:27 am
NetChoice, a trade association of internet companies and organizations, and American Catalog Mailers Association (ACMA), a trade association representing the interests of companies, individuals and organizations engaged in and supporting catalog marketing, have filed a suit to stop Massachusetts from requiring out-of-state online retailers to collect sales taxes. The groups are suing over a regulation — slated…
June 12, 2017 at 10:43 am
Children's clothing chain Gymboree filed for Chapter 11 bankruptcy protection today after retaining a turnaround firm last month to assist with its operations. The children’s apparel retailer, which also announced the departure of Chief Financial Officer Andrew North, has been in discussions with lenders since the beginning of 2017 as it grapples with a heavy…
June 9, 2017 at 9:48 am
In this episode of Retail Right Now, filmed this week at the Internet Retailer Conference and Expo in Chicago, we review the top retail news of the week, including Sears reaching an amicable resolution in its dispute with power tool supplier One World Technologies; Wal-Mart allegedly punishing workers for using sick days; and Amazon.com's Prime price…
June 8, 2017 at 11:14 am
It's rumored that members of the Nordstrom family are thinking about taking the company private to combat declining sales. Reports say shares of the company, which had a market value of $6.72 billion as of Wednesday closing, jumped as much as 18 percent in its largest gain since February 2009. The group, which owns 31.2 percent of…
June 7, 2017 at 11:53 am
Sears has resolved its dispute with One World Technologies, the maker of Craftsman tools. After blogging last month that the department store retailer threatened to sue One World, CEO Eddie Lampert recently updated the post with a note explaining the matter had been resolved. According to CNBC, Sears has been working with suppliers to try…
