Legal
June 6, 2017 at 9:38 am
President Trump's proposed budget is expected to slash $193 billion from the federal government's Supplemental Nutrition Assistance Program, or SNAP, from 2018 to 2028. SNAP currently has an annual cost of around $70 billion. Should Trump's plan be approved by Congress, millions of Americans may be forced to bear the brunt of the drastic changes, with the…
June 5, 2017 at 11:47 am
A federal appeals court on Friday ordered Whole Foods Market Inc. to face a proposed class-action lawsuit accusing it of overcharging shoppers in New York City by overstating the weight of pre-packaged food in its supermarkets, according to news reports. The 2nd U.S. Circuit Court of Appeals in Manhattan said on Friday that a lower court…
June 5, 2017 at 11:02 am
A report released last week accuses Wal-Mart of routinely refusing to accept doctors’ notes and penalizing workers who need to take care of an ailing family member. The report was filed with the employment commission by a worker's group called A Better Balance on behalf of Arleja Stevens, a Wal-Mart employee who said she was…
June 2, 2017 at 9:58 am
Amazon.com is being forced to refund parents whose children made purchases on the online retailer's mobile apps without their permission. The Federal Trade Commission (FTC) announced earlier this week that the refunds could total more than $70 million. The settlement brings closure to a nearly three-year legal battle surrounding the issue of charges made between…
May 31, 2017 at 10:19 am
After seeking bankruptcy protection in April, Payless ShoeSource is preparing to launch a second round of store closings. The footwear retailer is seeking court approval to trim its retail business by closing up to 408 stores if negotiations with landlords fail to result in rent concessions. Payless is asking to close 112 stores outright, and…
May 26, 2017 at 9:40 am
On Tuesday, Brian Cornell, CEO of Target, testified against what has been dubbed the border adjustment tax (BAT) to the House tax-writing committee, as many large retailers are leery of a tax on the thousands of products they import from foreign markets. The proposed 20 percent tax on imported goods has been touted as a…
May 24, 2017 at 10:24 am
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 customers’ credit and debit cards, and led to the resignation of longtime CEO Gregg Steinhafel. As part of the settlement, Target will…
May 19, 2017 at 10:39 am
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 David…
May 17, 2017 at 12:17 pm
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 its…
May 16, 2017 at 11:11 am
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 liabilities…
