Legal
April 3, 2017 at 11:59 am
Gander Mountain has agreed to a stalking horse bid for its assets as it looks to remain in business. A joint venture comprising Boston-based investment firm Gordon Brothers and retail specialist Hilco Merchant Resources made the bid, which was filed in U.S. Bankruptcy Court. A stalking horse bid sets the bar for a sale, but…
April 3, 2017 at 11:40 am
The president of Japanese clothing retailer Uniqlo threatened to close its U.S. stores if President Donald Trump creates a policy that forces the company to manufacture its products in the United States. Speaking in New York last week, Tadashi Yanai, chairman and president of Fast Retailing, which owns Uniqlo, said he would “withdraw from the…
March 29, 2017 at 10:45 am
Reports say electronics retailer RadioShack may lay off as many as 150 people and close its Fort Worth, Texas headquarters as part of its bankruptcy procedures. The layoffs are expected to come in late May and are part of an effort to "reorganize and emerge from bankruptcy as an ongoing business," the company said in a…
March 28, 2017 at 11:12 am
Popular online fashion company LuLaRoe says it has fixed the problem that led to a class-action fraud lawsuit and issued refunds, but plaintiffs attorneys object to the company's actions and are moving forward with the case. Rachael Webster filed her complaint Feb. 17 in the U.S. District Court for the Western District of Pennsylvania, alleging LuLaRoe…
March 24, 2017 at 11:55 am
Neiman Marcus has agreed to pay $1.6 million to settle a data breach class-action lawsuit in Illinois federal court. Court documents show the Dallas-based luxury retailer filed the settlement agreement last week, seeking approval from a federal judge in Chicago where the lawsuit was filed in March 2014. The settlement would cover damages to any…
March 24, 2017 at 11:40 am
Amazon.com on Thursday won more than $1.5 billion in a tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. The IRS case involved "transfer pricing," which arises when different units of multinational companies transact with each other. Amazon argued that the IRS overestimated the value of "intangible"…
March 23, 2017 at 12:25 pm
Discount shoe store Payless is struggling. USA Today reports the retailer has been rumored to be seeking bankruptcy court protection and may close as many as 500 stores. Payless plans to shut down the stores as part of its reorganization strategy. While 500 stores closing is a lot, it's less than the original estimate of 1,000 stores.…
March 21, 2017 at 11:55 am
San Francisco fashion boutique Modern Appealing Clothing has sued Ivanka Trump's company over unfair competition. The class action lawsuit was filed in San Francisco Superior Court last Thursday. The lawsuit claims Ivanka Trump Marks, LLC, has gained an unfair advantage in the marketplace "from Donald J. Trump being the President of the United States and from Ivanka…
March 20, 2017 at 11:33 am
Wal-Mart was granted a patent this week for a system in which drones would shuttle products between different departments inside its stores. This scenario would free customers from having to walk across its stores to find what they want and from having to wait while employees return from far-away storerooms. Ultimately, Wal-Mart believes that drones “can…
March 17, 2017 at 10:29 am
Coachella Music Festival is suing Urban Outfitters in federal court, alleging the retailer has been selling items using the Coachella name without permission. Coachella, a weeklong music festival in Indio, Calif. that attracts hundreds of thousands of people, claims that Urban’s Free People brand is "trading on the goodwill and fame" of the Coachella brand. Free…
