Legal

A group of executives from big-name retailers such as Target, Gap, Walgreens and Best Buy met with President Trump on Wednesday to make their case that a Republican plan for tax reform would be detrimental to their businesses and to the wider economy. The tax proposal, known as the border adjustment, would effectively create a…

Under Armour has had a rocky start to 2017. In addition to dwindling sales and current backlash from CEO Kevin Plank's comments about the Trump administration, a federal class-action lawsuit was filed Friday accusing Under Armour of intentionally misleading shareholders about the company's financial health. Reports say that the lawsuit, which was filed in U.S.…

Gander Mountain Co. is preparing to file for bankruptcy as early as this month, according to a report by Reuters. An aggressive effort by the hunting and fishing retail chain to expand its store base failed to pull in new customers, according to people familiar with the matter. Gander Mountain wanted to address some of its…

Chief executives of some of the country's largest retailers, including Target, Gap, Best Buy and Autozone, are headed to Washington, D.C. this week to make their case that a controversial tax on imports would raise consumer prices and hurt their businesses, according to people familiar with the plan. The group of eight retail bosses will meet on Wednesday with…

The Bass Pro Shops-Cabela’s merger may be on hold. The Federal Trade Commission (FTC) has sought more information regarding the transaction, delaying the potential closing deadline. This has now jeopardized the sale of Cabela's financial arm to Capital One. Capital One agreed to pay about $200 million to originate and service Cabela's co-branded credit card…

Eastern Outfitters, the parent of discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, filed for bankruptcy protection on Sunday, the latest U.S. retailer to do so amid increased competitive pressure facing the sector. British sportswear retailer Sports Direct International has engaged in extensive talks with Eastern Outfitters to become a stalking-horse bidder in a…

GNC, the vitamin and supplement retailer, is preparing to pursue legal action against Fox Broadcasting, claiming that it suffered "significant economic and reputational damages, lost opportunities, and consequential damages" because the network rejected the brand's first-ever Super Bowl ad after initially clearing it. According to reports, the network sold GNC a 30-second spot during the…

Wet Seal LLC filed for bankruptcy protection on Thursday, following reports last week that the struggling teen apparel retailer had closed all its stores after it was unable to find a buyer. The Irving, Calif.-based company listed assets of $10 million to $50 million and liabilities of $50 million to $100 million in a filing with…

Restoration Hardware and Crate and Barrel are going head-to-head in court over trade secrets and in-store cafes. The trendy Three Arts Club Cafe operated by Restoration Hardware inside its RH Chicago Gold Coast gallery is at the center of this fight. In 2012, Restoration Hardware started developing a concept to include food and beverage services…

Shoes.com Technologies Inc., the Vancouver, Canada-based online shoe retailer, has shut down operations effective Friday, and will work with its lenders to liquidate its assets and assign some of its companies to bankruptcy. The company took its websites offline and said it had closed its two brick-and-mortar stores in Vancouver and Toronto. Previously called Shoeme.ca,…