Legal
November 11, 2016 at 9:34 am
The national minimum wage is currently $7.25 an hour and hasn’t changed in seven years, but four states voted to approve ballot measures to increase their minimum wage. ABC News projected the following: Arizona will incrementally increase its state minimum wage from $8.05 an hour to $12 an hour by 2020, according to Proposition 206. Colorado will…
November 9, 2016 at 12:20 pm
Walgreen Co. sued its former lab-testing partner Theranos Inc. in federal court in Delaware, alleging it breached a contract between the two companies, court records show. The Walgreens Boots Alliance is seeking $140 million in damages. The amount relates to what the company invested in Theranos. The civil suit is alleging it was misled about…
November 4, 2016 at 3:25 pm
Join us to learn how to steer clear of the pitfalls and avoid the top tax and duty mistakes retailers make when selling cross-border.
October 28, 2016 at 1:01 pm
American Apparel is preparing for its second bankruptcy filing in as many years, according to people familiar with the situation, capping a tumultuous stretch that included tumbling sales, red ink and a split with controversial founder Dov Charney. The filing may come as soon as the next few weeks, according to the people, who asked not…
October 13, 2016 at 10:11 am
Wal-Mart is giving its managers pay raises ahead of the new federal overtime wage mandate. The retailer raised the starting salary for various managers from $45,000 to $48,500 at the start of September. The Department of Labor rule, set to go into effect on Dec. 1, raises the top salary threshold under which executive, administrative and professional…
October 13, 2016 at 9:42 am
Forever 21 is being accused of ripping off a design from label Bow & Drape. Bow & Drape created a sweatshirt that reads “hangry” and features different food items like pizza, tacos and bananas. One of the label’s founders, Aubrie Pagano, noticed a very similar sweatshirt for sale at Forever 21. Here are the two…
October 6, 2016 at 12:02 pm
A class-action lawsuit worth more than $5 million has been filed against Williams-Sonoma, accusing the retailer and its subsidiaries, Pottery Barn and West Elm, of misleading customers. The lawsuit states that Williams-Sonoma had advertised sheets as “Signature 600- Thread-Count Sateen Bedding” made in Italy of Egyptian cotton. When the sheets were analyzed by experts, they were found…
October 5, 2016 at 9:02 am
Best Buy has agreed to pay a $3.8 million fine for selling recalled products from 2010 to 2015. In total, Best Buy sold about 600 recalled items over 16 different types of consumer products. Federal law prohibits any retailer from selling consumer products that have been publicly recalled. A spokesperson for the retailer tells The Wall Street…
October 4, 2016 at 10:13 am
A federal jury has concluded that Costco Wholesale Corp. should pay Tiffany & Co. $5.5 million for selling diamond engagement rings bearing Tiffany’s name. The $5.5 million represents the amount of profit Costco made from the sale of the rings — 2,500 in total — according to the jury. However, at the trial’s beginning, Costco…
October 3, 2016 at 2:58 pm
The U.S. House of Representatives last week approved a measure to delay by six months the Obama administration's rule to extend mandatory overtime pay to more than 4 million workers, despite a White House promise to veto the bill. The House passed the legislation on a partisan vote of 246-177, with five Democrats joining 241 Republicans in favor of moving…
