Legal
December 1, 2016 at 10:16 am
Levi Strauss CEO Chip Bergh asked customers to refrain from bringing guns into its stores, even when local laws allow for it. Bergh posted an open letter to LinkedIn on Wednesday saying he was aware the move might anger some, but reassured isn't a political statement — it’s about safety. Bergh’s post comes just a…
November 30, 2016 at 11:05 am
Nasty Gal may have just been given a second chance. Boohoo, a Manchester-based fast-fashion e-tailer, has filed a certificate of incorporation of a private limited company for Nasty Gal Inc. Business of Fashion reports Boohoo has previously made many efforts to expand outside of the UK, opening pop-up shops in New York City during the…
November 30, 2016 at 9:53 am
TJX, the largest public company based in Massachusetts by revenue, plans to proceed with the Obama administration's Fair Labor Standards Act expanding overtime pay for workers, despite a judge's ruling last week that blocked the policy from taking effect. The rule, which would raise the salary threshold from $23,660 to $47,476 gradually for overtime-eligible employees, was…
November 23, 2016 at 10:30 am
A federal judge on Tuesday blocked an Obama administration rule to extend mandatory overtime pay to more than 4 million salaried workers from taking effect, imperiling one of the outgoing president's signature achievements for boosting wages. U.S. District Judge Amos Mazzant, in Sherman, Texas, agreed with 21 states and a coalition of business groups, including the…
November 17, 2016 at 10:43 am
Barricades line Fifth Avenue between 56th and 57th Streets in New York City outside of Trump Tower as protesters show their disapproval for President-Elect Trump and security personnel work to keep the area safe. World-famous retailers like Tiffany & Co. and Gucci are hurting because of the security increase. New York City Mayor Bill de…
November 16, 2016 at 11:47 am
Amazon.com is striking back. For the first time in the e-tailer's 20-plus year history, Amazon is suing merchants that are selling counterfeit items. Fortune reports the Seattle-based company filed two lawsuits in Washington on Monday, both accusing merchants on its marketplace of selling copies of products and claiming that they're legitimate. Amazon's marketplace has been…
November 14, 2016 at 11:17 am
American Apparel filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. The second bankruptcy comes as the retailer struggles to overcome years of losses and rising online competition. Separately, Canadian apparel maker Gildan Activewear Inc said…
November 11, 2016 at 10:18 am
Nasty Gal filed for Chapter 11 bankruptcy protection in the Central District of California on Thursday. The move is designed to enable the L.A.-based company to “address immediate liquidity issues, restructure its balance sheet and correct structural issues, including reducing high occupancy costs and restoring compliance with debt covenants,” the company said in a statement.…
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…
