Legal
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…
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…
