Legal

Ikea is recalling a popular line of low-cost dressers after the deaths of three children in the past two years.

Yesterday, Trader Joe's, the popular California-based company, was the third supermarket retailer (after Safeway and Costco) in recent years to agree to put funds towards reducing refrigerator coolant leaks that deplete the ozone layer and contribute to global warming. The Los Angeles Times reports the grocery retailer will spend about $2 million to correct the…

In today’s news roundup, find out why Revlon is buying Elizabeth Arden; the reason Amazon is cutting its shipping fees for certain products; and what a new postal reform bill may look like.

Amazon.com, which has sued more than 1,000 parties for allegedly offering fake reviews for sale to post on the retailer’s website, is now going after merchants who it says paid for false testimony. In three cases filed with the American Arbitration Association, Amazon accused third-party sellers operating on its site of creating or paying for fake…

Under Armour will lose $120 million in expected sales to The Sports Authority this year as the chain liquidates in bankruptcy, the Baltimore-based brand said Tuesday. The sports apparel maker said in a Securities and Exchange Commission filing it will recognize only $43 million of $163 million in anticipated revenues from the sporting goods chain this…

Office supplies retailer Staples, which called off a deal to buy smaller rival Office Depot this month, said Chief Executive Ron Sargent will step down after the company’s annual meeting on June 14. The decision comes three weeks after a U.S. federal judge ordered to halt the deal because of antitrust concerns. “With the termination of the…

Target Corp. said the company’s restroom policy did not hurt its traffic, according to a Wednesday note published by Cowen & Co. that recaps a meeting with Target Chief Financial Officer, Cathy Smith. Target conducted data analysis and, according to the Cowen note, the company doesn't believe that the policy had an impact on traffic. “Target noted…

New rules around overtime pay will be implemented in one fell swoop across the U.S. come December. But the ripple effects are expected to be far less uniform. Instead, the change is expected to put greater pressure on those retailers with a large number of small stores in low-cost markets, where companies will be required to…

As you've probably heard by now, President Obama announced the Department of Labor’s final rule updating the overtime regulations for middle-class workers yesterday. While the White House said the ruling is expected to boost wages for workers by $12 billion over the next 10 years, it's not going over well with many business associations, including the…

A federal judge has dismissed two counts in a lawsuit the Navajo Nation filed against clothing retailer Urban Outfitters Inc. U.S. District Judge Bruce Black in New Mexico says the tribe didn't show that the "Navajo" mark is famous. Black wrote Friday that few courts have found trademarks to qualify as "famous." The legal definition must be…