Legal
Joyce Leslie, a 69-year-old women’s clothing retailer with 47 stores in the New York metropolitan area, has filed for Chapter 11 reorganization. The company lacks a “sophisticated e-commerce platform” to compete in today’s market, it said in court papers.
Troubled retailer American Apparel Inc. has received a takeover bid of more than $200 million from an investor — part of a plan that would return ousted Chief Executive Dov Charney back to the company, according to a person familiar with the situation. The Los Angeles clothing manufacturer, which filed for Chapter 11 protection in October,…
Wal-Mart Stores, the world's largest retailer, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used to commit three murders. The lawsuit, filed in Philadelphia by families of the victims, seeks compensatory and punitive damages from Wal-Mart and several employees at its Easton, Pennsylvania,…
As the nation’s retail pharmacies move deeper into the business of providing healthcare services, they now want pharmacists to be paid by Medicare to immunize the nation’s seniors. Under legislation that's gaining rare bipartisan support and momentum in the U.S. House and Senate, particularly for a Congressional health bill, pharmacists would be paid to administer…
Staples offered to give up $1.25 billion in commercial contracts to acquire Office Depot, but federal regulators have rejected it, the company said Monday. The Federal Trade Commission, which is suing to stop the $6.3 billion merger, declined comment on Staples’ claim. Staples said it will continue its court fight to acquire its competitor headquartered…
Trade officials of the United States issued a warning to China-based Alibaba Group Holding again, as complaints continue to come in from brand owners regarding the proliferation of counterfeit goods on the e-commerce giant's online sales websites. A report released by the U.S. Trade Representative on the topic of piracy in global markets said that…
Congress introduced a new spending bill this week that could avert a government shutdown, and it could also spell relief for eBay and its sellers. eBay has been urging sellers to write to Congress opposing two bills that would require online sellers to collect sales tax even in states where they don't have nexus: the…
If UPS has its way, it could cost more to ship a package through the U.S. Postal Service. The shipping giant is petitioning federal regulators to force the Postal Service to adjust the way it calculates its costs, arguing that the agency is using the proceeds from its monopoly First Class mail to subsidize the…
The National Retail Federation yesterday called on Congress to reject a customs reauthorization bill set for a vote this week unless it includes a provision allowing states to require online merchants to collect sales tax the same as local stores.
U.S. officials on Wednesday sued J.C. Penney, accusing the retailer of deceiving consumers by advertising textile fiber products as containing bamboo and bamboo fiber, when they actually contain rayon. According to a complaint filed by the Department of Justice and Federal Trade Commission, J.C. Penney in "numerous instances" deceptively advertised products such as men's socks,…