Legal
July 1, 2015 at 2:30 pm
A federal appeal court Tuesday upheld a ruling charging Apple of illegally conspiring to inflate e-book prices to consumers, despite a vigorous legal battle from the company. The appeal is a win for the Justice Department which accused the gadget maker in 2012 of orchestrating an abusive e-book pricing policy with book publishers. Many of…
June 30, 2015 at 2:17 pm
President Obama announced Monday night a rule change that would make millions more Americans eligible for overtime pay. The rule would raise the salary threshold below which workers automatically qualify for time-and-a-half overtime wages to $50,440 a year from $23,660, according to an op-ed article by the president in The Huffington Post. The administration has…
June 29, 2015 at 4:17 pm
Three years after J.C. Penney was boycotted by opponents of LGBT rights, retailers have embraced the Supreme Court’s ruling for same-sex marriage. Amazing how quickly things can change. Just three years ago, J.C. Penney found itself embroiled in controversy when it featured gay couples in its new glossy mail-outs, part of its failed strategy under…
June 26, 2015 at 3:21 pm
The ousted CEO of The Children’s Place, who two years ago launched his own chain of children’s clothing pitched as “obtainable luxury,” has ended his effort with the company’s bankruptcy. Ruum American Kid’s Wear, started by Ezra Dabah, the former chairman and CEO of The Children's Place, has filed for Chapter 7 bankruptcy liquidation —…
June 26, 2015 at 3:00 pm
Abercrombie & Fitch agreed to pay more than $158,000 and be monitored for two years as part of a settlement agreement with the U.S. Department of Justice over allegations that it discriminated against a non-U.S. citizen when it required her to present a green card. The Columbus, Ohio-based company agreed to pay the woman $3,661…
June 26, 2015 at 2:52 pm
The Retail Industry Leaders Association (RILA) is calling on Congress to make “much needed” changes to the Affordable Care Act (ACA). The move comes in response to the Supreme Court of the United States’ ruling Thursday upholding subsidies provided through ACA.
June 24, 2015 at 1:41 pm
After getting fired from American Apparel in December for “alleged misconduct and violations of company policy,” former CEO and founder Dov Charney is not going down without a fight. The company is now responding to a recent slew of defamations lawsuits he’s filed against it, outlining some pretty graphic allegations in recent court filings. American…
June 17, 2015 at 3:59 pm
The Marketplace Fairness Act failed to secure Congressional approval again last year, but was reintroduced in the Senate in March. This week, a different version surfaced in the House. Utah Rep. Jason Chaffetz introduced the Remote Transactions Parity Act of 2015 on Monday. Retail groups including the National Retail Federation (NRF) and Retail Industry Leaders…
June 17, 2015 at 3:52 pm
Anna’s Linens Inc. in Costa Mesa, Calif. filed for Chapter 11 bankruptcy protection on June 14 with the U.S. Bankruptcy Court, Central District of California. The home goods retailer is also negotiating a sale with DW Partners LP in New York. Anna’s Linens said in its bankruptcy filings that its liabilities range between $100 million…
June 15, 2015 at 2:19 pm
Michael Kors Holdings Ltd agreed to pay $4.88 million and change its sales practices to settle a class-action lawsuit claiming it used deceptive price tags at its outlet stores to fool shoppers into believing they were getting big bargains. The preliminary settlement was filed on Friday in Manhattan federal court, and requires court approval. Michael…
