Legal

Walmart has reportedly sued Capital One to end a four-year-old credit card partnership. According to published reports last week, the retail giant accuses the bank of failing to live up to its customer care standards. The companies announced a partnership in 2018, though it didn’t go into effect into the following year. The collaboration made Capital One the exclusive issuer…

Online retailer Boxed became the latest company that's gone public via merging with a special purpose acquisition company (SPAC) to file for bankruptcy. Founded in 2013 as an online bulk retailer, Boxed said on Sunday that it's filing for Chapter 11 bankruptcy protection and will execute a sale of its Spresso software business to its first-lien…

Some retail organizations are seeing significant setbacks as a result of the collapse of Silicon Valley Bank (SVB). Toy e-commerce startup Camp, for example, sent an email to customers on March 10 that said it was slashing prices and would use the sales to help fund its continued operations after much of its money was tied up in…

Off-price home good and décor retailer Tuesday Morning announced it's filing for Chapter 11 bankruptcy protection. The company is "pursuing a financial and operational reorganization to enable it to reduce its outstanding liabilities, obtain significant and necessary capital, and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner," according to a…

Papa Bear violated the Telephone Consumer Protection Act (TCPA) and is now embroiled in a class-action lawsuit. Build-A-Bear-Workshop, a chain retailer that enables buyers to adorn their stuffed animal with accessories of their choice, allegedly sent multiple text messages to consumers whose numbers are listed on the National Do-Not-Call Registry. Bad bear. Perhaps Papa Bear…

Nike is accusing the yoga lifestyle and apparel brand lululemon of infringing upon some of its shoe designs, according to a lawsuit filed Monday in New York's U.S. District Court. Canada-based lululemon launched its first footwear collection in March 2022, with women's shoes available first and men's shoes debuting in 2023, according to a press…

Serta Simmons Bedding, the Georgia-based mattress company, filed for Chapter 11 bankruptcy on Monday, saying the move is an attempt, in part, to reduce the company's debt. The company, owned by private equity firm Advent International, said it's "operating as normal" — it earmarked $125 million in financing to keep operating — and the restructuring…

Party City has filed for Chapter 11 bankruptcy protection in a bid to restructure its heavy debt load and keep its doors open after supply chain woes, rising inflation and a consumer slowdown took a chunk out of sales, reports CNBC. The party supplies retailer has secured a $150 million bankruptcy loan and will seek approval to use…

The topic of consumer protection in buy now, pay later (BNPL) has been heating up as regulators around the globe are turning their attention to the industry. The U.S. Consumer Financial Protection Bureau's (CFPB) recently announced plan to regulate legacy BNPL lenders like they do credit card companies is good news for consumers. But hidden…

In a settlement with the European Union, Amazon.com on Tuesday agreed to make changes to how it does business, promising to address allegations that it was using independent sellers' data to its advantage. The European Commission, the E.U.'s executive arm, said in a news release on Tuesday that Amazon would stop using nonpublic information it gathers…