Content about Ethics

May 21, 2013
Regulation leads public retailer risks

Almost all of the top 100 public retailers (97%) consider federal, state and local regulations as a risk factor, according to a new analysis of 10K filings from the largest 100 U.S. public retailers by BDO, LLP.

March 29, 2013
Study: 45% of retailers have no online fraud prevention

Forty percent of retailers have no online fraud prevention in place, despite the fact that 85% consider online fraud prevention a high priority, according to a survey by ThreatMetrix, a provider of integrated cybercrime prevention solutions.

January 3, 2013
Seven Steps for Developing an Effective Compliance and Ethics Program

By Kristin Graham Koehler and Brian P. Morrissey, Sidley Austin LLP

December 27, 2012
Reducing Risk

Is your company’s selection process for a service provider exposing you to a higher degree of liability? As an expert witness of risk and liability in exterior maintenance services, I’ve reviewed hundreds of cases whose outcomes would surprise and challenge how many facility managers and property owners review Request for Proposals (RFPs) and select their service provider (SP).

December 4, 2012
NRF: Return fraud to cost retailers $2.9 billion this holiday season

Retailers will lose an estimated $8.9 billion to return fraud this year, and $2.9 billion during the holiday season alone, according to the National Retail Federation’s 2012 Return Fraud Survey.

April 24, 2012
Walmart offers response to New York Times article

In response to the New York Times article about compliance with the U.S. Foreign Corrupt Practices Act, Wal-Mart VP corporate communications, David Tovar on Tuesday made the following statement:

March 21, 2012
Data Security Breaches: A New Form of Shoplifting

By Theodore J. Kobus III, Esq., Baker & Hostetler LLP

November 10, 2011
NRF survey: Return fraud to cost retailers $3.5 billion this holiday season

Survey results released Thursday by the National Retail Federation found that fewer retailers expect return fraud rates to grow this holiday season, due in part to stronger checks and balances and to enhanced return policies.

October 18, 2011
Report: Global shrink up 6.6%

Philadelphia -- A report released Tuesday by Checkpoint Systems and the Centre for Retail Research found that global shrink has reached its highest level since it began measuring the data in 2007.

According to the Global Retail Theft Barometer, shrink is up 6.6% globally and up 6% in the United States over last year. Costs globally are $119 billion and the overall shrink rate is 1.45% of sales. Driving the increases are rises in shoplifting, employee fraud and organized retail crime rates.

October 12, 2011
ICSC stands in support of new federal online sales tax bill

The International Council of Shopping Centers released a statement that it is in support of the Marketplace Equity Act, which was introduced to Congress on Wednesday.

October 6, 2011
RILA study: Retail crimes continue to rise

A report released Thursday by the Retail Industry Leaders Association found significant increases in shoplifting and pharmacy theft, in particular.

September 27, 2011
Ex-Carter’s exec charged with fraud

U.S. prosecutors have charged former Carter’s senior VP Joseph Elles with securities fraud, according to a report by the Associated Press.

September 23, 2011
Report: Borders intellectual property sale delayed by privacy questions

A late Thursday report by Bloomberg revealed that Border Group’s planned sale of its intellectual property to Barnes & Noble was delayed due to questions regarding customer privacy.

September 13, 2011
Retail fraud incidence down, but dollar impact escalating

For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

August 23, 2011
Former Duane Reade CEO Tony Cuti gets three years in prison for fraud

Former Duane Reade CEO Tony Cuti was sentenced on Monday to three years in prison in connection with accounting fraud at the New York-based drug store chain.

June 28, 2011
Survey: Retail theft up

Retailers lost $37.14 billion to theft last year, or 1.58% of retail sales, up from 1.44% in 2009, according to preliminary results of the National Retail Security Survey.

May 16, 2011
Dillard’s to pay $50,000 in age discrimination case

Dillard’s will pay $50,000 and provide additional, unspecified relief to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the Triangle Business Journal reported.

April 15, 2011
Wal-Mart to pay $440K in ethnic harassment suit

Wal-Mart Stores has agreed to pay $440,000 to settle a federal harassment lawsuit by 10 employees who say they endured ethnic slurs and derogatory remarks on a daily basis while working at a Sam's Club store in Fresno, Calif.

April 11, 2011
Avoiding unique employment law challenges posed by the Generation Y work force

By Lonnie Giamela, Partner, Fisher & Phillips LLP

March 31, 2011
Charming Charlie opening at Patriot Place

Patriot Place shopping center, located in Foxborough, Mass., announced that Charming Charlie boutique opened March 31, its first location in Massachusetts.

March 25, 2011
Developers Diversified expands enterprise risk management commitment

Developers Diversified Realty Corp. announced Friday it has furthered its commitment to risk management with the formalization of its Enterprise Risk Management Program.

March 23, 2011
Abercrombie & Fitch goes with Accertify for fraud prevention platform

Accertify, a provider of software, tools and strategies for preventing fraud and a subsidiary of American Express, announced that Abercrombie & Fitch has implemented its Interceptas fraud prevention platform to enhance the retailer's ability to protect against credit card fraud in its direct-to-consumer business.

March 9, 2011
American Apparel founder and CEO hit with $250 million teen sex suit

Dov Charney, the controversial founder and CEO of American Apparel, has been hit with his most serious lawsuit to date.

February 11, 2011
Survey: Credit-card fraud up in United States

One-third (29% ) of consumers across eight major economies have been victims of credit-card fraud in the past five years, according to the 2010 Global Card Fraud Survey by ACI Worldwide, an international provider of payment systems.

February 1, 2011
Counter-terrorism efforts well-worth consideration by retailers

Retail is an evolving business that must constantly adapt to changing consumer demands, technologies and economic and demographic trends.

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