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Legislative, Regulatory & Legal

  • Survey: Trump will be good for commercial real estate

    Seven out of 10 commercial real estate executives believe that the Trump administration will have a positive impact on their business in 2017.   Seyfarth Shaw, one of the most active real estate law firms in the U.S., polled 151 owners, developers, and brokers and found them bullish on the embattled President. They foresee efforts in deregulation, tax reform, and the potential dismantling of Dodd-Frank as aiding their causes.  

  • NRF and retailers to U.S. Supreme Court: Let swipe card fees ruling stand

    Payment card fees is a sore subject for the retail industry — especially with the possibility that a settlement is being revisited by parties seeking an appeal.   The National Retail Federation and the Retail Industry Leaders Associa-tion requested that the U.S. Supreme Court let stand an appeals court rul-ing that struck down a controversial 2012 settlement of a class action lawsuit over Visa and MasterCard’s swipe card fees.  

  • NRF: The nation’s labor secretary must ‘put the American economy ahead of partisan politics’

    The National Retail Federation has high expectations for the nation’s next secretary of labor.   On the heels of Alexander Acosta’s nomination to head the federal Department of Labor on Thursday, Feb. 16, the retail trade association’s senior VP for government relations David French released the following statement:  

  • Report: Man charged with attempting to plant bombs in Target stores

    Target Corp. is the central player in a drama that even Hollywood wouldn’t dream    A Florida man has been charged with plotting to bomb Target stores along the East Coast — an attempt to cheapen the company’s stock.  

  • Transforming Historic Spaces into Contemporary Retail Stores

    For a retailer, the allure of a historic building is obvious: A renovated historic space conveys a unique degree of character and a memorable and defining sense of place. It can help a brand or business stand out in a crowded and competitive retail marketplace and deliver that all-important experiential element.  

  • Report: Update on Walgreens-Rite Aid deal

    Walgreens Boots Alliance’s acquisition of Rite Aid is moving closer to getting a green light from the Federal Trade Commission.       The FTC is expected to approve the sale in the next two to four weeks, reported the New York Post, citing two sources close to the situation.   The major sticking point was reportedly the number of Rite Aid stores that need to be divested to Fred’s Pharmacy.      

  • Retail CEOs meet with Trump

    The CEOs of Gap, Best Buy, Target Corp., J.C. Penney and several other national retailers met with President Trump on Wednesday to discuss tax reform and to make their case against the so-called border tax adjustment.  

  • Trump - Nordstrom controversy heats up — is TJX next?

    Nordstrom’s decision to stop carrying the Ivanka Trump brand continues to generate controversy.      On Thursday, Kellyanne Conway, counselor to the president, endorsed the first daughter’s products during an appearance on the television show, “Fox & Friends,” saying, “Go buy Ivanka’s stuff … It’s a wonderful line. I own some of it. … I’m going to give a free commercial here. Go buy it today. You can find it online.”  

  • Investors reach $40 million settlement in Sears real estate deal

    Sears Holding Corp.’s chairman and CEO Eddie Lampert and the company's board settled a lawsuit alleging that the chief executive benefited from a spin-off deal.   The lawsuit was brought on behalf of Sears and against Lampert, other Sears directors and Seritage Growth Properties, the real estate investment trust established to acquire 235 of the struggling chain’s best stores, reported Reuters.  

  • NRF positive about 2017 sales, but potential legislation could pose a threat

    The National Retail Federation’s economic forecast for 2017 is a mostly positive one.   The association is projecting that retail industry sales, which exclude automobiles, gasoline stations and restaurants, will grow between 3.7% and 4.2% over 2016, roughly in line with last year’s 3.8% increase.     Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8% and 12%.  
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