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Legislative, Regulatory & Legal

  • Starbucks to hire 10,000 refugees

    Starbucks Corp. is living up to its reputation as one of the nation’s most socially progressive retailers.    On the heels of President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to seven predominantly Muslim countries, the coffee giant pledged to hire 10,000 refugees to work at its stores around the world during the next five years.  

  • Walgreens, Rite Aid extend end date for merger

    Walgreens Boots Alliance and Rite Aid on Monday morning extended their previously announced definitive merger agreement under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid.   The retail pharmacy operations also restructured a new deal that would value Rite Aid at between about $6.8 billion and $7.4 billion, depending on required store divestitures, down from an initial acquisition cost of $9.4 billion.  

  • Walgreens CEO: Company in 'active discussions' to get approval for Rite Aid deal

    With the deadline for the deal set to expire Friday, Jan. 27, Walgreens Boots Alliance CEO Stefano Pessina told shareholders attending the Walgreens Boots Alliance annual meeting Thursday morning that the board of directors for both Walgreens and Rite Aid were in "active" discussions toward getting the deal approved even as the Federal Trade Commission continues to deliberate over the proposed retail pharmacy merger.  

  • Target lobbies against tax proposal

    Although it’s only one of many tax proposals being floating around, the so-called border adjustment tax has raised a red flag among many retailers.    The CEO of Target Corp., Brian Cornell, recently visited Washington to lobby against the House Republican proposal, according to Fortune, which noted the visit was first reported by Politico.  

  • Walgreens-Rite Aid deal still waiting for approval

    The much anticipated approval for the Walgreens/Rite Aid merger, through which Walgreens has proposed to pay $9.4 billion for the acquisition of Rite Aid's 4,547 stores in an effort to bolster its national footprint, did not happen by Friday morning as many had speculated.    Now there is a new countdown clock — the deal is set to expire Jan. 27 if not approved before that time.  

  • Retailer gets caught in political crossfire

    L.L. Bean has been drawn into something that it has always shied away: the political spotlight.      It all started with the news that Linda Bean, granddaughter of company founder Leon Leonwood Bean and a member of the Bean board, had made a substantial donation to a pro-Trump PAC during the president-elect's campaign. Trump then thanked Bean for her support via a tweet that ended with “Buy L.L.Bean.”     

  • Amazon settles price advertising case for more than $1 million

    Amazon is being penalized for inaccurate pricing practices on its Canadian website.    According to the Competition Bureau, a Canadian independent law enforcement agency, Amazon will pay a $1 million penalty and $100,000 towards the Competition Bureau’s costs — punishment for violating the Competition Act, a law that ensures consumers are not misled by references to inflated regular prices.   

  • Jeweler strengthens payment security

    Helzberg Diamonds is taking steps to ward off credit card fraud.   The jeweler has implemented NCR Connected Payments to mitigate payment card theft and fraud risks for its customers. The cloud-based payment solution provides data and transmission protection, from PIN pad to payment processor, reducing Helzberg’s exposure to potential payment data theft and fraud.   

  • NRF wants free speech for merchants on credit card fees

    The National Retail Federation on Tuesday called on the U.S. Supreme Court to allow merchants to freely and accurately show customers the added costs that come with paying by credit card rather than cash.  

  • Proposed Republican tax reforms would hit these retailers the hardest

    Apparel retailers might be in for tough going if proposed tax reforms pass.  
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