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Legislative, Regulatory & Legal

  • Report: FTC ready to block Staples, Office Depot deal

    The Federal Trade Commission is poised to block Staples Inc.’s proposed take-over of rival Office Depot, according to the New York Post.

    The newspaper reported that federal regulators are "leaning against the deal and are preparing to block it."

    According to the report, the FTC is mostly concerned that a merger between the two office supply retailers will result in a single nationwide giant to serve big corporate and government clients.

    The FTC has until Dec. 8 to decide whether to sue to halt the deal after extending its review.

  • Report: Judge OKs sales of 47 Haggen stores

    Haggen has received approval from a federal bankruptcy court to sell 47 stores. Included in the sale are 33 supermarkets to Albertsons LLC, which formerly owned the stores. Albertsons sold the stores to Haggen just less than 12 months ago.

    Click here to read more.

  • NRF: Data security looks good for holidays

    As the holidays approach, retailers face issues like longer wait times to process EMV-compliant cards, the threat of the newly identified ModPOS malware, and the need to go beyon

  • Retailer Sparks Controversy

    There has been a bit of controversy lately regarding Urban Outfitters’ recent request that some of their salaried employees “volunteer” to fill normally hourly roles in fulfillment centers and retail outlets.

  • IRS offers safe harbor for store repairs, eliminating tax compliance confusion

    The Retail Industry Leaders Association on Thursday welcomed a <a href="http://email.prnewswire.com/wf/click?upn=uefwbvtS7tB-2BrQMPmejiN4fTeYquc3oBa2KlQm0WlEyxQZnrWbSSmbDeaQc3u1U-2BV326b96v8efIzWwvTp88Px8z9SYhH0tfZoMcXNV4A6c-3D_4IBsk1o2j7dj6HmhC-2FQ7Vkc6PF15rC46rSHZ95WWe0BYx0l3bKauNZIqcTP8E6CfMkBbWsId11awP5VfunZkXaoKziYNajexreYN2PVnS2-2F3K0J9UttAaj-2BVkf6HqqxzLJP6nBDUCKhyXtEvKzBRNdQYDe69VHFGzBXxzYf7Y5D6Axcllx2-2BZ5H16Urhk1r1NUgovJOBSXfTM-2B2DBdmPfSZDfgWBANhS5CqPKfUwnHt855CITvWIkWaOqCIRoKi1sI-2BOrVTiJM9UUjbhTEU8tI70NIY8C5D8q9iXO3Jwgr-2BUixP5mBtqgZQpz0XiIrxoPNfhBTtXAi659Mbw-2FBSoxQ-3D-3D" tar

  • Specialty grocer stocks up on supply chain compliance

    Bristol Farms, a 13-store specialty grocery chain, is making food safety a priority.

    The Carson, California-based retailer has selected technology from ReposiTrak Inc. to manage regulatory and business documentation compliance within its supply chain.

  • Staples profits, sales still on the decline

    Staples says its reinvention is on track despite a disappointing financial performance in the third quarter.

    For the third quarter ended Oct. 31, Staples reported a profit of $198 million. Same-store sales decreased 2%. On a per-share basis, the Framingham, Massachusetts-based company said it had profit of 31 cents. Earnings, adjusted for non-recurring costs, came to 35 cents per share. The results matched Wall Street expectations. Revenue was $5.59 billion, which fell short of Street forecasts.

  • WP Glimcher CEO named to NAREIT 2016 executive board

    Columbus, Ohio -- WP Glimcher announced CEO Michael P. Glimcher has been named to the National Association of Real Estate Investment Trust’s (NAREIT) 2016 executive board. Glimcher previously served as chair of NAREIT’s Audit/Investment committee.

  • CFO Survey: Technology capital spending to drive 2016 financial plans

    Data security, systems upgrades and healthcare reform rank among the top concerns for corporate financial decision makers.

    That’s among the key findings of a survey by TD Bank, which also reveals that CFOs plan to significantly increase their company's capital spending in 2016. Respondents cited three main keys areas of capital spending for 2016: technology (58%), existing facilities (44%) and data security (41%.

  • Report: Fast-food CEO says company will adjust to wage increases

    The CEO of Popeyes, Cheryl Bachelder, believes it’s time to move past the debate involving minimum wage increases, Fortune reported. “We will adjust to increased costs just like we have before. Life will go on,” Bachelder said. [Fortune]

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