Legislative, Regulatory & Legal

Birmingham, Ala. -- In a deal that may take it private again, Books-A-Million Inc. has given its OK to a buyout deal from the family of its original owners.

The chain reached an agreement to be acquired by a newly organized entity owned by the Anderson Family, which includes Books-A-Million executive chairman Clyde B. Anderson, for $21 million, or $3.25 a share in cash. (According to the most recent SEC filing, the Anderson family already owns 58.2% of the company).

A former chief financial officer of Walgreens is joining the board of directors at ConAgra Foods as the company deals with the interest of activist investors.

Washington, D.C. – Kids may be unhappy about back-to-school season, but importers are surely thrilled.

Import cargo volume at the nation’s major retail container ports is expected to increase 7.3% in July 2015 month from the same time last year as retailers stock up for the busy back-to-school season, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.

New York – Retailers are continuing to cut ties with real estate developer and Republican presidential primary candidate Donald Trump in the wake of his recent disparaging comments about Mexican immigrants.

Following in the footsteps of Macy’s, off-price retailers T.J. Maxx and Marshalls have said they will no longer sell branded Trump apparel and accessories. And that’s not the end of it.  

Woonsocket, R.I. — CVS Health is reportedly withdrawing its membership from the United States Chamber of Commerce over the chamber’s stance on smoking, according to The New York Times.

New York -- The top executives at Whole Foods Market have issued a mea culpa via social media in regards to an investigation that found instances of incorrectly priced products at their stores in New York City.

After initially quibbling with an investigation that found instances of incorrectly priced products at stores in New York, Whole Foods co-CEOs, Walter Robb and John Mackey offered a mea culpa in a YouTube video.

The nearly two minute video appeared on Whole Foods YouTube channel on July 1, eight days after the New York Daily News first published an article based on an investigation by the New York City Department of Consumer Affairs (DCA).

Washington, D.C. -- The National Retail Federation upped its criticism of President Obama’s proposal to extend overtime pay, saying it would turn “professionals into clock-watchers.”