Legislative, Regulatory & Legal

New York – Investment fund Trian Fund Management LP has reportedly reduced its stake in Family Dollar Stores Inc. from 7% to a little more than 2%. According to the Wall Street Journal, the fund, headed by activist investor Nelson Peltz, had publicly supported the Family Dollar-Dollar Tree merger.

Triad has an executive on the Family Dollar board. The SEC has confirmed Family Dollar shareholder approval of the Dollar Tree merger.
 

The Retail Industry Leaders Association (RILA) says retailers support a strong pre-emptive federal data breach law that allows for reasonable and clear notice triggered by potential customer harm.

In testimony this week before Congress, Brian Dodge, executive VP at RILA, will focus on retailers’ priority of supporting a strong preemptive federal data breach law that allows for reasonable and clear notice triggered by potential customer harm.

Arlington, Va. - The Retail Industry Leaders Association (RILA) will testify Tuesday, Jan. 27 at the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade hearing, “What are the Elements of Sound Data Breach Legislation.” In his testimony, Brian Dodge, executive VP at RILA, will focus on retailers’ priority of supporting a strong preemptive federal data breach law that allows for reasonable and clear notice triggered by potential customer harm.

With the Internet of Things (“IoT”) comes yet another technology-driven advancement that challenges businesses with promising opportunities and potentially vexing responsibilities. In particular, manufacturers and retailers who plan to sell (or are already selling) IoT devices increasingly face consumer questions about data security and privacy.

Fort Worth, Texas - RadioShack Corp. announced that it received a continued listing standards notice from the New York Stock Exchange (NYSE) on Jan. 15. The retailer received the notice because its average market capitalization was less than $50 million during a period of 30 consecutive trading days and stockholders' equity of the company was below $50 million.

Salt Lake City – ReposiTrak,a leading provider of Compliance Management and Track & Trace solutions for food safety exclusively endorsed by FMI and ROFDA, said that W. Lee Flowers and Company, which operates or supplies 90 IGA / KJ’s Market and independent supermarkets in the Carolinas and Georgia, has chosen ReposiTrak to manage their food safety-related risk.



New York -- After months of delay and a failed bid by Dollar General, Family Dollar shareholders agreed to be acquired by Dollar Tree in a deal that creates a combined company with more than 14,000 locations, estimated annual sales of $19 billion and compelling growth opportunities.

Approval of the deal creates a new competitive dynamic in the world of extreme value retailing with the combination of Dollar Tree and Family Dollar making for a more formidable competitor to Dollar General and its nearly 12,000 stores.

Mississauga, Canada – Wal-Mart Canada will open 11 supercenters across the country by Jan. 29, 2015, completing its expansion for the company's current fiscal year. Walmart Canada's total store count will be 394 stores, including 280 supercenters and 114 discount stores.