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Legislative, Regulatory & Legal

  • Fitch Ratings: RadioShack’s cost-cutting not likely to prevent debt restructruing

    NEW YORK--(BUSINESS WIRE)--Fitch Ratings believes that the massive cost cutting plan outlined today by RadioShack is likely not sufficient to forestall a restructuring of the company's debt in the near term. Fitch currently rates RadioShack Corporation's (RadioShack) Long-term Issuer Default Rating (IDR) 'C'. A full list of ratings is shown below.  

  • Commentary: Don’t buy into the hype—EMV is not a security “catch-all”

    By Joe Majka, Verifone   President Obama’s BuySecure Initiative sets the U.S. Government on track to adopt chip and PIN payment security, parallels - and seeks to encourage - a commercial industry shift toward EMV card technology.    

  • Insights: Supreme Court Win for Employers

    By Patrick Bannon, Rebecca DeGroff,  Noah Finkel, Richard Alfred (Seyfarth Shaw LLP)    The Supreme Court has unanimously that the Fair Labor Standards Act does not require employers to pay employees for time spent passing through post-shift security screening.  

  • Report: Wal-Mart China hid real performance, inflated sales

    New York - Wal-Mart Stores Inc. has reportedly discovered discrepancies in accounting practices its China business was using that made performance look better than it really was. According to Bloomberg, shifty accounting practices included making unauthorized bulk sales to other retailers and even booking non-existent sales. 

  • Report - Starboard Value increases stake in Staples

    New York – Activist investor fund Starboard Value has reportedly purchased a 6% stake in Staples Inc. and upped its ownership of Office Depot from 8.6% to 10%. According to the Wall Street Journal, Starboard Value may be positioning itself to pressure the two office supply retailers to merge.  

  • SC Johnson chief talks transparency

    SC Johnson chief talks transparency SC Johnson CEO Fisk Johnson said his company wants to “lay it all out there” when it comes to transparency and greater disclosure in the consumer goods industry.

    Speaking at the 2014 Consumer Specialty Products Association (CSPA) annual meeting, Johnson discussed the critical need for the industry to build trust so families can feel comfortable with and believe in the products they bring home. He also said the industry should be clear and fact-based in environmental discussions, and advocate for better regulation.

  • NRF: Imports will slow in December as holiday rush ends

    Washington, D.C. - Import cargo volume at the nation’s major retail container ports is expected to continue to slow down in December. According to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates, import volume at U.S. ports covered by the Global Port Tracker report is expected to total 1.37 million containers this month as the holiday shipping cycle winds down.   

  • House approves bill to help retailers with remodeling costs

    New York - The House has passed a long-delayed tax bill that will help retailers remodel their stores and also move a wide range of individuals including welfare recipients and veterans into the workforce. The Tax Increase Prevention Act of 2014 now heads to the Senate.   The package includes two key provisions on depreciation that affect retailers who remodel their stores and another that helps with hiring.  
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