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Legislative, Regulatory & Legal

  • Ritz Camera to go out of business

    New York -- Ritz Camera & Image LLC plans to go out of business after 94 years and close its remaining 137 stores after it failed in a bankruptcy auction to find a buyer to keep the camera chain afloat, the Chicago Tribune reported.

    U.S. bankruptcy judge Kevin Gross in Wilmington, Del., approved a plan to turn over most of Ritz's assets to Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC.

  • NRF seeks to block swipe fee suit settlement

    WASHINGTON — The National Retail Federation is set to go to court in order to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over Visa and MasterCard credit card swipe fees.

  • NRF seeks to block swipe fee lawsuit settlement

    Washington, D.C. -- The National Retail Federation announced that its board of directors has authorized the Federation to go to court to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over skyrocketing Visa and MasterCard credit card swipe fees that cost consumers hundreds of dollars a year.

  • Walmex same-store sales rose 4.1% in August, beating Street

    Mexico City -- Wal-Mart Stores’ Mexican arm Wal-Mart de Mexico reported Monday that same-store sales for the month of August rose 4.1%, beating analysts’ expected 2.8% increase.

    The retailer, which is being investigated for bribery to expedite store openings, projects improved results for the second half of the year.
     

  • Stop & Shop brings fuel savings to N.J. customers

    PURCHASE, N.Y. — Stop & Shop has expanded its gas rewards programs to customers in New Jersey.

  • Import cargo to increase 8.5% in September as strike worries mount

    WASHINGTON — Import cargo volume at the nation’s major retail container ports is expected to increase 8.5% in September compared with the same month last year, and strong increases are expected into the holiday season despite talk of a possible strike at East Coast and Gulf Coast ports, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

  • Mississippi high court rules Wal-Mart not responsible for selling ammo to minor

    Jackson, Miss. -- The Mississippi Supreme Court has ruled 5-4 that Wal-Mart Stores Inc. is not liable for selling bullets to an underage customer who then used the ammunition to commit murder.

    The lawsuit was filed by the relatives of Robert Williams, who was shot and killed by his girlfriend's son in 2006. The son, Xavier Zurndell Moore, was 20 years old at the time, and shot Williams with ammunition purchased at a local Walmart store. Federal law requires that a person be 21 to buy pistol ammunition.

  • Costco founder’s politics at odds with some members

    Costco co-founder and former CEO Jim Sinegal appeared on CNBC Wednesday morning to offer a preview of his speech last night at the Democratic National Convention and explain why he supports the re-election of president Barack Obama.

  • Previewing a lease helps prevent headaches

    “Who agreed to this language?”

    How many times have each of us been handed leases containing  terms which cause us to   ask , “Where did these provisions come from?” or “This is the first time I’ve seen these stipulations, did the transactions group understand the costs of compliance?” The answer is: probably more times than we’d like to recall.

  • Closeout veteran named CEO at Tuesday Morning

    Leading closeout retailer Tuesday Morning named Brady Churches as CEO three months after the departure of former CEO Kathleen Mason.

    According to the operator of 850 stores, the board was searching for what it called a "master merchandiser," and believed Churches’ track record of merchandising excellence, combined with his high-energy, entrepreneurial mindset would serve Tuesday Morning very well.

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