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Legislative, Regulatory & Legal

  • Walmart makes good on threats to pull plug on three D.C. stores

    NEW YORK — Walmart is ditching plans to build three stores in Washington, D.C., after the city council passed a bill on late Wednesday setting a higher minimum wage for large retailers.

    “This was a difficult decision for us — and unfortunate news for most D.C. residents — but the council has forced our hand,” said Wal-Mart spokesman Steven Restivo in a statement released after vote, which passed 8 to 5.

  • Office Depot, OfficeMax shareholders OK merger

    New York -- Office Depot and OfficeMax Inc. on Tuesday moved one step closer to becoming one company as their shareholders voted to approve the merger between the two office supply rivals.
     

  • Beware the Tolls of Patent Trolls

    By Christopher Demetriades, [email protected]

  • Walmart will cancel three D.C. stores if wage bill passes

    New York -- Walmart confirmed in an op-ed in the Washington Post that it will pull the plug on three planned stores in the Washington, D.C., area if the D.C. Council passes a bill setting a higher minimum wage for large retailers. The bill, the Large Retailer Accountability Act (LRAA) of 2013, is scheduled for a vote on Wednesday.

  • If wage bill passes, Walmart will cancel three D.C. stores

    NEW YORK — Walmart confirmed in an op-ed in the Washington Post that if the D.C. Council passes a bill setting a higher minimum wage for large retailers, it will pull the plug on three planned stores in the Washington, D.C., area. 

  • Shaw’s plans six store closings

    West Bridgewater, Mass. -- Shaw’s plans to close six stores operating under its namesake banner by Aug. 3. The locations targeted for shuttering include four stores in the Massachusetts towns of Fall River, Fairhaven, Stoughton, and Taunton and two stores in the Rhode Island towns of Westerly and Woonsocket.

  • Belle Foods to close 13 stores

    New York -- Belle Foods plans to close 13 stores by Aug. 3, including six in Alabama, according to a report by the Birmingham Business Journal. The shutters are part of a reorganization following the chain’s Chapter 11 bankruptcy filing.

    Of the 13 store closures, 12 are Food Worlds and one is a Piggly Wiggly.

     

  • Office Depot prepares for its annual meeting

    BOCA RATON, Fla. — Office Depot has nominated former president and CEO of Collective Brands Michael J. Massey to its board. If elected, he would fill the vacancy created by current director Brenda Gaines, who has decided not to stand for re-election at this year’s annual meeting of stockholders. 

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