Skip to main content

Legislative, Regulatory & Legal

  • Report: Landlords object to Borders sale plan

    New York City -- A report by Reuters on Tuesday said that a group of landlords have filed objections in U.S. Bankruptcy Court in Manhattan, disputing the process by which Borders Group is attempting to auction itself out of bankruptcy.

    According to the nearly 20 landlords that filed objections on Friday and Monday, the plan offers no information regarding which leases would be assumed by potential buyers of Borders’ assets.

  • Report: Group of grocers may have violated antitrust law

    San Francisco -- A Bloomberg report on Tuesday said that three major grocery chains may have violated antitrust law by profit-sharing during a strike.

    The U.S. Court of Appeals in San Francisco on Tuesday ruled that Safeway, Supervalu Inc.’s Albertson’s and Kroger Co.’s Ralph’s supermarket chains were not exempt from antitrust scrutiny, as a court last year overturned a lower-court ruling that the agreement, reached during a 2003 conflict with the companies’ unions, didn’t violate antitrust law.

  • Report: Amazon petitions to repeal California sales-tax measure

    Seattle -- A Monday report by the Wall Street Journal said that Amazon.com on Friday filed a petition to add a measure on the California ballot asking voters to repeal the recently passed California law that requires online retailers to collect sales tax.

    Amazon needs to submit 504,760 signatures by late September in order to get the measure on the Feb. 7, 2012 ballot for the next statewide election.

  • Dunkin’ sets IPO price range

    New York City -- Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.

    Dunkin’ Brands is offering 22.3 million shares for $16 to $18 each, the chain said in a filing with the U.S. Securities and Exchange Commission today. The company may sell an additional 3.33 million shares, given sufficient demand.

  • NRF welcomes transportation reform, but concerned over funding

    WASHINGTON — The National Retail Federation said it supports a transportation reauthorization proposal released today by House Transportation and Infrastructure Committee Chairman John Mica, R-Fla., but expressed concern over the measure’s funding levels.

  • Ex-Walmart execs join Indian retailer

    Former Walmart China executives Rob Cissell and Shawn Gray have joined the retail subsidiary of Indian conglomerate Reliance Industries, according to the Economic Times of India. Cissell will serve Reliance CEO and Gray will serve as COO, according to the newspaper.

  • See what happens when Walmart enters the market

    Now that Walmart has completed its acquisition of a majority stake in South African retailer Massmart a major competitor contends it will need to lay off 8.6% of its work force to improve its competitive position.

    That’s according to South African media reports indicating rival Pick n Pay Stores said it was looking to eliminate 3,137 of its 36,673 positions. Conversely, Walmart has said it will create 15,000 jobs in South Africa within five years, implying a fairly robust level of expansion.

  • Target settles disability discrimination suit

    New York City -- The Equal Employment Opportunity Commission settled a lawsuit with Target Corp. regarding the rights of a disabled cart attendant in California's Orange County, the Associated Press reported.

    Court papers filed on Tuesday reveal that Target agreed to pay former employee Jeremy Schott $160,000 and develop policies to respond to disabled employees' needs, the report said.

  • A carrot and stick approach to reduce port pollution

    Such retailers as Target, Best Buy, Home Depot, JCPenney, Lowe’s and Walmart are part of an organization called the Coalition for Responsible Transportation (CRT) that is pushing a new approach designed to reduce emissions at the nation’s ports. The retailers along with Hewlett Packard, Nike and a host of leading transportation providers have teamed with the Environmental Defense Fund and the U.S. Environmental Protection Agency to launch a program called, “EPA SmartWay Drayage Program.”

X
This ad will auto-close in 10 seconds