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Legislative, Regulatory & Legal

  • Election 2012: The impact on retail

    New York -- The National Retail Federation on Wednesday said it looked forward to continuing to work with President Obama and the new Congress toward the goal of putting Americans back to work and ensuring that the nation’s economy remains the strongest in the world.

  • CVS Caremark execs bullish after strong 3Q

    WOONSOCKET, R.I. — Coming off a strong third quarter, CVS Caremark executives expressed confidence that the company’s integrated retail/pharmacy benefit manager model and the unique programs and services it is able to deliver customers and clients are “making the difference,” president and CEO Larry Merlo told analysts during a Tuesday morning earnings call.

  • Walgreens launches environmentally friendly store brand Ology

    DEERFIELD, Ill. — Walgreens has launched Ology, a nationally accessible and affordable brand formulated to be free of harmful chemicals. Exclusive to Walgreens' family of companies, the Ology brand features a line of baby and personal care products as well as household cleaners, the company stated.

  • NRF forges on with swipe fee battle

    WASHINGTON — The National Retail Federation is continuing its fight against credit card swipe fees by asking a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring the fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

  • NRF asks judge to reject swipe-fee settlement

    Washington -- The National Retail Federation and more than a dozen of the nation’s most prominent retailers today asked a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring credit card swipe fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

  • Office Depot adopts poison pill defense

    Boca Raton, Fla. -- Office Depot Inc. said Tuesday it has approved a poison pill defense to preclude investor Starboard Value LP from waging a takeover of the company.

    The activist investor became the office-supply retailer’s largest shareholder last month and has begun pushing for changes.

    The poison pill is a shareholder rights plan that would give its investors additional shares if one entity surpasses 15% ownership. Starboard owned 14.8% as of Oct. 12.

  • Wal-Mart centralizes compliance and legal issues

    New York -- Wal-Mart Stores said on Wednesday that various staff groups involved in compliance and legal issues will soon all report to its general counsel, Reuters reported. The move comes as the retailer works on coordinating efforts after an alleged foreign bribery scandal.

    In a memo sent by CEO Mike Duke, the retailer said that starting on Dec. 1, its compliance, ethics, investigations and legal units will become one organization under executive VP, general counsel and corporate secretary Jeff Gearhart.

  • Wage-hour issues to consider during the holidays

    By Bruce M. Cross, [email protected]

    In the holiday rush, it's easy to overlook wage-hour issues. This article discusses common ones to which retailers should be alerted, including: temporary workers and independent contractors; unpaid interns and trainees; “off-the-clock” work, meal and rest breaks; seating requirements; cost of uniforms; workplace safety; and overtime exemptions.

    Temporary workers

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