Legislative, Regulatory & Legal

WASHINGTON — The National Retail Federation said it welcomed President Obama’s plans to boost travel and tourism, saying efforts to process visa applications more quickly will help U.S. stores make more sales to foreign tourists and business travelers who want to come here to shop.

New York City -- Menards is considering a new store in a Springfield, Mo., shopping mall -- as long as it isn’t included in the development’s community improvement district (CID), according to an article in the Springfield News Leader.

The Eau Claire, Wis.-based home improvement chain is planning a 162,000-sq.-ft. store in the Hickory Hills Marketplace, which levies a 1% tax on tenants to help pay back the cost of public improvements at the development.

San Francisco -- A Tuesday report by Reuters said that Wal-Mart filed a motion on Monday to dismiss a lawsuit filed last October by a regrouping of women whose earlier gender bias class action was ended by the U.S. Supreme Court.

New York City -- Kronos Inc. said Monday that Family Dollar is using its suite of workforce management solutions to control labor costs, minimize compliance risk, and improve productivity of more than 55,000 Family Dollar employees across 7,000 stores.

WASHINGTON — The National Retail Federation announced that it has issued an open letter to President Obama urging him to call for action on initiatives that support a strong retail sector when he delivers his State of the Union address later this month. The letter was signed by Macy’s chairman, president and CEO Terry Lundgren, who chairs the NRF doard of directors, and NRF president and CEO Matthew Shay.

ARLINGTON, Va. — The Retail Industry Leaders Association announced that Kirt Johnson will join the association as VP tax policy. 

An expert with nearly 30 years of experience navigating tax policy on Capitol Hill and in the private sector, Johnson will lead RILA’s tax agenda, including the pursuit of comprehensive tax reform. Johnson will also provide support to RILA’s aggressive campaign to level the playing field in terms of sales tax collection between Main Street retailers and their online competitors. 

MONTVALE, N.J. — Grocer A&P has announced plans to shutter 14 stores in four states as it prepares to emerge from bankruptcy.

The company has filed a motion with the U.S. Bankruptcy Court for the Southern District of New York seeking approval to close the stores. The store closures are expected to be completed in the company's fiscal first quarter, subject to court approval.

New York City -- Managed care company Health Net Inc. announced it will sell its Medicare Part D stand-alone prescription drug business to CVS Caremark for $160 million.

The business has about 400,000 members in 49 states and Washington, D.C., with annual revenue of approximately $490 million.

The deal is scheduled to close during the second quarter, pending approval from antitrust regulators.