Legislative, Regulatory & Legal

"I know half the money I spend on advertising is wasted, but I can never find out which half."

 – John Wanamaker, Department Store Tycoon and Marketing Pioneer of the early 20th Century

“There is an online privacy war going on, and without help, consumers will lose.”

– Chris Calabrese, Legislative Counsel, American Civil Liberties Union

MONTVALE, N.J. — A&P announced that it has reached an agreement with its labor unions that would help the retailer on its path out of bankruptcy.

By Bill Dundas, International Sign Association

NEW YORK  — Republican and Democrat retail executives both have something to look forward to in 2012 as former presidents Bill Clinton and George W. Bush are scheduled to speak at major industry events.

Clinton is first up at the National Retail Federation annual convention in New York on Jan.16, while Bush will serve as the keynote speaker at the National Association of Chain Drug Stores annual meeting in Palm Beach, Fla. April 21 to 24. 

New York City -- Lee Scott, the former CEO of Wal-Mart Stores, sold 100,000 shares in the company on Friday, reducing his direct stake in the company by about 14%, according to a filing released late on Tuesday, Barrons reported.

Scott sold the shares for $57.17 each on average. He still owns about 607,000 shares directly, not including any options he may still have, the report said. Scott had not sold shares since March 2010, when he also sold about $5.7 million worth, according to InsiderScore.com.
 

Washington, D.C. -- The National Retail Federation urged the House Judiciary Committee to support legislation that would require Internet retailers to collect sales tax the same as local merchants, saying online sellers have a price advantage that is “stifling” Main Street stores’ ability to compete.

WASHINGTON — Internet retailers have an unfair advantage over Main Street merchants when it comes to sales tax, and legislation may be the solution to help level the playing field, according to the National Retail Federation.

By Julie S. Lucht, [email protected]