Legislative, Regulatory & Legal

WASHINGTON — The National Retail Federation said it welcomed legislation that would require the State Department to speed up the visa application process for citizens from three key countries, saying the move would make it easier for tourists and business travelers to spend money in U.S. stores.

Washington, D.C. -- The National Retail Federation said Thursday it welcomed legislation that would require the State Department to speed up the visa application process for citizens from three key countries, saying the move would make it easier for tourists and business travelers to spend money in U.S. stores.

New York City -- The Equal Employment Opportunity Commission filed a lawsuit in U.S. District Court in Houston on Wednesday, charging Bass Pro Outdoor World with alleged racial discrimination in its hiring practices dating back to 2005, the Associated Press reported.

WASHINGTON — The National Retail Federation has announced a major year-long campaign to help support the retail industry and the jobs it helps create. A centerpiece of the campaign – which will include lobbying, grassroots, advertising, social media, earned media and more – is www.RetailMeansJobs.com, an interactive web site and action center designed to encourage engagement on behalf of the retail community’s agenda.

Plano, Texas -- J.C. Penney Co. said Monday in a regulatory filing that it has allowed shopping center owner Vornado Realty Trust to increase its stake in the department store retailer, from 9.9% to 15.4%.

The move eases a poison-pill restriction that had prevented Vornado from previously buying additional J.C. Penney shares. It mirrors a deal struck with Penney’s largest shareholder William Ackman, who received the go-ahead to up his stake, held through his Pershing Square Capital Management hedge fund, from 16.5% to as much as 26.1%.

New York City -- Barnes & Noble said Tuesday that the FTC has granted early termination of the waiting period under the Hart-Scott-Rodino Act, allowing investor Liberty Media to move forward with its stock purchase in the bookseller.

Barnes & Noble announced on Aug. 18 that Liberty Media invested an aggregate of $204 million in the company through the purchase of newly issued convertible preferred stock, totaling a 16.6% interest in Barnes and Noble.

Houston -- Retail ATM owner Cardtronics said Tuesday that it has forged an ATM managed services agreement with Lakewood, Colo.-based FirstBank, covering the segment of its ATM network located in King Soopers grocery stores.

As part of the agreement, Cardtronics has implemented all hardware upgrades necessary to bring the King Soopers portion of the $11 billion-asset bank’s ATM network into compliance with revised “Americans with Disabilities Act regulations set to take effect in 2012.

Washington, D.C. -- The National Retail Federation has launched a year-long advocacy campaign to advance a “Jobs, Innovation and Consumer Value Agenda” on behalf of the U.S. retail industry.