Regulatory Wrap-Up: Weekly recap of retail-related legislative developments-May 13Connecticut on track to increase state minimum wage. Bed Bath & Beyond CEO out amid ongoing activist pressureThe longtime chief executive of Bed Bath & Beyond has stepped down amid ongoing pressure from activist investors who blame him for the chain’s faltering performance and are pushing for changes. Chico’s confirms buyout offer from same firm it previously rejected A private equity firm that currently owns a 6.6% stake in Chico’s FAS wants to purchase the rest of the chain. India’s richest man buys famed British toy store chain Hamley, the world’s oldest toy retailer, is set to be acquired by Reliance Brands Ltd., part of a Mumbai-based conglomerate owned by Mukesh Ambani, the richest man in India. Report: Victoria’s Secret ‘rethinking’ famous annual fashion show Network television audiences have likely seen the last of Victoria’s Secret glammed-up models strutting the runway in skimpy outfits and angel wings. Tapestry Q3 profit tops estimates; announces $1 billion buyback program Tapestry, parent of Coach and Kate Spade, announced its biggest buyback plan in nearly seven years amid third-quarter earnings that beat the Street. Party City to close 45 stores; Q1 sales miss Party City’s first-quarter earnings matched the Street even as its sales fell short, impacted by a shortage of helium that deflated balloon sales. Disruptive diamond retailer names CEO Spence Diamonds has tapped its chief marketer to lead the company as it looks to grow its store network. Government regulation/enforcement, pay equity among top workplace issues Workplace issues are growing increasingly complex amid a growing patchwork of state and local employment laws and the ongoing #MeToo movement. Report: Hackers hit 100 Amazon seller accounts The Amazon Seller Central platform was victimized by cybercriminals in 2018, according to Bloomberg. First Previous 2284 2285 2286 2287 2288 Next Last
