Clothing maker Jones Group is one of three potential buyers for upscale shoe and handbag maker Jimmy Choo. Jones Chief Executive Wesley Card told Reuters in February that his company was looking to buy brands that would help extend Jones' reach, particularly into overseas markets.
American Apparel is racing to secure $10 million in rescue financing to stave off bankruptcy. According to a report, the T-shirt retailer has held talks with an individual investor who's expressed interest in providing money in the form of equity. The company hopes to secure financing by this week.
A Montgomery County jury ordered Nordstrom to pay nearly $1.6 million to two women stabbed inside its Bethesda, Md. store six years ago, concluding that the retailer didn't adequately warn shoppers that a woman armed with four butcher knives was on the loose, attorneys said.
CVS Caremark has agreed to pay $17.5 million to resolve claims that it overbilled Medicaid, the Justice Department said. CVS ran into trouble with Medicaid programs in 10 states when it overbilled the government for prescription drugs, according to the Justice Department.
Dov Charney, the 41 year-old CEO of American Apparel, a company whose brand is built on providing fashionable clothing manufactured in a “sweatshop free” environment, is once again being sued for sexual harassment. With five women making sexual harassment complaints last month against the CEO, the company image is slowly becoming an ironic representation of exploitation.
The U.S. Equal Employment Opportunity Commission disclosed that the Sam’s Club warehouse division of Wal-Mart will pay $440,000 and other relief to settle a harassment lawsuit filed by the EEOC. The agency disclosed the settlement in a statement on its website.
America’s leading retail industry associations announced a plan to launch an enhanced version of the Law Enforcement Retail Partnership Network, a secure national database that allows retailers to share information to combat organized retail crime.
Retail industry lobbyists in Indiana are trying to get state lawmakers to pass an online sales tax provision that they claim would result in hundreds of millions of dollars in revenue. The Indiana Retail Council and the Alliance for Main Street Fairness held a press conference in the Indiana Statehouse to ask for legislators’ support in requiring sites such as Amazon.com to pay sales tax.
Local retailers are heading to Beacon Hill in Boston today as part of a new fight to force e-commerce sites like Amazon, Overstock and Zappos to collect sales tax from local residents.
American Apparel Chief Executive Dov Charney is shooting down rumors that the Los Angeles clothing company is looking for a buyer. "I'm not surprised that there would be interest in the company, and at times, there has been, but it's not accurate," he said. "We're not looking and it's not going to happen."