Legal
March 10, 2011
A group called Alliance for Main Street Fairness argues that by failing to collect sales taxes, online retailers like Amazon have an unfair advantage over brick-and-mortar stores that's costing jobs, killing businesses and contributing to state budget deficits.
March 9, 2011
San Francisco's mayor says the city has reached a $4.25 million settlement with Office Depot over allegations that the company overcharged for office supplies. Mayor Edwin Lee signed a Board of Supervisors resolution authorizing the settlement, which includes a $3.75 million payment and a $500,000 purchasing credit.
March 9, 2011
American Apparel has issued a statement responding to the allegations that founder Dov Charney forced a teenage employee into sex. The former employee's civil suit is asking for $250 million from the struggling company.
March 9, 2011
Skechers USA has sued Sears Holdings Corp., alleging that the chain was selling footwear that infringed on some of Skechers' brands, including its toning Shape-ups line.
March 7, 2011
Sears Holdings has joined other retailers, including Barnes & Noble, in inviting Amazon.com affiliates to work with its brand following Amazon's response to recent legislation related to collected taxes on e-commerce purchases.
March 4, 2011
Family Dollar Stores said its board rejected a takeover bid by an activist investor, saying it "substantially undervalues the company." In February, Nelson Peltz's Trian Fund offered $55 to $60 per share for Family Dollar.
March 3, 2011
Discount retailer Loehmann's said it's emerged from bankruptcy protection, which it sought in November after its Dubai government-linked owner failed to reach a debt-extension deal with creditors.
March 3, 2011
Wal-Mart has made a push to capitalize on Amazon’s ongoing tax troubles in California, by reaching out to the online retailer’s business partners. In a public statement, Wal-Mart said that it was “committed to supporting the affiliate programmes which help to drive Walmart.com's online business.”
March 2, 2011
J.Crew will once again be a private company after shareholders approved a $2.86 billion deal for the retailer to be acquired by TPG Capital and Leonard Green & Partners.
