Legal

Mattress Firm Files for Bankruptcy, to Close 700 Stores
October 8, 2018 at 1:42 pm

Specialty mattress retailer Mattress Firm late last week filed voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Delaware. The move was made, according to Mattress Firm, to "strengthen its balance sheet and optimize its store footprint." The largest U.S. mattress retailer said it plans to close 700 of its 3,230 company-owned stores. Those stores are…

eBay Claims Amazon Illegally Tried to Poach Top Sellers
October 4, 2018 at 12:05 pm

eBay has accused Amazon.com of trying to poach sellers for its own marketplace through eBay's internal messaging system, The Wall Street Journal reported yesterday. The report said that on Monday, eBay sent a cease-and-desist letter to Amazon, alleging that 50 Amazon sales agents sent 1,000-plus messages through eBay's system over the last several years in a bid to sway sellers to…

Online Sales Tax Laws Go Into Effect in 10 States Today
October 1, 2018 at 2:02 pm

Ten states will start collecting sales tax from out-of-state online retailers starting today, thanks to a series of new laws created in response to the South Dakota v. Wayfair case the U.S. Supreme Court decided in June. In deciding the case, the Supreme Court overturned a ruling (Quill Corporation v. North Dakota) that said the Constitution bars states from requiring…

Report: Google, Mastercard Cut Secret Deal to Track Retail Sales
August 31, 2018 at 12:03 pm

Google and Mastercard reportedly drafted a secret deal in which certain Google advertisers had access to data that shows if an online ad resulted in a purchase in a physical store. Bloomberg, citing four people with knowledge of the deal, reported that for the past year, select Google advertisers had access to a tool that tracks…

Former Barnes & Noble CEO Sues Company Over Firing
August 29, 2018 at 2:57 pm

The former chief executive of Barnes & Noble Inc. is suing the bookseller, accusing the company’s executive chairman of fabricating reasons to fire him a month after a deal to sell the company fell apart, according to Reuters. Barnes & Noble announced on July 3 that Demos Parneros, the company's former CEO, was terminated following multiple violations…

2 Ex-Employees Sue Nike, Alleging Gender Discrimination
August 13, 2018 at 1:36 pm

Two women have filed a class-action lawsuit against Nike Inc., alleging it discriminated against them in pay and career advancement, according to a report in Friday's Wall Street Journal. The suit was filed Thursday in the U.S. District Court in Portland, Ore., by two former employees, Kelly Cahill and Sara Johnston, who said that they endured a…

2 More Retailers File for Bankruptcy
August 7, 2018 at 12:18 pm

In a sign of the times, two more traditional brick-and-mortar retailers have recently filed for bankruptcy protection. National Stores, Inc., parent company of retail brands such as Fallas, Anna’s Linens, and Factory 2-U, announced that in addition to filing for bankruptcy reorganization, it will be closing 74 of its 344 stores. National Stores, which is headquartered in Gardena,…

Why You Should Care About the Wayfair Tax Ruling, and How to Ensure Compliance
August 7, 2018 at 10:59 am

After about two months of deliberation, the Supreme Court ruled on one of the most closely watched cases in our industry. Internet retailers like Wayfair, Amazon.com, Overstock.com, and countless others can be required to collect sales taxes in states despite having no physical presence. Online retailers previously benefited from not having to shoulder the burden of…

Brookstone Files for Bankruptcy, to Close All Mall Stores
August 2, 2018 at 3:40 pm

Specialty goods retailer Brookstone, known for quirky products, filed for Chapter 11 bankruptcy protection Thursday and plans to close all of its remaining mall-based stores. The company hired liquidators to close its roughly 100 remaining mall locations after declining foot traffic and management blunders crushed sales. The retailer has been bleeding cash as customers increasingly shop online…

Barnes & Noble Fires CEO for Violating Company Policies
July 5, 2018 at 10:26 am

Barnes & Noble has fired its CEO Demos Parneros for violating company policies. The company's statement didn't indicate exactly which policies were violated, however, it did note that Parneros’ termination "is not due to any disagreement with the company regarding its financial reporting, policies or practices or any potential fraud relating thereto." Parneros will not receive…