Toys“R”Us, Inc. Files Voluntary Chapter 11 Petitions in U.S. and Intends to Seek Protection under CCAA in Canada

Toys“R”Us and Babies“R”Us Stores and Web Stores across the World are Open and Continuing to Provide World-Class Experiences for Customers Restructuring Process Expected to Enhance Financial Flexibility for Investments in Growth Initiatives Company Receives Commitment of Over $3.0 Billion in Debtor-in-Possession Financing to Support Operations WAYNE, NJ, 2017-Sep-20 — /EPR Retail News/ — Toys“R”Us, Inc. (“the Company”) today […]

Co-op cuts the cost of women’s sanitary products

MANCHESTER, England, 2017-Aug-30 — /EPR Retail News/ — Co-op has today (29 August 2017) announced it will cut the cost of women’s sanitary products to cover the cost of the so-called ‘Tampon tax.’ A five per cent reduction will come into effect on 30 August 2017 ahead of Government proposals* to remove the VAT. All 71 […]

NCR announces Court approval of the consent decree settlement to resolve the Wisconsin Fox River environmental cleanup

DULUTH, Ga., 2017-Aug-28 — /EPR Retail News/ — NCR Corporation (NYSE: NCR) today (August 24, 2017) announced Court approval of the consent decree settlement it entered into in January 2017 with the United States Government and the State of Wisconsin to effectively resolve the Wisconsin Fox River environmental cleanup and related Superfund litigation. “Approval of […]

Tesco to reduce the price of women’s sanitary products to cover the cost of the so-called ‘Tampon Tax’

CHESHUNT, England, 2017-Jul-31 — /EPR Retail News/ — Tesco has today (28 Jul 2017) announced it will reduce the price of women’s sanitary products in a bid to make them more affordable for customers. The five per cent reduction in price will cover the cost of the so-called ‘Tampon Tax’ or VAT on the items […]

NRF: retailers remain committed to fixing Obamacare despite the failure of a “skinny” repeal bill in the Senate

WASHINGTON, 2017-Jul-31 — /EPR Retail News/ — The National Retail Federation said retailers remain committed to fixing Obamacare despite the failure of a “skinny” repeal bill in the Senate early today (July 28, 2017). “It was very disappointing to come so close on even a limited bill but we will use our disappointment to fuel our push […]

Food Marketing Institute and the supermarket industry welcome approval of the Common Sense Nutrition Disclosure Act

ARLINGTON, VA, 2017-Jul-31 — /EPR Retail News/ — Food Marketing Institute and the supermarket industry appreciate Chairman Greg Walden’s (R-OR) leadership and the House Energy & Commerce Committee’s approval of the Common Sense Nutrition Disclosure Act (H.R. 772).  H.R. 772 is a bipartisan bill led by Congresswoman Cathy McMorris Rodgers (R-WA), Congressman Tony Cardenas (D-CA), […]

Staples, Inc. announces early termination of the waiting period under the “HSR Act”

FRAMINGHAM, Mass., 2017-Jul-28 — /EPR Retail News/ — Staples, Inc. (NASDAQ: SPLS or “Staples”) announced that on July 26, 2017 the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with respect to the pending acquisition of Staples by investment funds managed by Sycamore Partners, a leading private equity […]

Florida Retail Federation supports Jose Felix Diaz for Senate District 40 in South Florida

Business-friendly Diaz is the choice in Senate District 40 for Florida’s premier retail industry association TALLAHASSEE, FL, 2017-Jul-07 — /EPR Retail News/ — The Florida Retail Federation (FRF) PAC, the state’s premier trade association celebrating its 80th year of supporting Florida’s retailers, today (July 5, 2017 ) announced its endorsement of Jose Felix Diaz for […]

BaFin approves the stock exchange listing for METRO Wholesale & Food Specialist AG

Exchange listing of the shares of new METRO expected by Mid-July 2017 Current METRO AG shares to become CECONOMY shares Listing of the stock in the Prime Standard of the Frankfurt Stock Exchange intended Düsseldorf, 2017-Jun-27 — /EPR Retail News/ — The Federal Financial Supervisory Authority (BaFin) has approved the stock exchange listing for METRO […]

Kroger stores in the Atlanta ratifies new labor agreements with UFCW Local 1996

ATLANTA, 2017-Jun-19 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) Atlanta division associates working at Kroger stores in the Atlanta metro and surrounding area have ratified new labor agreements with UFCW Local 1996. “We are pleased to reach agreements that are good for our associates. These agreements provide good wage increases, affordable health […]

Overstock.com supports H.R. 2887, The No Regulation Without Representation Act

Company Urges Legislators to Resolve Cross Boarder State Tax Regulation SALT LAKE CITY, 2017-Jun-15 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) spoke in favor of H.R. 2887, The No Regulation Without Representation Act, introduced by Rep. Sensenbrenner (R-WI) today (June 13, 2017 ). The company added this bill to the list of “reasonable” federal legislation […]

NRF condemns House Ways and Means proposal to phase in Border Adjustment Tax over five years

Brady Suggestion Remains a ‘Massive Middle Class Tax Hike’ WASHINGTON, 2017-Jun-14 — /EPR Retail News/ — The National Retail Federation today (June 13, 2017) condemned a proposal by House Ways and Means Chairman Kevin Brady to phase in a Border Adjustment Tax over five years. “Phasing in a job-killing plan like the Border Adjustment Tax […]

RILA announces support for the Financial CHOICE Act

Arlington , VA, 2017-Jun-09 — /EPR Retail News/ — Today ( 6/8/2017), the Retail Industry Leaders Association (RILA) announced its support for the Financial CHOICE Act, urging lawmakers to take an important first step in addressing regulatory reform in the financial services sector. Austen Jensen, vice president for government affairs, issued the following statement regarding […]

Signet Jewelers extends its “Conflict-Free” reporting under Section 1502 for four consecutive years

Signet Jewelers extends its “Conflict-Free” reporting under Section 1502 for four consecutive years   HAMILTON, Bermuda, 2017-Jun-02 — /EPR Retail News/ — Signet Jewelers Limited (“Signet”) (NYSE:SIG), the world’s largest retailer of diamond jewelry, recently submitted its fourth consecutive Conflict Minerals Report to the SEC in accordance with Section 1502 of the Dodd-Frank Act. Signet was […]

The Florida Retail Federation: Disaster Preparedness Sales Tax Holiday, June 2-4

With hurricane season almost upon us, now is the time for Floridians to stock up on important supplies to help keep them prepared and safe following a natural disaster TALLAHASSEE, FL, 2017-May-31 — /EPR Retail News/ — The Florida Retail Federation (FRF), the state’s premier trade association celebrating its 80th year of supporting Florida’s retail […]

Food Marketing Institute (FMI): no room for border adjustments in tax reform

ARLINGTON, VA, 2017-May-25 — /EPR Retail News/ — Food Marketing Institute (FMI) submitted a statement for the record to the U.S. House of Representatives Committee on Ways and Means hearing on Increasing U.S. Competitiveness and Preventing American Jobs from Moving Overseas: How Border Adjustment and Other Policies Will Boost Jobs, Investment, and Growth in the […]

International Trade Commission issued final ruling in favor of Diebold Nixdorf in its patent infringement case against Nautilus Hyosung

International Trade Commission prohibits import of Hyosung ATMs with infringing technology NORTH CANTON, Ohio, 2017-May-25 — /EPR Retail News/ — Diebold Nixdorf, Incorporated (NYSE: DBD) today (May 23, 2017) announced that the International Trade Commission (ITC) has issued a final ruling in favor of Diebold Nixdorf in its patent infringement case against Korea-based Nautilus Hyosung. […]

NRF’s David French: The border tax proposal would cause the tax burden on retailers to skyrocket

WASHINGTON, 2017-May-24 — /EPR Retail News/ — Retailers would “have no choice” but to pass the higher costs on to consumers if Congress passes a proposed $1 trillion border adjustment tax as part of tax reform, the National Retail Federation said today (May 23, 2017). “The border tax proposal would cause the tax burden on […]

RILA’s Brian Dodge: The new border adjustable tax is a dangerous and untested proposal built upon deeply flawed economics

Dollar Will Not Adjust As Backers Claim, Even In Long-Term, Hurting Consumers And Importers Arlington , VA, 2017-May-24 — /EPR Retail News/ — An economic report released today (5/22/2017) from the international macroeconomics firm Capital Economics finds the economic theory behind the border adjustment tax to be a “gross simplification” of today’s currency markets. The report […]

RILA’s Jennifer Safavian: The border adjustment tax would jeopardize 42 million jobs retailers currently support

A Border Adjustable Tax Will Be ‘Uniformly Devastating’ To Retailers And Consumers Arlington , VA, 2017-May-24 — /EPR Retail News/ — ​Today (5/23/2017), Retail Industry Leaders Association Executive Vice President for Government Affairs Jennifer Safavian issued the following statement as the House Ways and Means Committee began its hearing examining the economic and consumer impact […]

NRF urges Congress to focus on updating the existing federal income tax system rather than moving toward a consumption tax

WASHINGTON, 2017-May-19 — /EPR Retail News/ — The National Retail Federation today (May 18, 2017) urged Congress to focus on updating the existing federal income tax system through comprehensive reform rather than moving toward a consumption tax. Under either approach, Congress should reject a proposed $1 trillion border adjustment tax that would drive up prices […]

RILA EVP for Government Affairs Jennifer Safavian comments on retail community’s support for comprehensive tax reform

Arlington , VA, 2017-May-19 — /EPR Retail News/ — Jennifer Safavian, RILA Executive Vice President for Government Affairs, issued the following statement regarding the retail community’s support for comprehensive tax reform following today’s House Ways and Means Committee hearing “How Tax Reform Will Grow Our Economy and Create Jobs.” “Retailers have a significant impact on […]

RILA welcomes Administration’s notice to Congress of its intent to renegotiate NAFTA

Arlington , VA, 2017-May-19 — /EPR Retail News/ — Today (5/18/2017), RILA Vice President of International Trade Hun Quach, issued the following statement regarding the Administration’s notice to Congress of its intent to renegotiate NAFTA: “RILA welcomes the Administration’s announcement to open talks with Mexico and Canada — vital trading partners for the retail industry. […]

NGA applauds House Ways and Means Committee’s hearing on tax reform

ARLINGTON, VA, 2017-May-19 — /EPR Retail News/ — Today (May 18, 2017), the National Grocers Association (NGA), the trade association representing the independent supermarket industry, released the following statement on the House Ways and Means Committee’s hearing on tax reform: “We applaud the House for taking an important first step towards a once-in-a-generation tax reform […]

New RILA ad campaign calls on Congress to protect debit swipe fee reform

RILA Ads Tell Congress To Hold Wall Street Accountable And Protect Reform Vital To Industry Arlington , VA, 2017-May-11 — /EPR Retail News/ — Today (5/9/2017), the Retail Industry Leaders Association (RILA), the trade association for America’s largest retailers, launched a national ad campaign urging Congress to protect debit swipe fee reform as the House […]

John Lewis Partnership announces provision of £36m to cover potential costs of complying with National Minimum Wage Regulations

London, 2017-May-11 — /EPR Retail News/ — In its Annual Report and Accounts published today (9 May 2017), the John Lewis Partnership announces it has made a provision of £36m to cover the potential costs of complying with the National Minimum Wage (NMW) Regulations. While the Partnership’s contractual hourly rates of pay have never been […]

Florida Retail Federation celebrates major accomplishments as 2017 Legislative Session comes to a close

TALLAHASSEE, FL, 2017-May-10 — /EPR Retail News/ — As the 2017 Legislative Session comes to a close, three days later than expected, the Florida Retail Federation (FRF) is celebrating several major accomplishments for retailers including the passage of a reduction in the business rent tax and 3-day sales tax holidays for back to school and disaster […]

Lexos patent lawsuit against ChannelAdvisor’s customer Costco Wholesale dismissed

Research Triangle Park, NC, 2017-May-10 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today (May 8, 2017) announced the patent lawsuit filed by Lexos Media IP, LLC (“Lexos”) against ChannelAdvisor’s customer Costco Wholesale Corporation has been dismissed. After a […]

ARA urges Government to make cuts to concurrent spending instead of slugging consumers with a Medicare levy tax hike

ARA urges Government to make cuts to concurrent spending instead of slugging consumers with a Medicare levy tax hike   Melbourne, Australia, 2017-May-10 — /EPR Retail News/ — The Australian Retailers Association (ARA) believe this year’s Federal Budget brings some relief for retailers through reducing Government debt, but at the undesirable cost of increasing taxes […]

Retail Industry Hopes for Tax Reforms, Infrastructure Investment, and Skills Funding

Melbourne, Australia, 2017-May-08 — /EPR Retail News/ — The Australian Retailers Association (ARA) and its members are hoping next week’s Federal Budget announcement will bring relief to the industry through tax reform, smart infrastructure investment and additional skills funding. Russell Zimmerman, Executive Director of the ARA said the retail industry have been looking to both […]