Content about Politics

July 2, 2014

J.C. Penney has filed an appeal of a June 16 ruling by the New York State Supreme Court that it "tortuously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011.

Plano, Texas – J.C. Penney has filed an appeal of a June 16 ruling by the New York State Supreme Court that it "tortuously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011. In the ruling, Justice Jeffrey K. Oing said Macy’s failed to prove that it is entitled to punitive damages.

July 2, 2014

J.C. Penney has filed an appeal of a June 16 ruling by the New York State Supreme Court that it "tortuously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011.

Plano, Texas – J.C. Penney has filed an appeal of a June 16 ruling by the New York State Supreme Court that it "tortuously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011. In the ruling, Justice Jeffrey K. Oing said Macy’s failed to prove that it is entitled to punitive damages.

July 2, 2014

Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements.

New York -- Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements. 

According to the definitive merger agreement, Kroger will purchase all outstanding shares of Vitacost.com for $8 per share in cash, or approximately $280 million.

July 2, 2014

Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements.

New York -- Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements. 

According to the definitive merger agreement, Kroger will purchase all outstanding shares of Vitacost.com for $8 per share in cash, or approximately $280 million.

July 2, 2014

The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

Milwaukee -- The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

The Balistreri-owned and operated grocer will be located on the Bluemound Road side of the 19-acre site at the intersection of I-94, Barker Road and Bluemound Road at the main entrance to the shopping center.

July 2, 2014

The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

Milwaukee -- The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

The Balistreri-owned and operated grocer will be located on the Bluemound Road side of the 19-acre site at the intersection of I-94, Barker Road and Bluemound Road at the main entrance to the shopping center.

June 30, 2014

Retail chain Hobby Lobby was triumphant In a 5-4 ruling by the Supreme Court on Monday in which the court ruled that the federal government cannot force privately held corporations to provide forms of contraceptive coverage that violate the religious beliefs of their owners.

New York -- Retail chain Hobby Lobby was triumphant In a 5-4 ruling by the Supreme Court on Monday in which the court ruled that the federal government cannot force privately held corporations to provide forms of contraceptive coverage that violate the religious beliefs of their owners. The ruling means that private companies can opt out of the Affordable Health Care Act’s contraception coverage mandate.

June 30, 2014

Retail chain Hobby Lobby was triumphant In a 5-4 ruling by the Supreme Court on Monday in which the court ruled that the federal government cannot force privately held corporations to provide forms of contraceptive coverage that violate the religious beliefs of their owners.

New York -- Retail chain Hobby Lobby was triumphant In a 5-4 ruling by the Supreme Court on Monday in which the court ruled that the federal government cannot force privately held corporations to provide forms of contraceptive coverage that violate the religious beliefs of their owners. The ruling means that private companies can opt out of the Affordable Health Care Act’s contraception coverage mandate.

June 27, 2014

The Supreme Court of Canada has ruled that Wal-Mart violated Quebec labor law by closing its store in Jonquiere, Quebec, in 2005.

New York -- The Supreme Court of Canada has ruled that Wal-Mart violated Quebec labor law by closing its store in Jonquiere, Quebec, in 2005.
 
In a 5-2 decision announced on Friday, the court ruled that the 190 employees who were terminated when the store was closed are entitled to compensation, according to CBC Montreal.  
 

June 27, 2014

The Supreme Court of Canada has ruled that Wal-Mart violated Quebec labor law by closing its store in Jonquiere, Quebec, in 2005.

New York -- The Supreme Court of Canada has ruled that Wal-Mart violated Quebec labor law by closing its store in Jonquiere, Quebec, in 2005.
 
In a 5-2 decision announced on Friday, the court ruled that the 190 employees who were terminated when the store was closed are entitled to compensation, according to CBC Montreal.  
 

June 26, 2014

Price Chopper Supermarkets announced that it has cut about 80 positions, citing a need to improve efficiency within the company amid rising costs, including “skyrocketing” healthcare costs.

SCHENECTADY, N.Y. — Price Chopper Supermarkets announced that it has cut about 80 positions, citing a need to improve efficiency within the company amid rising costs, including “skyrocketing” healthcare costs.

June 26, 2014

Price Chopper Supermarkets announced that it has cut about 80 positions, citing a need to improve efficiency within the company amid rising costs, including “skyrocketing” healthcare costs.

SCHENECTADY, N.Y. — Price Chopper Supermarkets announced that it has cut about 80 positions, citing a need to improve efficiency within the company amid rising costs, including “skyrocketing” healthcare costs.

June 16, 2014

In a long-awaited ruling handed down Monday by the New York State Supreme Court, J.C. Penney has been found to have "tortiously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011.

New York -- In a long-awaited ruling  handed down Monday by the New York State Supreme Court, J.C. Penney has been found to have "tortiously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011.

June 16, 2014

In a long-awaited ruling handed down Monday by the New York State Supreme Court, J.C. Penney has been found to have "tortiously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011.

New York -- In a long-awaited ruling  handed down Monday by the New York State Supreme Court, J.C. Penney has been found to have "tortiously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011.

May 28, 2014

Higher costs reduced profits at Chico’s FAS Inc. during the first quarter of fiscal 2014 even as net sales grew.

Fort Myers, Fla. – Higher costs reduced profits at Chico’s FAS Inc. during the first quarter of fiscal 2014 even as net sales grew. Chico’s reported net income of $39.88 million, a 22% year-over-year-drop from $51.12 million in the year-ago period.

May 28, 2014

Higher costs reduced profits at Chico’s FAS Inc. during the first quarter of fiscal 2014 even as net sales grew.

Fort Myers, Fla. – Higher costs reduced profits at Chico’s FAS Inc. during the first quarter of fiscal 2014 even as net sales grew. Chico’s reported net income of $39.88 million, a 22% year-over-year-drop from $51.12 million in the year-ago period.

May 23, 2014

Shoe Carnival Inc. reported a 3% year-over-year drop in net income to $9.2 million, from $9.5 million in the first quarter of fiscal 2014.

Evansville, Ind. – Shoe Carnival Inc. reported a 3% year-over-year drop in net income to $9.2 million, from $9.5 million in the first quarter of fiscal 2014. The retailer plans to open 23-28 new stores in fiscal 2014, including 16 in the second quarter and seven-to-12 in the fourth quarter.

Shoe Carnival’s net sales grew 1.5% to $235.8 million, from $232.3 million.

May 23, 2014

Shoe Carnival Inc. reported a 3% year-over-year drop in net income to $9.2 million, from $9.5 million in the first quarter of fiscal 2014.

Evansville, Ind. – Shoe Carnival Inc. reported a 3% year-over-year drop in net income to $9.2 million, from $9.5 million in the first quarter of fiscal 2014. The retailer plans to open 23-28 new stores in fiscal 2014, including 16 in the second quarter and seven-to-12 in the fourth quarter.

Shoe Carnival’s net sales grew 1.5% to $235.8 million, from $232.3 million.

May 1, 2014

Since its passage in 2010, the Affordable Care Act (ACA) has been the subject of intense political debate and a source of anxiety for many retailers. While most of the attention has focused on the law’s health benefit requirements, there is little doubt that the ACA will also influence workers’ compensation costs, which are often the second highest expense for retailers after payroll. By taking steps now to understand and manage how the ACA will likely affect costs, payroll, and claims filings, retailers can lessen any potential negative impacts.

May 1, 2014

A bid to raise the federal minimum wage was rejected by Republicans in the Senate, who blocked legislation Wednesday to boost the rate to $10.10 an hour.

New York -- A bid to raise the federal minimum wage was rejected by Republicans in the Senate, who blocked legislation Wednesday to boost the rate to $10.10 an hour. Senators predominantly voted across party lines, which places Democratic senators in favor and Republican senators opposed.

The defeat was expected, and it is expected to serve as a rallying cry for Democrats preparing their next campaign.

May 1, 2014

A bid to raise the federal minimum wage was rejected by Republicans in the Senate, who blocked legislation Wednesday to boost the rate to $10.10 an hour.

New York -- A bid to raise the federal minimum wage was rejected by Republicans in the Senate, who blocked legislation Wednesday to boost the rate to $10.10 an hour. Senators predominantly voted across party lines, which places Democratic senators in favor and Republican senators opposed.

The defeat was expected, and it is expected to serve as a rallying cry for Democrats preparing their next campaign.

May 1, 2014

The White House called on Congress to pass legislation to create a national standard that would alert consumers when their data has been hacked.

New York -- The White House on Thursday called on Congress to pass legislation to create a national standard that would alert consumers when their data has been hacked. It one-of-six policy recommendations that comes after a 90-day review of data and privacy.

"As organizations store more information about individuals, Americans have a right to know if that information has been stolen or otherwise improperly exposed," said the report, led by John Podesta, a top advisor to President Barack Obama.

May 1, 2014

The White House called on Congress to pass legislation to create a national standard that would alert consumers when their data has been hacked.

New York -- The White House on Thursday called on Congress to pass legislation to create a national standard that would alert consumers when their data has been hacked. It one-of-six policy recommendations that comes after a 90-day review of data and privacy.

"As organizations store more information about individuals, Americans have a right to know if that information has been stolen or otherwise improperly exposed," said the report, led by John Podesta, a top advisor to President Barack Obama.

April 30, 2014

Net income at Lumber Liquidators decreased 13.2% to $13.7 million during the first quarter of fiscal 2014, compared to $15.8 million in the same period the prior year.

Toano, Va. - Net income at Lumber Liquidators decreased 13.2% to $13.7 million during the first quarter of fiscal 2014, compared to $15.8 million in the same period the prior year. During fiscal 2014, the retailer intends to open 35 to 40 new store locations in the expanded showroom format and remodel 25 to 30 existing stores in the expanded showroom format.

April 30, 2014

Net income at Lumber Liquidators decreased 13.2% to $13.7 million during the first quarter of fiscal 2014, compared to $15.8 million in the same period the prior year.

Toano, Va. - Net income at Lumber Liquidators decreased 13.2% to $13.7 million during the first quarter of fiscal 2014, compared to $15.8 million in the same period the prior year. During fiscal 2014, the retailer intends to open 35 to 40 new store locations in the expanded showroom format and remodel 25 to 30 existing stores in the expanded showroom format.