Etsy Trims Workforce in Response to “Challenging” Market, Stock Takes a Hit
December 18, 2023 : Etsy, the online marketplace known for its handcrafted and vintage goods, has announced a significant workforce reduction, laying off 11% of its employees.
Shein and Temu Spar Again: Temu Files Fresh Lawsuit, Alleging ‘Mafia-Style Tactics’
December 18, 2023 : The gloves are again off in the heated battle between fast-fashion giants Shein and Temu. A new lawsuit filed by Temu accuses its rival of employing “mafia-style intimidation” tactics to stifle competition.
Amazon Scores Tax Victory: Escapes €250 Million Bill in E.U. Ruling
December 15, 2023 : In a major legal triumph, e-commerce giant Amazon has prevailed over the European Union in a €250 million ($270 million) tax battle. The Luxembourg-based Court of Justice of the European Union (CJEU) ruled in favor of Amazon, finding that the company’s tax arrangements with Luxembourg did not constitute illegal state aid.
Chilton Investment Tightens Grip on Murphy USA: Increases Stake in Convenience Store Chain
December 12, 2023 : In a strategic move that signals growing confidence in the future of convenience stores, Chilton Investment Co. Inc. has significantly increased its ownership stake in Murphy USA Inc. (NYSE: MUSA).
Iconic Macy’s Faces Potential Takeover: US$5.8 Billion Bid Shakes Retail Landscape
December 12, 2023 : The storied halls of Macy’s, a cornerstone of American retail, may soon echo with the sound of change.
Dollar General CEO Embarks on Turnaround Mission Amidst Challenges
December 8, 2023 : Dollar General, a discount retail giant, faces a critical juncture as it attempts to reverse its declining performance under the leadership of its returning CEO, Todd Vasos.
Shein’s IPO Sparks Scrutiny: Lawmakers Demand Proof of No Forced Labor
December 5, 2023 : Shein, the fast-fashion giant beloved for its trendy clothes and budget prices, is facing intensifying scrutiny from lawmakers as it inches closer to a highly anticipated initial public offering (IPO). The source of the concern? Potential ties to forced labor.
Amazon Violated Federal Labor Law During Union Organizing Efforts
Dec 4, 2023 : A recent ruling by the National Labor Relations Board (NLRB) has found that Amazon engaged in multiple violations of federal labor law during the 2021 union organizing efforts at its JFK8 warehouse in Staten Island, New York.
AI Wiretapping Allegations: Gap’s Old Navy Faces Potential Legal Fallout
Dec 4, 2023 : In a groundbreaking legal case, Gap’s Old Navy brand faces allegations of illegal wiretapping due to its use of an artificial intelligence (AI) chatbot.
Victoria’s Secret Sees Progress Despite Wider-Than-Forecast Loss
November 30, 2023 : Victoria’s Secret & Co. reported a wider-than-expected loss in the third quarter, but the company said it is progressing on its turnaround plan.
