Retail workers in New York may soon find solace in proposed legislation that aims to protect them from losing their jobs or facing punishment for attempting to stop shoplifters. Long Island state lawmaker, Assemblyman Michael Fitzpatrick (R-Smithtown), has introduced a bill that would safeguard employees from retaliation if they confront or try to confront thieves …
Beloved bargain retailer Christmas Tree Shops recently announced its decision to permanently close its doors on August 12th. This unfortunate development comes after the company filed for Chapter 11 bankruptcy three months ago. In an effort to clear out its remaining inventory, Christmas Tree Shops will be offering discounts of up to 80% on its …
Amazon exceeded expectations in terms of sales growth and profit, attributing its success to faster and more affordable delivery services and the resolution of cloud-computing challenges. This led to a significant increase in Amazon’s stock market value, surging by over 7% in after-hours trading. Despite the numerous obstacles faced by Amazon, the company remains committed …
Amazon announced on Monday that it achieved record delivery speeds in the US during the second quarter, while also making efforts to reduce costs. As the company prepares to report its Q2 financials on Thursday, investors are particularly interested in signs of growth in Amazon’s e-commerce business. Additionally, they seek updates on the performance of …
Federal agents investigating the renowned wine retailer, Sherry-Lehmann, recently conducted a thorough search at an office complex near New York City. The agents, consisting of about 20 members from the FBI and the US Postal Inspection Service, arrived at Blue Hill Plaza in Pearl River, NY early in the morning with a search warrant. They …
Amazon is implementing its return-to-office policy, which requires employees to be present in the office three days a week. As part of this policy, the company is asking some corporate workers to relocate to different cities. While Amazon has confirmed that relocations are taking place, they have not provided specific details on the number of …
The FBI raided the Park Avenue store of renowned wine seller Sherry-Lehmann on Tuesday, signifying the escalating legal troubles faced by the vintner. Sources reveal that federal agents, as part of a multi-law enforcement agency investigation, arrived at the store in the morning and remained on-site until evening. A Post reporter was informed by a …
David’s Bridal, the bankrupt wedding gown retailer, has received court approval to sell its business to asset manager Cion Investment Corp. in a no-cash transaction. This deal will allow 195 stores to remain open and avoid a complete shutdown. US Bankruptcy Judge Christine Gravelle stated that the employees, landlords, and creditors would be better off …
China’s renowned fast fashion retailer, Shein, is currently embroiled in a lawsuit that alleges the company’s flagrant copyright infringement practices amount to racketeering. In a recent filing, the plaintiffs assert that Shein’s continuous pattern of infringing on individual copyrights, which shows no signs of stopping, is indicative of a racketeering enterprise. To create a staggering …
Bankrupt retailer Bed Bath & Beyond is changing its strategy for selling its Buybuy Baby business. Rather than finding a buyer for the entire business, the company will now seek court approval for a limited sale of Buybuy Baby’s intellectual property assets. Previously, Dream On Me was declared as the lead bidder for the brand’s …