All Retail articles – Page 11
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ArticleUnder Armour facing SEC, DOJ accountancy probes
Following disclosure of the federal government’s investigation into allegations of sales manipulation dating back to 2017, sports apparel company Under Armour maintains its accounting practices are “appropriate.”
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ArticleEuropean Commission probing two retailers for possible collusion
The European Commission announced it has opened a formal antitrust investigation to assess whether two French groups of retailers—Casino Guichard-Perrachon and Les Mousquetaires—have coordinated their conduct in the market in breach of EU competition rules.
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ArticleSurvey: Consumers OK with retail privacy quid pro quo
Nearly three-fourths of respondents in a recent retail privacy survey said they are willing to share personal data in exchange for better pricing, special discounts, or exclusive offers.
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Genesco names new general counsel
Genesco has appointed Scott Becker as senior vice president, general counsel, and corporate secretary. He succeeds Roger Sisson, who retired from Genesco earlier this year.
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ArticleOxfam slams U.K. supermarkets over worker abuses in supply chains
In an effort to cut costs and raise revenue, U.K. supermarkets are endangering employees with such abuses as a lack of toilets, unsafe drinking water, and illnesses resulting from exposure to pesticides, says a new report from Oxfam.
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Pay.UK appoints chief risk officer
Pay.UK announced it has appointed Helen Hunter-Jones as chief risk officer.
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ArticleSEC ends accounting probe into PPG
PPG announced the SEC and Department of Justice have ended their investigation into alleged accounting irregularities by the company and will not be issuing a financial or any other penalty.
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ArticleCompliance key to Walmart’s revised stance on firearms
Walmart is planning to offer to the rest of the retail industry a chance to peer at its compliance controls as part of its efforts to address firearm safety following two recent shootings in its stores.
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Walmart adds two compliance execs
Walmart announced the hiring of Emma Waddell as vice president of financial services compliance and Joe Rodriguez as lead counsel of financial services.
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ArticleInternational Flavors and Fragrances discloses bribery investigation
International Flavors and Fragrances says it is investigating potential improper payments made in Russia and Ukraine by an Israeli-based company it acquired last year.
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ArticleFive compliance lessons from Walmart’s FCPA settlement
Walmart’s FCPA settlement serves as a cautionary tale for chief compliance officers everywhere of what not to do, but also on how to successfully redress underlying problems.
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National Vision names chief accounting officer
National Vision Holdings, an optical retailer, has appointed Melissa Rasmussen as chief accounting officer, effective July 29.
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EU investigating Amazon over antitrust concerns
The European Commission is investigating Amazon over concerns that the company’s use of data gathered from independent retailers that sell on its marketplace breaches EU competition rules.
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ArticleWhy CEOs today must be change leaders for social issues
The Wayfair walkout represents just the latest high-profile example of how social and policy issues continue to spill into the corporate ethics and compliance realm.
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ArticleWalmart agrees to $282.7M FCPA resolution
Walmart has agreed to pay a combined total of $282.7 million to resolve a more than seven-year investigation resulting from violations of the Foreign Corrupt Practices Act.
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Walmart names chief ethics and compliance officer for international
Walmart has appointed David Searle as vice president, chief ethics and compliance officer for international.
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ArticleBed Bath & Beyond revamps board; shareholders revolt
In response to shareholder backlash, Bed Bath & Beyond has made several changes to its board, as well as a series of additional governance enhancements, but activist investors say the changes aren’t enough and issued a joint statement expressing their many concerns.
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Office Depot chief accounting officer to resign
Office Depot announced in a securities filing that Scott Kriss, who was appointed chief accounting officer last year, informed the company of his decision to resign “for personal reasons,” effective in June.
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Diamonds not always the FTC’s best friend
The Federal Trade Commission has sent letters to jewelry marketers warning them that some of their advertisements for jewelry made with simulated or laboratory-created diamonds may be in violation of the FTC Act.
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Coupang names chief compliance officer, general counsel
Coupang, an e-commerce company and Korea’s largest online retailer, has appointed Jay Jorgensen as general counsel and chief compliance officer. Jorgensen is a recognized expert on corporate governance, most recently serving as the global chief ethics & compliance officer of Walmart.