All Retail articles – Page 5
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Dollar Tree fills compliance, diversity, sustainability officer roles
Discount retailer Dollar Tree announced the appointments of three different executives to lead its compliance (Jennifer Bohaty), diversity (Terence Goods), and sustainability (Jennifer Silberman) efforts.
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ArticleWalmart to pay $3.1B in nationwide opioid settlement
Walmart announced it agreed to a $3.1 billion nationwide settlement designed to resolve all the potential state lawsuits it faces for its alleged role in fueling the opioid epidemic.
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Victoria’s Secret promotes compliance VP to CECO
Clothing retailer Victoria’s Secret promoted Forrest Deegan to chief ethics and compliance officer.
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Bath & Body Works hires chief diversity officer
Retail store chain Bath & Body Works announced the appointment of Kelie Charles as vice president, chief diversity officer.
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ArticleFTC places restrictions on CEO in Drizly enforcement proposal
The Federal Trade Commission announced a tentative settlement with online alcohol delivery platform Drizly and its chief executive officer regarding a data breach affecting 2.5 million consumers and the alleged lax security that allowed it to happen.
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ArticleMattel fined $3.5M over accounting misstatements; ex-PwC partner could face discipline
The Securities and Exchange Commission fined Mattel $3.5 million for allegedly overstating tax expenses and initiated litigation against a former PwC partner accused of failing to inform the toy company’s audit committee about its financial statement errors.
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ArticleFashion retailer Zoetop to pay $1.9M over data breach response
Zoetop, parent company to online clothing retailers SHEIN and ROMWE, agreed to pay $1.9 million as part of a settlement with the New York Attorney General’s Office for failing to properly protect customer information compromised during a 2018 data breach.
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ArticleEasylife fined $1.5M under GDPR for profiling customers
The Information Commissioner’s Office fined catalog retailer Easylife £1.35 million (U.S. $1.5 million) for marketing health-related products to individuals without their consent in violation of the U.K. General Data Protection Regulation.
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ArticleFRC probing Mazars audit of Studio Retail Group
The U.K. Financial Reporting Council announced it opened an investigation into accounting firm Mazars regarding its audit of financial statements at Studio Retail Group.
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ArticleTupperware Brands fined $900K for accounting failures at Mexico unit
Tupperware Brands Corp. agreed to pay $900,000 to settle SEC charges of failing to maintain sufficient internal accounting controls and keep accurate books and records at its Mexico affiliate.
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PremiumESG Summit: How Rite Aid is preparing to comply with SEC’s climate disclosure rule
Amanda Patrick, Rite Aid’s director of ESG/corporate sustainability, shared the retail pharmacy chain’s sustainability journey so far and how it is readying to meet the SEC’s potential disclosure mandates during her keynote address at CW’s virtual ESG Summit.
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ArticleOpioid cases against retail pharmacy chains yield compliance lessons
Two cases involving five retail pharmacy chains winding their way through court foretell a long and costly road ahead for all companies across the pharmaceutical supply chain battling litigation for their alleged roles in fueling the opioid epidemic.
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Walgreens appoints U.S. head of ESG, DEI
Retailer Walgreens Boots Alliance announced the promotion of Vice President of Federal Government Relations Alethia Jackson to senior vice president of ESG and chief DEI officer for the United States, effective Oct. 1.
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ArticleEU countries take varied approaches to combating greenwashing
European regulators are taking greater steps to clamp down on companies’ misleading ESG claims, but experience shows different countries have differing priorities about tackling dishonest marketing.
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ArticleSephora fined $1.2M in first public CCPA enforcement
Cosmetics retailer Sephora agreed to pay $1.2 million in the first public enforcement action under California’s landmark consumer privacy law.
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ArticleDOJ-informed compliance guidance helps Home Depot prep for potential scrutiny
How can a company prove its compliance bona fides to a regulator, should one ever come knocking on its door? The Home Depot has prepared for such a scenario with detailed guidance pegged to the DOJ’s “Evaluation of Corporate Compliance Programs.”
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ArticleOne year later, Amazon GDPR fine details remain clouded
It’s been one year since online retailer Amazon announced it was on the receiving end of a record €746 million (U.S. $758 million) fine under the General Data Protection Regulation, but details about the decision—as well as the actual complaint—remain sketchy.
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ArticleWawa to pay states $8M for data security failures in 2019 breach
East Coast convenience store chain Wawa agreed to pay $8 million in a settlement with a coalition of seven attorneys general over its 2019 data breach that exposed the debit and credit card information of approximately 34 million payment cards.
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Nike promotes vice president of DEI to chief DEI officer
Jarvis Sam, Nike’s vice president of global diversity, equity, and inclusion, announced his promotion to chief diversity, equity, and inclusion officer.
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ArticleGrant Thornton UK to pay $1.6M over Sports Direct audit failings
Grant Thornton UK was fined a total of approximately £1.3 million (U.S. $1.6 million) by the Financial Reporting Council for failing to provide reasonable assurance during two separate audits at retailer Sports Direct International.