Latest Retail Headlines
All the headlines from our Retail Topic Page, ordered by recency.
Walmart Agrees to Pay $282 Million to End 7-Year Global Bribe Investigation
Jun 21 2019 // Walmart Inc. agreed to pay $282 million in penalties and a Brazilian unit admitted to violating a U.S. anti-bribery law, providing a relatively subdued ending to a seven-year investigation that spanned the globe and at one...
Indiana’s Walmart Stores East to Pay $10K to Resolve Charge of Discrimination
May 2 2019 // Walmart Stores East LP in Indianapolis, Indiana, will pay $10,000 and furnish other relief to resolve a disability charge filed by the Indianapolis District Office of the U.S. Equal Employment Opportunity Commission...
From Insurers to Traders to Retailers, More Industries Depend on Weather Tracking
Apr 1 2019 // Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts. Eilts, senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an unexpected cold front in...
Nebraska Alcohol Retailers Told to Destroy Inventory Touched by Flood
Mar 28 2019 // Nebraska retailers who were hoping to salvage alcohol that was touched by floodwaters are out of luck. The Nebraska Liquor Control Commission said that stores must destroy any alcohol in containers that came into physical...
Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures
Mar 27 2019 // Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake-up in years in the city’s retail banking...
Ex-CEO, 7 Other Execs Blamed for $7.4B Accounting Fraud at S. Africa Retailer Steinhoff
Mar 19 2019 // Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO said told lawmakers on Tuesday. Steinhoff said...
Walmart’s Stills Named to RIMS 2019 Risk Management Honor Roll
Mar 7 2019 // David Stills, vice president, Global Risk Management at Arkansas-based Walmart Inc. has been named to the Risk Management Honor Roll by RIMS, the risk management society. Stills leads a team of over 550 risk management and...
Woman Injured at West Virginia Walmart Awarded Nearly $17M
Mar 7 2019 // A jury in West Virginia has returned a nearly $17 million verdict after a woman was injured when staffers tried to detain a shoplifter in Walmart. Jurors in Wood County, West Virginia, issued the verdict Monday. A lawyer...
Companies Still Learning About Fire Risks Around Robots
Mar 6 2019 // The Andover fire brigade was alerted at 2.34 a.m. About 2 miles across town, a fire had broken out in the early hours of Feb. 5 at a state-of-the-art Ocado Group Plc warehouse. Within minutes, firefighters were tackling a...
Gun Retailer Sued by Families of Texas Church Shooting Victims
Mar 4 2019 // Family members of victims of a Texas church shooting are suing a sporting goods chain that sold the weapons used in the 2017 massacre. The lawsuit filed in state district court in San Antonio alleges Academy Sports &...
UK Online Grocer Ocado Learns Lessons About Robotic Warehouses After Massive Fire
Mar 4 2019 // The Andover fire brigade was alerted at 2.34 a.m. About 2 miles across town, a fire had broken out in the early hours of Feb. 5 at a state-of-the-art Ocado Group Plc warehouse. Within minutes, firefighters were tackling a...
Things to Consider When Charging Broker Fees
Feb 18 2019 // A broker fee is a fee in addition to premium and commission that is charged by retail and wholesale insurance brokers and that ultimately is paid by the insurance buyer. Such fees are subject to two overriding rules: (1)...
Big deals
Feb 4 2019 // Marsh/JLT, Brown & Brown/Hays Topped 2018 P/C Agency Mergers A handful of big deals dominated the very busy property/casualty insurance agency and broker merger news cycle for 2018. Based on Insurance Journal...
Brightway Goes ‘All In’ on Independent Agents, Unveils No-Cost Path to Agency Ownership
Jan 21 2019 // On the heels of celebrating its 10-year anniversary, Jacksonville, Fla.-based Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, has unveiled...
Brightway Goes ‘All In’ on Independent Agents, Unveils No-Cost Path to Agency Ownership
Jan 10 2019 // On the heels of celebrating its 10-year anniversary, Jacksonville, Fla.-based Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, has unveiled...
Charman Promoted to CEO, Sompo Holdings Overseas Insurance; Frudd Named Int’l CEO
Dec 19 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that John Charman, currently chairman of the board of directors and chief executive...
Toy Wars: Lego Sues to Halt Sales of Zuru ‘Copycat’ Figurines at Walmart
Dec 14 2018 // Lego A/S wants to make sure any plastic toy figurine unwrapped in an American home during the holidays isn’t what the toymaker calls a copycat of its own products. The Danish toymaker is asking a federal judge in...
Patrick Ryan Hails Program Business Amid Retail Consolidation, Moves Toward MGAs
Nov 8 2018 // Target Markets Program Administrator Association Industry Keynote Speaker Patrick G. Ryan, founder, chairman and CEO, Ryan Specialty Group, addressed attendees at the group’s 18th Annual Summit on Oct. 22., in...
U.S. Lawsuit Accuses Walmart of Bias Against Pregnant Employees
Nov 5 2018 // Walmart is again being accused of violating federal law by failing to accommodate workers’ pregnancy-related medical restrictions. According to a lawsuit that was brought by the federal Equal Employment Opportunity...
Walmart Paying $65M to Settle California Suit Over Seating For Cashiers
Oct 12 2018 // Walmart Inc. has agreed to pay $65 million to nearly 100,000 current and former cashiers in California who accused the retailer of violating state law by refusing to provide them with seating while they worked. Walmart...
