All Retail articles – Page 4
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PremiumFTC cases thrust COPPA compliance into spotlight
The Federal Trade Commission’s recent children’s privacy enforcement activity—including fines against Microsoft and Amazon—leaves no doubt businesses must make complying with the Children’s Online Privacy Protection Act a top priority.
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Blog
Rite Aid names chief legal officer
Rite Aid announced the appointment of Thomas Sabatino as executive vice president and chief legal officer.
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News BriefMurad to pay $3.3M for ‘egregious’ Iran sanctions lapses
California-based cosmetics company Murad, a subsidiary of Unilever, agreed to pay $3.3 million as part of a settlement with the Office of Foreign Assets Control addressing apparent Iran sanctions violations over an eight-year period.
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News BriefFRC probing Deloitte work at retailer Joules Group
The U.K. Financial Reporting Council launched an investigation into the work of Big Four audit firm Deloitte at collapsed clothing retailer Joules Group.
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PremiumKPMG survey finds CCOs gearing to add staff, increase tech spend
A new KPMG survey of chief compliance officers at Fortune 500 companies found nearly three out of every four expect to enhance their compliance functions in response to pressure from regulators and their own boards.
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News BriefLawmakers pressure SEC to examine Shein’s sourcing practices before IPO
Two dozen lawmakers have demanded the Securities and Exchange Commission require an independent third party to verify fast-fashion retailer Shein does not use Uyghur forced labor before allowing it to go public.
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News BriefFRC: KPMG audit failings at The Works exacerbated by Covid-19
The U.K. Financial Reporting Council fined Big Four audit firm KPMG approximately £1 million (U.S. $1.2 million) for deficiencies in its work on the 2020 year-end financials of discount retailer TheWorks.co.uk.
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News BriefFRC investigating EY audits of Made.com, unnamed firm
The U.K. Financial Reporting Council announced the launch of two separate investigations regarding audits performed by Big Four firm EY, including a probe into the 2021 financials of collapsed online furniture retailer Made.com.
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Blog
Lowe’s appoints chief legal officer
Retailer Lowe’s Companies announced the appointment of Juliette Pryor as executive vice president, chief legal officer and corporate secretary.
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Levi Strauss & Co. promotes deputy GC to general counsel
Clothing company Levi Strauss & Co. announced the promotion of Deputy General Counsel David Jedrzejek to general counsel.
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News BriefTupperware to delay annual report amid ICFR weaknesses
Tupperware Brands Corp. disclosed it uncovered material weaknesses in its internal control over financial reporting as part of an announcement its 2022 annual report would be delayed.
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News BriefDOJ intervenes in suit alleging Rite Aid helped fuel opioid crisis
The Department of Justice announced its intervention in a lawsuit alleging retail pharmacy chain Rite Aid filled hundreds of thousands of prescriptions for medically unnecessary oxycodone and other opioids in violation of multiple federal laws.
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Nike recruits ex-Twitter diversity head as chief DEI officer
Nike will fill its vacant chief diversity, equity, and inclusion officer role by hiring Twitter’s former DEI head James Loduca, according to a post on his LinkedIn profile.
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DLA Piper recruits CCO from Lidl US
Multinational law firm DLA Piper announced the appointment of Kristy Balsanek as partner in the firm’s regulatory and government affairs group.
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News BriefFRC probing PwC audits at collapsed property group Intu
The U.K. Financial Reporting Council launched an investigation into Big Four firm PwC’s audit work at collapsed real estate investment trust Intu Properties.
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Blog
FairPrice Group names first chief sustainability officer
Singapore-based grocery chain FairPrice Group announced the appointment of Chan Tee Seng as its first chief sustainability officer.
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CVS Health appoints chief DEI officer
CVS Health announced the appointment of Shari Slate as senior vice president and chief diversity, equity, and inclusion officer.
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PremiumEuropean labor laws showing teeth in crackdown on gig economy
Recent enforcement cases against food delivery company Glovo and online retailer Amazon in Spain have shone a spotlight on the compliance difficulties associated with engaging workers as freelancers rather than full-time employees.
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Blog
Etsy recruits general counsel from Meta
Online retailer Etsy announced the appointment of Colin Stretch as chief legal officer and corporate secretary.
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PremiumLearning from Wells Fargo: How Best Buy launched its enterprise risk and compliance function
Todd Hartman, general counsel and chief risk officer of Best Buy, shares the catalyst behind revamping the retailer’s second line of defense and the lasting benefits of separating compliance from legal.