All Retail articles – Page 4
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PremiumLarge companies in crosshairs early under German Supply Chain Act
Amazon, IKEA, and Volkswagen were among the companies targeted in the first round of complaints under the German Supply Chain Due Diligence Act—an early indication nongovernmental organizations will seek to hold big businesses accountable for alleged human rights violations.
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Blog
Swarovski appoints chief legal and compliance officer
Jewelry retailer and manufacturer Swarovski announced the appointment of Stephan Mechnig as chief legal and compliance officer, effective Oct. 1.
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News BriefLovesac facing shareholder pressure over accounting errors
The Lovesac Company disclosed it expects to restate certain of its 2023 financial statements after an internal investigation uncovered accounting errors related to its recording of last mile freight expenses.
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Blog
Tupperware Brands chief legal officer to resign
Tupperware Brands disclosed in a public filing Karen Sheehan, vice president, chief legal officer and corporate secretary, will resign.
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Blog
Citi Trends CCO to retire
Retail clothing chain Citi Trends announced in a public filing Vice President of Human Resources and Chief Compliance Officer Ivy Council plans to retire.
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PremiumCommon sanctions compliance trip points from 2023 enforcement cases
Penalties against companies including British American Tobacco, Wells Fargo, and Microsoft demonstrate the multiple ways in which businesses can run afoul of U.S. sanctions—an area receiving increased scrutiny by regulators.
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Blog
L’Oréal names chief DEI officer for North America
Cosmetics company L’Oréal announced the appointment of Liliahn Majeed as chief diversity, equity, and inclusion officer for North America.
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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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Blog
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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Blog
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.