Law & Trade
The competition regulator and Coles are in confidential discussions to settle unconscionable conduct cases relating to the supermarket chain's treatment of suppliers.
The ACCC recently alleged that Australia's second-largest retailer breached the law by engaging in unconscionable conduct against five suppliers. It alleged Coles forced suppliers to pay "gaps" in the profit it made and the profits it wanted to make on products such as frozen food, potato chips and shower cleaner, even when it had no legitimate basis to do so.
The Supreme Court has rejected a lawsuit filed by Uniqlo demanding damages over a book that describes overwork situations faced by its managers.
The top court's Third Petty Bench made a decision, dated Tuesday, not to accept the plaintiff's appeal against lower court rulings that deemed core parts of the book to be true.
According to the lower court rulings, the book, published in 2011 by Bungeishunju Ltd., claims that a Uniqlo store manager worked more than 300 hours per month, including unpaid overtime, and that the employer ignored the situation.
The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts. In letters to the ministries of finance and commerce, those with significant interests in the retail business such as Reliance Industries Ltd (RIL), Aditya Birla Group, ITC, Bharti and Future Group have complained against predatory pricing on e-commerce platforms.
They have also sought clarity in norms for the e-commerce sector, as well as for the overall retail sector.
The Consumer Affairs Ministry is working out a proposal to iron out regulatory ambiguities surrounding direct selling and e-commerce that treat them on a par with money-making deposit schemes.
Alibaba is taking on Amazon's habitual role as public enemy number one for traditional US retailers, as the Chinese ecommerce group is dragged into a political fight in Washington over its global ambitions.
Bricks-and-mortar retailers, which spent years attacking Amazon for profiting from what they call a sales tax loophole, have turned their fire on Alibaba by warning that the Chinese group will be its next beneficiary.
Questioning the genuineness of the products sold by the online retailers, apex industry chamber Federation of Indian Chambers of Commerce and industry (FICCI) has sought scrutiny of these items to check counterfeiting.
The health ministry has accepted an expert panel’s recommendation of a complete ban on the sale of loose cigarette sticks in the country. The recommendations, reviewed by Business Standard, include a higher penalty for not specifying nicotine and tar contents. It has also suggested that under Section 20 of the Cigarettes and Other Tobacco Products Act, 2003, the penalty be increased from Rs 5,000 (USD80.9) to Rs 50,000 (USD809.1).
Small and medium electronics and hardware dealers across Karnataka shut shop on Monday to protest against the allegedly unfair practices of their online counterparts, leading to huge losses.
Landlords in the prime districts of Central and Admiralty are being urged by Italian brands to offer short-term rent cuts as foot traffic has been hit by the prolonged Occupy Central protests, according to the president of the Italian Chamber of Commerce.
Shanghai inspection and quarantine authorities have urged the public to be careful while making online purchases abroad. Officials said they had intercepted nearly 10,000 boxes of yoghurt in 140 batches this year, most of them delivered from France, Germany, Austria and other European countries, the Shanghai Morning Post reported on Thursday.