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Dollar General Hit with $1M More in OSHA Fines, Bringing Total Since 2017 to $15M

Retail TouchPoints

The company has been fined $15 million since 2017 for safety hazards, according to a strongly worded OSHA statement outlining the new violations. OSHA said that since 2017 it has cited Dollar General in more than 180 inspections nationwide for numerous “willful, repeat and serious workplace safety violations related to unsafe conditions.”

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Costco to Boost Membership Fees for First Time Since 2017

Retail TouchPoints

Costco will raise its annual membership fees, one of its primary sources of revenue, for the first time in over six years. Gold Star, Business and Business Add-On memberships will increase from $60 to $65 on Sept. 1, 2024, and Executive memberships will rise from $120 to $130.

Planning 162
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Former Steinhoff leader found dead after massive fine levied

Inside Retail

Jooste, aged 63, was charged for making false and misleading Steinhoff’s financial statements between 2014 and 2017, according to the Australian Financial Review (AFR). Steinhoff revealed holes in its accounts in December 2017, the first sign of an accounting fraud that led to the near-collapse of the retailer, Reuters reported.

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Nordstrom Financial Chief Bramman Steps Down; Insider Appointed Interim CFO

Retail TouchPoints

Nordstrom CFO Anne Bramman will step down from the role she has filled since 2017 on Dec. Bramman served as CFO and SVP of Carnival Cruise Line from 2010 to 2015 and Avery Dennison from 2015 to 2017. 2, 2022, which will allow her to stay through the retailer’s Q3 2022 financial reporting.

Finance 278
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Costco Must Pay $2M Over Misleading Flushable Wipes

Retail Wire

The lawsuit, representing customers who purchased the wipes in New York between July 1, 2011, and May 31, 2017, claims that the wipes were not actually flushable and instead ended up causing significant damage to people's plumbing and septic systems.

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Rue21 Files for Third Bankruptcy, Plans to Close all 500+ Stores

Retail TouchPoints

The company first filed for bankruptcy in 2002 , then again in 2017. After emerging from its 2017 bankruptcy, Rue21 made a concerted effort to adapt to today’s shoppers, with a new loyalty program and revamped executive team that included a new CEO and CIO , both of whom joined from GNC in 2023.

Planning 263
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Under Armour Begins Search for New CEO as Frisk Steps Down

Retail TouchPoints

Frisk, who has been with the company since 2017 and at the helm since 2020, will stay on as an advisor through Sept. The last five years have been a turbulent period for the sportswear brand, which saw business begin to slide in 2017 following years of record growth. 1, 2022 to help with the leadership transition.

Wholesale 288