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Lawsuit Targets Wal-Mart

BY CSA STAFF

Los Angeles, Alawsuit filed Tuesday accuses Wal-Mart Stores of failing to monitor labor conditions at overseas factories that allegedly maintained sweatshop conditions. The suit seeks class-action status and claims Southern California grocery workers were harmed because Wal-Mart’s low prices, made possible by the alleged substandard overseas factories, forced competing grocery chains to cut wages and benefits.

Beth Keck, a Wal-Mart spokeswoman, said the company has not seen the lawsuit but had begun researching the issues it raises.

The lawsuit was filed in Superior Court in Los Angles under California’s Unfair Business Practices Act. It was organized by the Washington, D.C.-based International Labor Rights Fund. The suit seeks a jury trial and unspecified compensatory damages. It was filed on behalf of two classes of plaintiffs. The first includes factory workers in a variety of overseas locations, including China and Bangladesh. The second group includes California grocery workers at stores such as Ralphs and Vons.

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SmartBargains Names New CEO and President

BY CSA STAFF

Boston, Off-price e-retailer SmartBargains named Benjamin Fischman as president and CEO. Fischman previously headed the company’s marketing and sales efforts. Prior to joining SmartBargains, he founded Lids Inc., a specialty hatwear retailer.

SmartBargains also announced that it has received a commitment for $18 million in equity funding from its investors, including Highland Capital Partners, Maveron, General Catalyst, Gordon Bros. and Time Warner.

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SmartBargains Names New CEO and President

BY CSA STAFF

Boston, Off-price e-retailer SmartBargains named Benjamin Fischman as president and CEO. Fischman previously headed the company’s marketing and sales efforts. Prior to joining SmartBargains, he founded Lids Inc., a specialty hatwear retailer.

SmartBargains also announced that it has received a commitment for $18 million in equity funding from its investors, including Highland Capital Partners, Maveron, General Catalyst, Gordon Bros. and Time Warner.

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