News

RILA Pushes Congress on Health Care

BY CSA STAFF

Arlington, VA, The Retail Industry Leaders Association (RILA) has urged Congress to take strong action to reduce health care costs and expand coverage.

“We urge Congress to work with the president to make health care reform a top priority of 2006, and to support legislation that reduces health care costs, puts more control in the hands of health care consumers and addresses the needs of the uninsured,” RILA president Sandy Kennedy said.

Kennedy also said some states are setting a bad precedent by trying to shift the burden of health care costs onto large employers by imposing discriminatory health care mandates.

“Targeting one sector of the economy is a misguided approach that does nothing to address the skyrocketing cost of health care or the other underlying challenges facing our health care system,” she said.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Ex-Wal-Mart Exec Pleads Guilty to Fraud

BY CSA STAFF

Fort Smith, Ark., Tom Coughlin, former vice chairman of Wal-Mart Stores, pleaded guilty to fraud and tax charges on Tuesday, admitting that he stole money, gift cards and merchandise from the world’s largest retailer.

Coughlin, 57, faces a maximum of 28 years in prison after pleading guilty to five counts of wire fraud and one count of filing a false tax return. He also could be fined $1.35 million. The judge ordered a presentencing report that will take up to 14 weeks to prepare. In documents filed with the court, Coughlin specifically admitted defrauding the company to pay for the care of his hunting dogs, lease a private hunting area, upgrade his pickup truck, buy liquor and a cooler, and receive $3,100 in cash.

The former executive said his guilty plea was in the best interest of his family, friends and community.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Boscov’s Inc. Chairman, President Announce Retirement

BY CSA STAFF

New York City, Boscov’s Inc. chairman Edwin Lakin and president Albert Boscov announced their retirements Monday from the $1.1 billion retail company. Boscov, 76, is the son of Solomon Boscov, a Russian immigrant who founded the chain in 1911 by selling goods from a horse-drawn wagon.

Ken Lakin, the son of Edwin Lakin and nephew of Albert Boscov, who has been running the department stores as CEO, was named chairman and CEO of the corporation, the holding company for the department stores.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...