Jim Tierney

USPS Defaults on Retiree Payments

| Jim Tierney

It appears that Congress won’t act on pending postal reform legislation this year, according to Gene Del Polito, the president of the trade group Association for Postal Commerce.

Trade Groups Have Different Views on Marketplace Equity Act

| Jim Tierney

The Marketplace Equity Act would repeal the 1992 Supreme Court decision, Quill Corp. vs. North Dakota, which said states are not allowed to require out-of-state companies to collect sales taxes unless that company has a physical presence, such as a store or warehouse, in the state.

Brentwood Associates Acquires Sundance Catalog

| Jim Tierney

Private equity firm Brentwood Associates has acquired a majority stake in women’s apparel and accessories, jewelry, and home furnishings seller Sundance Catalog from ACI Capital, Webster Capital and Sundance catalog founder Robert Redford, who will retain minority stakes in the 23-year-old company.