L brand is a fashion retailing company. Any kind of retailing company are impacted by following kinds of regulations:
- Federal Trade Commission: FTC has the jurisdiction over both consumer protection and inter-business competition. As the B2C (business -to-consumer) are primary business of any retail company, FTC will impose regulation on it. Also, it will monitor inter-business competition, for example if multiple retail companies are making cartels/ introducing predatory pricing
- Department of Labor: DOL has the supervising authority over retail companies in ensuring that minimum wage rules/ working hours/ working conditions of the employee are well taken care of by the retailers.
- Taxes: Even though taxes are not considered to be a regulation, still retailer companies has to be complaint with the tax rules. American retailers pays one of the highest corporate tax, hence tax rules is automatically inevitable for the retail companies.
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