PYMNTS

OCTOBER 24, 2019

The 2018 South Dakota v. Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101

Taxes San Jose Kansas South Dakota 101

PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. The Cambridge Centre for Alternative Finance released a study last year, finding a sharp increase in the onboarding of new cryptocurrency users, rising from 18 million at the end of 2017 to 35 million at the end of 2018, Invest in Blockchain reports said.

Taxes 145

Taxes Ohio cryptocurrency Payments 145

PYMNTS

APRIL 5, 2018

Filing taxes is hardly a walk in the park. Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7

Taxes 100

Taxes Tools Payments Cards 100

PYMNTS

JULY 19, 2018

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. Retailers have reason to want to tap into it because back-to-school shopping is an incredibly valuable run of commerce activity. How Tax Holidays Work. That spend is big spend.

Taxes 101

Taxes Trends Massachusetts Louisiana 101

PYMNTS

OCTOBER 28, 2019

The 2018 South Dakota v. An additional 12 states have added or amended marketplace facilitator laws, and even more states are slated to implement remote seller tax laws in the next few years. . New remote seller laws hinder sales tax avoidance, and states are using the Wayfair ruling to apply additional tax forms to these sellers.

South Dakota 105

South Dakota Taxes Retail Arizona 105

PYMNTS

OCTOBER 3, 2019

sales tax obligations via the company’s sales tax application programming interface (API). Wayfair last year, many online retailers now have to collect sales tax in additional states. TaxCloud is delighted to support retailers’ ability to be compliant with the changing sales tax landscape in the U.S.

South Dakota 164

South Dakota North Dakota Taxes Retail 164

PYMNTS

JUNE 20, 2019

No, that doesn’t mean that PYMNTS takes sides in the struggle for retail supremacy, but only that we like to note when someone or some organization mounts a challenge to the eCommerce and logistical behemoth. High-End Retail. The battle for Amazon retail supremacy also involves pets. Retail Challenge.

Retail 125

Retail Innovation Online Taxes 125

PYMNTS

FEBRUARY 13, 2019

In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 million in 2018 — up nearly 8 percent from $247 million in 2017. million in 2018 — up nearly 8 percent from $247 million in 2017.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

FEBRUARY 20, 2019

Worldwide legal cannabis products represented a $55 billion market in 2018, and most analysts estimate that it will have nearly tripled to reach $147 billion by 2025. the domestic market for legal cannabis in 2018 was $9.1 Here in the U.S., By 2025, estimates put it in the $15 billion range.

Retail 136

Retail District of Columbia San Francisco Denver 136

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

SEPTEMBER 30, 2019

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported.

Retail 148

Retail Taxes Analytics America 148

PYMNTS

NOVEMBER 6, 2020

Walmart, the world’s largest brick-and-mortar retailer, announced Friday (Nov. 6) it would sell its retail operations in Argentina to Grupo de Narváez, a top South American supermarket chain. Walmart did not disclose the price of the deal, but it did report to the U.S. Argentina faces trouble on two fronts.

Retail 152

Retail Taxes Regional Operations 152

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. The government plans to spend 4.75 suggests businesses could be following suit.

Cards 188

Cards Payments Taxes Study 188

Gonzobanker

FEBRUARY 7, 2018

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.

Taxes 75

Taxes Video Analytics Arkansas 75

PYMNTS

JUNE 14, 2018

Sizzle of the Week: Retail’s 2018 Rebound. Retail has had a rough couple of years, as most players that aren’t Amazon have struggled to cross the digital, omnichannel chasm. On the whole, with some notable exceptions, retail has landed on our Fizzle list more often than the Sizzle list in recent memory.

Retail 108

Retail Bitcoin Course America 108

PYMNTS

OCTOBER 23, 2019

The trend promises to heat up even more in the 2020s, and in a new PYMNTS interview, Butch Langlois, president, North America, for cloud-based retail management software seller Vend , provided an in-depth tour of those changes and a glimpse of what’s to come. The average American ate out 185 times in 2018 — dropping from 216 times in 2000.

Retail 101

Retail System Mobile Innovation 101

PYMNTS

MARCH 12, 2019

In addition, the problem of fraudulent tax returns could keep growing as digital processes come to the tax-filing-and-return space. 172 billion: The value of peer-to-peer (P2P) transfers consumers made via their bank accounts in 2018. 10 : The number of countries in the region in which Grab operates.

Taxes 122

Taxes Regional Data Mobile 122

PYMNTS

FEBRUARY 20, 2020

home and fashion-ware retailer. The retailer said the agreement did not constitute a cash injection from MUI Asia. before taxes and exceptional items and repaid debt using the proceeds of property sales. The company operates 155 stores in the U.K. The agreement should help the struggling U.K.

Maine 130

Maine Taxes Retail Groups 130

Bank Innovation

OCTOBER 27, 2017

EXCLUSIVE- With two products and a recently announced partnership with tax preparation software provider Intuit, Marcus by Goldman Sachs is keen on growing its brand through more new partnerships and products in 2018. The […].

Las Vegas 186

Las Vegas Taxes Software Branding 186

PYMNTS

JULY 3, 2019

In December , local Chinese vendors operating in Yiwu International Trade City were upbeat about the future. . tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expected cross-border sales to grow.

Training 130

Training Online Taxes Operations 130

PYMNTS

JULY 17, 2017

Citing an improved traffic and retail shopping trend, retailer Target upped its comparable target sales for Q2 2017. benefit in Target stocks, driven by the net tax effect of the company’s global sourcing operations. of pressure related to the unfavorable resolution of tax matters.

Taxes 102

Taxes Retail Trends Branding 102

PYMNTS

DECEMBER 26, 2018

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expect cross-border sales to grow.

Training 126

Training Taxes Online Operations 126

PYMNTS

SEPTEMBER 6, 2019

Trade wars or not, cross-border commerce is among the hottest and most important trends in payments and retail, and that was underscored this week by China-based Alibaba’s announcement that it will buy NetEase ’s cross-border retail platform Kaola for $2 billion. billion in 2018, noted the report.

Online 131

Online Retail Operations Report 131

PYMNTS

SEPTEMBER 3, 2019

Europe’s The Restaurant Group (TRG), which operates over 650 restaurants and pubs across the country, is closing 150 eateries, Financial Times reported on Tuesday (Sept. million pre-tax loss for the first half of this year. In 2018, there were 1,442 restaurant insolvencies, an increase of 40 percent from the prior year.

Groups 109

Groups Taxes Branding Study 109

PYMNTS

AUGUST 23, 2018

The home improvement retailer reported net income of $1.52 We are committed to driving even stronger performance in the future by sharpening our focus on retail fundamentals and by limiting any projects and initiatives that take us away from our core mission of being a great omnichannel home improvement retailer.”.

Retail 100

Retail Taxes Capital US 100

PYMNTS

JANUARY 8, 2018

The sell-side firm upgraded its rating on the company last week, stating that the stock should be a relative outperformer through the remainder of 2018. At the same time, the company has a strong driver and ordering operation in place, which should keep growth intact. The rating went from neutral to outperform.

Retail 100

Retail Michigan Conference Taxes 100

PYMNTS

APRIL 12, 2019

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. The move comes as cities and states are passing bans on cashless retail establishments, on the argument that such retail discriminates against unbanked consumers.

Taxes 100

Taxes Retail Columbus Operations 100

PYMNTS

NOVEMBER 2, 2018

After Halloween comes the lucrative holiday shopping season — sorry, Thanksgiving, but you’re only a speed bump — but there are serious questions about how happy the fourth quarter will be for some big eCommerce operators. retail websites. Overall holiday retail sales, by contrast, will increase 4.8 Amazon’s Problem.

Apple 130

Apple Retail Maine United States 130

PYMNTS

MAY 8, 2020

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. The importance of fast, secure disbursements might hold a different weight now that players are betting online more often and more readily looking for the speeds they experience with typical retail transactions.

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

APRIL 4, 2019

Operational costs and wages are on the rise — pulling down margins — locations are closing and the costs of building out new inventory to replace the shops that are closing down is at all all-time high. billion in 2018. According to the report, total U.S. convenience stores sales surged 8.9 percent to $654.3 percent of total sales.

Operations 102

Operations Trends Marketing Strategies Retail 102

PYMNTS

JANUARY 21, 2019

CEO Tina Sharkey believes that while consumers certainly want high-quality goods, they are tired of paying what she calls the “brand tax” for access to them. That tax, she noted , encompasses marketing, retailer margins and other expenses that can typically push up prices on brand-name beauty products by as much as 30 percent.

Branding 152

Branding Taxes Retail Marketing 152

PYMNTS

FEBRUARY 3, 2020

There was lots to watch in the world of payments and commerce last week, with red flags flown in physical retail, international commerce and crypto. Physical Retail Stumbles Into 2020 . The year got off to something of a rocky start for physical retailers, as the recent spike in store closures carried on and even picked up strength.

Bitcoin 132

Bitcoin Data Retail Charlotte 132

PYMNTS

FEBRUARY 21, 2018

That was on top of news that Walmart’s increased profit-margin pressure was pushing an annual revenue estimate for 2018 that missed investor expectations. That mild miss, Walmart noted, came as the firm pulled forward some investments for tax purposes. Same-store sales, physical retail’s most-watched metric, grew 2.6

Online 100

Online Taxes Branding Retail 100

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

MAY 21, 2018

Magento brings digital commerce enablement and order orchestration to the Adobe Experience Cloud for both physical and digital goods across a range of industries, from consumer-packaged goods (CPG) to retail and manufacturing. Until the close of the transaction, each company will continue to operate independently.

Community 114

Community Taxes Branding Groups 114

PYMNTS

JANUARY 16, 2020

To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. raised $550 million in its initial public offering (IPO) in June of 2018. New day, new multi-billion-dollar deal within the payments space. billion euros. The IPO – and Other Attractions.

Payments 100

Payments Taxes Groups Fintech 100

CB Insights

FEBRUARY 13, 2020

Sigma aims to streamline business operations. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations. Stripe often states that less than 8% of total commerce occurs online, suggesting roughly $26T in global, omnichannel retail sales. Source: Stripe.

Online 98

Online Company Retail Payments 98