PYMNTS

MARCH 15, 2019

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

Taxes 193

Taxes South Dakota Software Survey 193

PYMNTS

NOVEMBER 7, 2019

The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. For retailers and other firms, there’s the persistent lure of broadened reach into new markets. That means they must navigate tax collection nuances. Wayfair, Inc. ,

Taxes 100

Taxes South Dakota Online Compliance 100

PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. Google Raises Specter of Making Search Inaccessible in Australia.

Taxes 141

Taxes Google Compliance Apple 141

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

NOVEMBER 1, 2018

Amid a change in shopping habits from brick-and-mortar to eCommerce, online spending is expected to reach $124.1 To arrive at the forecast, Adobe Analytics took a look at transactions at 80 of the top 100 retailers in the United States along with visits by consumers to U.S. retail websites. retail websites.

Online 160

Online United States Retail Analytics 160

PYMNTS

DECEMBER 16, 2020

Amid the commission caps, and amid the pandemic’s tailwind that has spurred a great digital shift toward food delivery through online channels – might eateries and aggregators be partnering to navigate a post-COVID future? The ability to order food online and the ability to pay for it digitally came in a close second and third, cited by 38.5

National 160

National New York City Policies New Jersey 160

PYMNTS

FEBRUARY 23, 2017

While most adults typically are excited about receiving their tax refunds to splurge on luxury items, research from the National Retail Federation (NRF) and Prosper Insights & Analytics is telling a different story. Here are the numbers: 48 percent | Percentage who plan to put tax refunds into savings.

Taxes 100

Taxes Data Analytics Survey 100

PYMNTS

SEPTEMBER 1, 2016

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101

Taxes South Carolina Colorado New Jersey 101

PYMNTS

JANUARY 3, 2020

Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans. The retail sector is among the largest employers in the U.K.,

Retail 131

Retail Samsung National Taxes 131

PYMNTS

JUNE 5, 2020

Large international organizations, in addition to small to mid-sized businesses (SMBs) are using CitiDirect BE to take in funds, pay suppliers, ensure sufficient cash flow and pay taxes and bills, American Banker reported. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

PYMNTS

FEBRUARY 6, 2019

The National Retail Federation (NRF) predicts that retail sales this year will increase between 3.8 More people are working, they’re making more money, their taxes are lower and their confidence remains high. Preliminary estimates show that last year’s retail sales grew 4.6 percent and 4.4 percent to $3.68

Retail 116

Retail Taxes National Marketing 116

PYMNTS

FEBRUARY 21, 2018

Walmart also expanded its buy online/pick up in store capacity, grew its digital payments platform ( Walmart Pay ) and generally re-centered its focus on integrating its massive physical scale with its upgraded eCommerce efforts. That mild miss, Walmart noted, came as the firm pulled forward some investments for tax purposes.

Online 100

Online Taxes Branding Retail 100

PYMNTS

APRIL 28, 2019

If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report. It is the first state to let businesses pay their taxes with cryptocurrency. company to pay taxes with bitcoin. company to pay taxes with bitcoin. “We

Ohio 149

Ohio blockchain Columbus Taxes 149

PYMNTS

APRIL 16, 2018

retail sales bounced back a bit in March, according to figures just released by the Commerce Department, The Wall Street Journal reported. After retail pulled back so sharply following the heavy-spending holiday period, what stimulated the speed up last month? After looking sluggish in the first few months of the year, U.S.

Retail 110

Retail Taxes National Trends 110

PYMNTS

AUGUST 24, 2020

The services are not currently registered as distinct entities, although they are provided to users in the nation. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.

social media 152

social media Data Apple Compliance 152

Abrigo

DECEMBER 18, 2023

Use portfolio risk management tools, which make it easier to continue supporting local and national economies prudently. Retail and multi-family CRE opportunities Similarly, retail CRE has been painted as too risky because of online sellers’ growth. The impact is not consistent.”

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

MAY 12, 2020

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. The closures represent a loss of nearly $17 billion in annual revenue, 15,000 jobs and millions in tax revenue.

Survey 200

Survey California Taxes Online 200

PYMNTS

FEBRUARY 29, 2016

Last week, Sears CEO Edward Lampert got personal as he went into detail about the retailer’s continuing woes and the challenges it (and many other “old-line” retailers like it) face in a rapidly changing industry. According to a new projection from National Retail Federation, retail sales are estimated to grow just 3.1

Retail 100

Retail Branding Taxes Operations 100

PYMNTS

NOVEMBER 23, 2020

Panera Bread announced that its MyPanera+ Coffee Subscription is available for gifting, noting that it’s the first national restaurant firm to provide a limitless subscription for “premium hot drip coffee, iced coffee and hot tea,” according to a Monday (Nov. per month in addition to tax. 23) announcement.

Taxes 141

Taxes United States National Branding 141

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. Booth has been arrested twice for retail return fraud related to gift cards and is now in recovery from heroin and oxycodone addiction at Gateway with Smith.

Retail 105

Retail Fraud Cards Florida 105

PYMNTS

SEPTEMBER 8, 2020

But nowadays, “every decision that we make — ‘Should I go to the grocery store or should I order my groceries online and then pick them up from the curb? Should I leverage the online capabilities?’ — taxes that budget,” Gauthier said. As long as retailers focus on creating such safe spaces, he said, “the future is bright.”.

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

DECEMBER 20, 2018

adults plan to shop on “Super Saturday” for holiday presents, spending an average of $173 in-store and online. And Johnson said that retailers should be happy about what day Christmas happens to fall on this year. In October, a National Retail Federation (NRF) survey found that consumers are expected to spend an average of $1,007.24

US 119

US National Retail Taxes 119

PYMNTS

JANUARY 10, 2017

Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternative credit sources when financial emergencies hit, often in the form of a payday, title, tax refund anticipation or installment loan. SNAP online . It doesn’t stop there.

Online 100

Online Chicago New York Mississippi 100

PYMNTS

MAY 2, 2016

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. Supreme Court precedent that retailers around the nation have relied upon for decades. North Dakota.”.

South Dakota 100

South Dakota North Dakota Taxes United States 100

PYMNTS

MARCH 15, 2019

AMC Product Marketing Vice President Tonya Mangels said in an announcement for the offering, “We are routinely seeing some 45 percent of all AMC ticket purchases processed online, and the mobile order option is another way we’re making a trip to the movies more convenient for guests.” In Other Brick-And-Mortar News. million compared to $323.4

Mobile 108

Mobile Retail Houston Denver 108

PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. And the numbers in this regard don’t lie: Physical retail is growing at a rate of about 3.6 According to PepsiCo CEO Indra K.

Retail 124

Retail Branding Mobile Strategy 124

PYMNTS

FEBRUARY 12, 2018

As Amazon gears up to compete with rivals in Brazil, the eCommerce retailer is reportedly seeking to lease a 50,000-square-meter warehouse near São Paulo. But the investment could change that distribution strategy, revealing that Amazon is stepping up its efforts in the Latin American nation. and B2w Cia Digital.

Los Angeles 122

Los Angeles Retail Taxes National 122

PYMNTS

DECEMBER 1, 2020

Three out of every four consumers who shopped for their holiday purchases on Black Friday this year made at least one of those purchases online, and three in 10 exclusively shopped online, according to exclusive PYMNTS Black Friday data. That includes features such as the option to purchase online and pick up curbside (34.2

Online 163

Online Data Comparison Mobile 163

PYMNTS

NOVEMBER 2, 2018

Online spending will increase nearly 15 percent compared with last year, reaching $124.1 That projection took into account transactions at 80 of the top 100 retailers in the United States, along with visits by consumers to U.S. retail websites. Overall holiday retail sales, by contrast, will increase 4.8 Amazon’s Problem.

Apple 130

Apple Retail Maine United States 130

PYMNTS

DECEMBER 2, 2016

Want tax cuts? Business tax cuts: The corporate world had reason to cheer this week, when Trump’s pick for incoming treasury secretary, Steve Mnuchin, stated that the number one priority in terms of regulation is to roll back parts of Dodd-Frank. percent less according to the National Retail Federation. Plenty bad.

Retail 100

Retail Taxes Data social media 100

PYMNTS

JANUARY 28, 2019

And so, nationalism comes full force to eCommerce, focused on the United States and India, offering another drama, another stage, another possible battle over trade. million fewer jobs would be created, and the government would collect $6 billion less in taxes. and a Bit of Nationalism. A Bit of History. In tandem, more than 1.1

Course 188

Course National Online Google 188

PYMNTS

MAY 4, 2016

With the focus on making cross-border commerce as fluid and intuitive for consumers as it can be for the retailers themselves, it can be more than a little jarring to be reminded that actual borders exist underneath it all. Like the retail economy that rests on it, potential geopolitical instability is a global problem. percent tax.

Taxes 100

Taxes Retail Branding Apple 100

PYMNTS

MARCH 11, 2016

Which retail store do you live closer to — Target or Walmart? Fortune shares that a new report from online real estate company RealtyTrac analyzed the value (including appreciation and property taxes) of homes located in U.S. The answer could affect the worth of your home.

Study 100

Study Taxes Community National 100

PYMNTS

JUNE 29, 2018

Google is getting into the grocery delivery market, with NBC News reporting that it is testing a same-day delivery service that will bring food and other online orders to consumers’ doorsteps. The idea behind it, noted NBC News, is for Google to make people even more reliant on the Internet so it can turn around and sell more online ads.

San Francisco 100

San Francisco Google Seattle Washington 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

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

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data.

Regulation 102

Regulation Data Exercises Online 102