PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. We launched our first distributed ledger technology in trade finance as early as 2017. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form.

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PYMNTS

APRIL 24, 2019

Brazilian retailer Magazine Luiza has announced that it will be selling books online, which could be picked up in one of its almost 1,000 stores. The company is aiming to compete directly with Amazon , which launched its online Brazilian operations in 2012.

Retail 108

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Gonzobanker

JANUARY 4, 2018

PayPal’s move into P2P gift cards is aligned with consumers’ interest in using PayPal for retail purposes. The card processing landscape experienced significant changes in 2017, and this shift in players will impact financial institutions well into the future. Heloc Tax Deduction Suspension. PayPal Launches Gift Cards.

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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.

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PYMNTS

APRIL 5, 2018

retailers (or any foreign players) to establish a strong presence in the Chinese market. For China, the tax hikes target everything from soybeans to aircrafts. retail brand flavor with design elements such as reclaimed wood walls, vintage furniture and inlaid gold accents against the company’s signature green coloring.

Retail 115

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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 sales are up 5.9

Retail 108

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Gonzobanker

DECEMBER 19, 2017

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Monty Python “I’m Not Dead … Yet” Award – Goes to physical retail. GONZOBANKER’S ROCK RIP LIST – 2017.

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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.

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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. Laura Ashley has not paid a dividend since 2017. The company operates 155 stores in the U.K.

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PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

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PYMNTS

JANUARY 8, 2018

Jason West, a Credit Suisse analyst, said in a note that the stock has lost about 12 percent of its value from recent highs (as quoted by CNBC.com ), and yet forward earnings should get a boost, in part, from tax cuts. At the same time, the company has a strong driver and ordering operation in place, which should keep growth intact.

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PYMNTS

OCTOBER 31, 2019

Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The Bombay Stock Exchange’s Sensex index also saw record highs, with a rally of more than 40,300 points due to a corporate tax cut and other business-boosting reforms. On Thursday (Oct.

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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.

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Branding Taxes Retail Marketing 152

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.

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PYMNTS

JANUARY 22, 2019

Citing Amazon Country Manager Brazil Alex Szapiro, Reuters reported that the launch was delayed because of logistics and a complex tax system but now it plans to directly sell merchandise in 11 categories from more than 800 suppliers, including L’Oreal and Black & Decker. “We

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PYMNTS

OCTOBER 27, 2017

According to news from a report by Canalys , smartphone shipments in India grew 23 percent year over year in Q3 2017 to reach just over 40 million units, making the country the world’s second largest smartphone market after China. India has overtaken the United States to become the world’s second largest smartphone market.

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PYMNTS

FEBRUARY 21, 2018

Despite the concern – and a corresponding 9 percent drop in Walmart’s stock price that shaved some $29 billion from its market cap – CEO Doug McMillon told analysts he remains confident that 2018 digital sales performance will be in parity to its 2017 performance. Same-store sales, physical retail’s most-watched metric, grew 2.6

Online 100

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PYMNTS

APRIL 14, 2017

After it became illegal in the United States through the Marihuana Tax Act of 1937, the business of selling cannabis went mostly underground. It is often hard to find and search for local retailers, exacerbated by the fact that cannabis businesses are oftentimes located in undesirable areas.

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Las Vegas Los Angeles Retail United States 140

PYMNTS

DECEMBER 3, 2019

News has emerged, via Bloomberg , that Singapore-based automotive subscription operation Carro has gained the top automotive investment banker for HSBC in Asia as the company’s new chief financial officer. The venerable automaker has agreed to sell its own vehicle subscription operation to Fair, a startup in this space. Ford Retreat.

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PYMNTS

MARCH 6, 2017

percent which management hopes to bounce back to its ideal level of 67 – 69 percent in 2017. As Heineken continues to buy Brazil-area operations of Japan’s Kirin Holdings Co., percent stemming from a tax reorganization of international subsidiaries. competition in that location will also increase.

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PYMNTS

FEBRUARY 12, 2018

Put on a Retail Happy Face. Yup, physical retail is doing just fine — despite all the talk of doom and gloom. Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008.

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PYMNTS

FEBRUARY 11, 2020

For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand at all. Facing a growing cash crunch — and trying to streamline its operation — Brandless laid off 13 percent of its staff last March.

Branding 150

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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

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CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. One of the biggest challenges these companies face is that many operate without a bank charter or license. why profitability won’t come easy.

Retail 78

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PYMNTS

SEPTEMBER 20, 2018

The way the eCommerce operator uses the data it collects from those merchants who list and sell their products via Amazon’s marketplace, putting them into competition with the marketplace host. Expansion into Turkey is just the latest in Amazon’s efforts to be operational across the globe. based tech firms operating there.

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PYMNTS

MARCH 9, 2018

Kroger, the supermarket operator , saw its stock tank in what is the largest sell-off of shares in months over declining gross margins for its fiscal fourth quarter. On June 15 of 2017, shares descended 18.9% It’s the steepest sell-off in the stock in nine months, according to MarketWatch.

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PYMNTS

OCTOBER 22, 2018

In all, losses to this emerging and increasingly occurring form of fraud reached $40 million in 2017, doubling the $20 million in losses reported 2015. They may pretend to be the IRS and tell people they cannot use other payment methods because of their delinquent tax status,” according to the FTC. locations at its peak.

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PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . The San Francisco-based bank had a total of 5,751 retail branches by the end of the second quarter, citing 114 branch consolidations during the first half.

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PYMNTS

JANUARY 30, 2018

Amazon’s entry into a new market is rarely considered good news in the world of retail. But when the eCommerce giant announced a rendezvous into the meal kit space in August of 2017, the recently public meal kit delivery startup began a (now many months-long battle) to get its stock price back above $3.

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PYMNTS

DECEMBER 13, 2019

Amazon said it is taking the space in the property, which is being redeveloped, without any of the special tax credits it had been offered previously. Nuro’s vision of using robotics to improve lives runs parallel with Walmart’s mission of helping customers live better,” Tom Ward, senior vice president of digital operations for Walmart U.S.,

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PYMNTS

MARCH 29, 2018

Parker said the startup is working to get the payments industry comfortable with the idea of operating in the cloud. Emailage stopped almost twice as much potential fraud in 2017 as in the previous year. Every retail process can be automated — yes, including chargeback mitigation. ModoPayments. Chargehound.

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PYMNTS

FEBRUARY 18, 2019

That’s the only way the business can ultimately continue to create value for its customers, create jobs for people, serve the ecosystem in which it operates and provide tax revenues. So, Amazon hasn’t just benefited its customers: It has forced retailers to lower prices and increase their levels of service.

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PYMNTS

SEPTEMBER 8, 2017

Therefore, cities and states are willing to offer ridiculous terms and benefits, including massive tax breaks. Many are saying the move by Amazon is just a marketing ploy to attract bigger, better bids so the company can build a big office in another city and reap those tax breaks. Prime Now, Eh?

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Seattle Florida Denver Taxes 110

PYMNTS

AUGUST 2, 2018

Apple Pay is now live in 24 markets worldwide with over 4,900 bank partners, and we look forward to adding Germany later this year,” he said, adding that recent retail deals involving eBay, CVS and 7-Eleven promise to make the payments tool attractive to more consumers. transit systems. cents for every “digital” dollar. Chicago View.

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Apple Chicago New York City Training 101

PYMNTS

OCTOBER 28, 2019

Wayfair’s case enabled cities and states to pass economic nexus laws that require out-of-state sellers to collect and remit taxes on local residents’ sales, and it permitted these jurisdictions to implement marketplace facilitator laws necessitating that eCommerce platforms collect and remit taxes on third-party merchants’ sales. .

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South Dakota Taxes Retail Arizona 105

CB Insights

DECEMBER 15, 2020

Get the free 64-page download to learn how industries are using tech to reimagine nearly every facet of their operations. Between 2017 and 2060, it’s expected that approximately $50T will change hands in what will be the largest aggregated transfer of wealth in history. First name. Company Name. Phone number. What’s next?

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PYMNTS

SEPTEMBER 26, 2019

consumers, Lookiero is probably not all that familiar a name, as the Spain-based firm founded in 2015 operates entirely in the European Union — specifically in the U.K., Once you cross the border the taxes are different, logistics are different, you have to adapt to all of that. For most U.S. We are not like the states in the U.S.,”

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