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Will eSports And Other Online Businesses Spike Digital Taxes?

PYMNTS

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132
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Major Retailers Brace For Gift Card Fraud

PYMNTS

The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported. By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.

Fraud 156
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Luxury Retailers May Burn Returned Items Instead of Dealing With Post-Brexit Red Tape

PYMNTS

The extra costs were definitely a bit of a shock," 26-year-old Londoner Ellie Huddleston told the BBC upon discovering that she owed about $100 in additional tax and duties on a $275 jacket. Read More On Returns: Amazon Sellers Have A Merry Christmas, But Struggle With Returns Returnly Reports Surge In Returns On Dec.

Retail 188
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Retail Vacancies Spike In New York City

PYMNTS

As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. percent in 2017, up from 4 percent in 2007, according to Retail Dive. The vacancy rate reached a high of 5.8

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Luxury Retail Finds New Avenues As Brick-And-Mortar Fades

PYMNTS

Luxury retail is being revised — and in some cases, reinvented — and those trends are worth attention as the 2019 holiday shopping season approaches. Not only that, but the luxury online consignment retailer opened a brick-and-mortar store on New York City’s famed Madison Avenue. Indeed, in its recent U.S. has notched $300 million.

Retail 123
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H&M Reports Narrower Profit Decline Than Expected

PYMNTS

H&M , the world’s second-largest retailer, reported a smaller than expected decline in profit for the first quarter. According to a report in Reuters , H&M credited the narrower decline in profit to selling more full-priced items. billion Swedish crowns ($112 million) compared to 1.26

Report 101
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Retailers Find New Innovation Fuel Against Amazon

PYMNTS

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. Not only that, but “Verishop is launching with roughly 150 brands — and growing — already signed on.”

Retail 125