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Simon Properties Earnings Show Positive Trends For Brick-And-Mortar Retail

PYMNTS

The mall and outlet center real estate investment trust managed to post a profit despite a 91 percent occupancy rate and collecting on only 85 percent of its rents. Simon addressed several issues on the company’s earnings call from tax relief to the pandemic to its joint venture with Brookfield Properties to take over operations at JCPenney.

Trends 169
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Retailers Look To Digital Technologies After Beating The Street

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Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. But mall owners and operators are occupied with a different focus: what to do with closing anchor tenants that once filled valuable space in their malls. billion, according to news from Retail Dive.

Retail 101
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‘Ship-ageddon 2020’ Just Keeps Getting Worse

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UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. FedEx spokesperson Shannon Davis told NBC that “our priority is the safety of our team members and meeting the service needs of our customers,” and that the weather would certainly have an effect on operations. Hot Topic Inc., Newegg Inc.

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Casey’s Considers $2B Kroger Convenience Store Acquisition

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Under pressure from an activist investor, JCP Investment Management, convenience store chain Casey’s General Stores has reportedly placed an initial bid to acquire grocer Kroger’s $2 billion C-store business. That line operates under brand names like Kwik Shop, Turkey Hill and Tom Thumb, CNBC reported Friday (Jan.

Louisiana 116
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Waitr And Olo Team Up For Delivery Efficiency

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Teaming up with Olo allows us to increase operational efficiencies for these brands by streamlining orders and simplifying the delivery fulfillment experience, allowing for more efficiently timed and accurate orders. Waitr was started in 2013 in Lake Charles, Louisiana. Olo works with upwards of 70,000 restaurants.

Louisiana 115
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A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws

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Even the ways retailers package their items can make a difference in their taxes. This month’s Next-Gen Sales Tax Tracker examines these compliance complexities and their impact, as well as ongoing efforts to streamline how retailers can fulfill their obligations. Easing tax compliance helps governments and retailers alike.

Taxes 130
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Remote Seller Taxation: A Job For Tax Automation

PYMNTS

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. There is too much risk to not use a dynamic tool to better manage all this complexity.”. Implementation.

Taxes 130