PYMNTS

JUNE 22, 2018

Supreme Court opened the door to state collection of sales taxes for eCommerce purchases, questions swirled about software, Congressional action, marketplace sellers and how consumers would react. First, no sense of sky-is-falling doom emerged from any reliable retail or payments source. A day after the U.S. It accounts for more U.S.

Taxes 114

Taxes Online South Dakota Retail 114

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 218

Retail Online Cards Data 218

PYMNTS

JUNE 21, 2018

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. retail sales. retail sales. Billions of Dollars at Stake.

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Taxes South Dakota Online US 119

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.

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PYMNTS

NOVEMBER 6, 2020

As property executives report their quarterly earnings, some landlords are starting to put the squeeze on retailers that have skipped rent payments as a means to survive pandemic-triggered lockdowns. On its recent earnings call, AMC reported a 90 percent drop in revenue, according to MovieWeb.

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Retail Kansas Payments Texas 152

PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

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Taxes social media Cards Mobile 139

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.

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Taxes Trends Massachusetts Louisiana 101

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

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Taxes Tools Payments Cards 100

PYMNTS

AUGUST 10, 2020

the New York-based athletic retailer, reported comparable store sales increased by 18 percent in the second quarter (Q2) that ended Aug. Excluding non-recurring items, the company expects to report adjusted earnings per share of 66 cents to 70 cents. Foot Locker Inc., 1 as the chain reopened and sales unexpectedly increased.

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PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

PYMNTS

DECEMBER 30, 2019

s high streets have been hit with the hardest times in a quarter of a century with the closure of 16,000 stores this year and 140,000 jobs lost, according to reports. According to a study by the Center for Retail Research (CRR), More than 2,750 jobs were lost every week — about 61 every working day. Retail is still the U.K.’s

Retail 132

Retail Study Taxes Groups 132

PYMNTS

APRIL 12, 2016

China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Food will now import at a higher duty price; previously the tax was 10 percent. Instead, it will wipe out those companies that were only seeking a policy loophole and operating in a gray zone.”.

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Taxes Policies Metro Retail 100

PYMNTS

DECEMBER 21, 2020

21) that Acima founder Aaron Allred and his team have created a leading virtual LTO solution for retailers and consumers. “We We all share a common vision to expand the virtual LTO offering across a broader set of retail partners and to meet the needs of more customers through an integrated omnichannel strategy. billion in 2020.

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Utah Retail Taxes US 263

PYMNTS

MARCH 19, 2020

The coronavirus could lead to tens of millions of unemployed workers and could change how businesses operate. million jobs could be lost around the world because of COVID-19, the disease caused by the coronavirus, CNBC reported. It’s hard to see how HMRC could say no to a request to cease some tax payments,” he noted, per the report.

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Taxes National Retail Report 130

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. Instant payments are one of these solutions, allowing companies to digitally transfer funds 24/7 year-round.

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Report Payments Millennials Cards 228

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. Here’s some news: Amazon is not unbeatable.

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Retail Innovation Online Taxes 125

PYMNTS

MARCH 22, 2020

With the closure of nearly all casinos nationwide, the online gambling trade group iDevelopment & Economic Association (iDEA) is asking states to free up restrictions so casinos can replace some revenue lost from shutting doors — and help refill state tax coffers, The Wall Street Journal reported. In the U.S.,

Retail 132

Retail New York City Vermont New York 132

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 expect Marco Polo to ensure seamless collaboration of several sides engaged in international trade operations (banks, suppliers, insurance companies, etc.)

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Taxes blockchain Bitcoin social media 109

PYMNTS

MARCH 5, 2018

Amazon, according to its in-nation general manager, is eyeing an expansion into grocery delivery in France — a part of its global push on food retail, though it has no immediate plans. The news follows reports that French supermarket operator Système U is discussing a possible grocery supply deal with Amazon.

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Report Taxes National Groups 100

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Trackers and Reports. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Colombia Blocks Uber From Using Its Ride-Hailing App.

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Taxes Mobile Management blockchain 101

PYMNTS

MAY 3, 2016

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. proper to occupy much of the conversation. And South Dakota, for one, has had enough.

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South Dakota Taxes Online North Dakota 100

PYMNTS

SEPTEMBER 9, 2020

reported on Wednesday (Sept. The apparel retailer reported that Aerie digital demand jumped 113 percent and AE rose 21 percent, according to an announcement. “In As for its overall results, American Eagle Outfitters reported adjusted loss per share of 3 cents on total net revenue of $884 million. in revenue.

Taxes 131

Taxes Retail Branding Report 131

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.

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Online Taxes Compliance Missouri 132

PYMNTS

SEPTEMBER 30, 2019

The company said it will close a large number of physical stores worldwide, CNBC reported on Sunday (Sept. 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.

Retail 148

Retail Taxes Analytics America 148

PYMNTS

FEBRUARY 20, 2019

That means otherwise straightforward and common small business duties, like banking , taxes and payroll, can be problematic for firms in the cannabis industry that are legally required to operate almost entirely in cash. Instead, CBD is known for its reported pain-reducing properties and stress-relieving abilities.

Retail 136

Retail District of Columbia San Francisco Denver 136

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

JANUARY 11, 2021

Moreover, the company noted that retail stores were affected by fewer operating hours in addition to restrictions on store capacity due to government orders. “We John noted that the company’s workforce has evolved with the ongoing changes in its operating environment, “while leveraging the power and consumer affinity for our brand.”.

Conference 159

Conference Taxes Retail Operations 159

PYMNTS

AUGUST 27, 2018

It’s a good time to be a retail chain. Retail Ascent. Retail is on the ascent. In July, retail sales increased 0.5 Economists had only forecasted retail sales going up 0.1 percent, online and mail-order retail sales increased 0.8 Retailer Woes. Not every retailer is experiencing good times, of course.

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Retail Los Angeles Milwaukee Chicago 100

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. The chain, which operates both the Sears and Kmart brands, reported a loss of $580 million in the quarter ending Jan.

Retail 100

Retail Branding Taxes Operations 100

PYMNTS

JULY 30, 2020

The Atlanta-based transportation giant reported that its second-quarter consolidated revenue increased to $20.5 At the same time, adjusted operating profit was $2.3 GAAP results included a pre-tax charge of $112 million, equivalent to $0.10 UPS ) is no exception. . billion , up 13.4 percent from the same quarter last year. .

Atlanta 141

Atlanta Taxes Operations Community 141

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. Tencent reported a few weeks ago that it had reached the 1 billion account threshold. Historically speaking, it has not been easy for U.S. For the U.S., In 2016, $2.19

Retail 115

Retail US Regional Branding 115

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. Going cashless has long been a conversation in the consumer payments world, but a report from HSBC in the U.K.

Cards 188

Cards Payments Taxes Study 188

PYMNTS

MARCH 23, 2020

“This is a moment that a lot of hackers across the world have been preparing for,” said Brian Finch, partner at Pillsbury law firm and co-leader of the company’s coronavirus response team, in are recent Compliance Week report. The report surveyed U.K. The report surveyed U.K. Payroll Professionals Inc.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. to significantly increase their liabilities, leaving some investors caught off guard, according to Bloomberg Tax reports Wednesday (June 5). On the retail side, Nordstrom posted a nearly 25 percent increase in liabilities.

Taxes 108

Taxes Analytics Policies Retail 108

PYMNTS

FEBRUARY 20, 2020

Earlier this week, Japan ’s cabinet proposed a bill that seeks to, as reported by the country’s national daily, The Mainichi , “improve contract transparency” for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors. As measured on an annualized basis, GDP contracted by more than 6 percent.

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Taxes Google Apple United States 178

PYMNTS

JULY 19, 2018

Thanks to Amazon and sales tax , eBay is reportedly enjoying a fresh opening in Australia. Amazon launched a local website in that country in December, followed by the introduction of faster product deliveries via the eCommerce operator’s Prime loyalty program. Taxes aren’t helping, either.

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Taxes social media Online Report 100

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

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Retail Bitcoin Course America 108