Multi-channel selling sales tax: Direct/retail sales


Nearly half the attendees of a recent TaxConnex webinar on multi-channel selling use direct/retail eCommerce as their main avenue of sales. Economic nexus has emerged as a burning issue for many online retailers since the 2018 decision of South Dakota vs. Wayfair , in which the U.S.

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Prevent Retail Return Fraud from Damaging Profits


For most retailers, December is the most profitable season of the year. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF). Fraud Briefs Retail Return Fraud

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Shogun Brings Big Retail Tech To Digital-First Retailers


Some retailers are just excellent about telling stories about themselves and about the products that they're selling,” Taylor told PYMNTS. Both have been key developments to helping retailers participate in the digital-first economy. Don’t read too much into the name.

Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week


Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it.

Digital Technologies Drive Innovation In Retail, Payments


In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. Today In Data Commerce digital commerce News payments Retail Today in Data

Merchants And The Big Retail Reset


McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. McNicoll said his company is better positioned than a traditional lender at approving such offers, because the firm takes a wider view of a retailer’s finances.

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Sales Tax Issues for Online Retailers


This landmark decision attempted to level the playing field between brick-and-mortar and remote online retailers. . Thus, the state legislature that sets the rules for sales tax for online retailers at the state level is implementing them locally also.

Today In Retail: Birkenstock Might Sell To CVC; Cognira Releases AI Suite For Retail


In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Cognira Rolls Out AI Promotion Suite For Retailers. Google Rolls Out ‘Product Discovery Solutions For Retail’ Suite.

Are Your Restaurant and Retail Clients Overpaying Sales Tax?

Intuitive Accountant

Accountants and bookkeepers with restaurants, retailers and other service-based brick-and-mortar clients often are challenged to keep up with the needs of these clients.

NRF Lists Hot 100 Retailers


For retailers, it’s better to be hot in 2020 than top. based trade group said the Hot 100 report provides a glimpse into the future of retailing as experts make predictions for a post-coronavirus world. But COVID-19 has changed the size and quantity of retail locations across the U.S.,

Trends In Retail Technology And Consumer Spending


In retail, the need to simplify, integrate and bring gift card and loyalty programs online to maximize their impact has never been greater, while consumer engagement has the power to remove retail friction.

Mask Sales Become A Big Retail Business


Or maybe they’re both as several types and sizes of retailers step up to sell non-medical face masks. The retail face mask efforts range from small to big companies. Retail Etsy face masks JOANN MaskClub News

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Retail Rental Payments Make Comeback


Retailers are starting to pay the rent. The report is confirmation that reopened retail stores are generating revenue despite high unemployment and regional pandemic spikes. The biggest gain came from free-standing retail, which increased 12.1

Digital Approaches To Retail And Onboarding


Today In Data authentication Commerce digital commerce News Onboarding payments Retail Today in Data

The Ubiquitously Digitizing Retail Environment


Today In Data Commerce digital commerce Innovation News payments Retail Today in DataThe question is no longer about when the world will go digital – nowadays we’re asking whether the digital-first world will outlast the COVID-19 pandemic that created it.

Retail Recovery Veils Serious Headwinds


retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. The retail numbers do indeed indicate a recovery.

Retailers Are Spooked By Halloween


Caught between the focus on Labor Day and the holiday season, yet another retail event looks like it’s being scorched by the pandemic. Halloween sales are expected to be significantly impacted by social distancing concerns, and some retailers are already warning about the consequences. “We

Lord & Taylor Joins Retail Bankruptcy Watch


The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Many mid-sized retailers do not qualify for programs the government has begun to roll out to save ailing companies,” says CNBC.

Advancing Retail And Education With Digital Technology 


In payment methods, Circle K announced a cashierless checkout pilot as convenience stores advance retail innovations. Today In Data Commerce direct-to-consumer DTC Education Innovation News payments Retail Technology Today in Data

Digital-First Economy Redefines Retail And Consumer Behavior


When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. At the end of the day, I feel really good about the opportunities for retail,” Sadove said. “I percent for retail.

Uber Eyes Retail Delivery


Uber CEO Dara Khosrowshahi said the ride-hailing company could potentially offer courier services for retail businesses in the future, according to a report by Reuters. Delivery Courier Dara Khosrowshahi delivery News Retail Uber What's Hot

Save A Lot Sells 51 Retail Locations To Fresh Encounter


Discount supermarket retailer Save A Lot unveiled the sale of 51 retail locations run by the company in the Tampa, Florida market to existing Save A Lot Retail Partner licensee Fresh Encounter. Retail Fresh Encounter grocery News Save A Lot What's Hot

COVID-19 Spikes Hinder Retail Recovery


Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor in economic recovery would be one thing: COVID-19 and the ability to mitigate its effects.

Digital Approaches To Retail And Corporate Spend


Walgreens has followed in the footsteps of Walmart and Amazon to join the retailer-as-ad-agency trend , while BigCommerce recently launched Open Checkout to let developers, retailers and partners create tailored checkout experiences.

New Approaches To Payroll And Retail Delivery


Today In Data Commerce delivery News payments payroll Retail Shipt Today in DataThe digital shift has been more seismic than subtle for companies such as logistics firm Shipt , which has seen a massive business spike even in the context of the pandemic.

Big Week Ahead For Retail Data


Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales data on Wednesday, retailers will get a sense of how much consumers are spending and the retailers they are spending with.

Retail Rents Plummet In NYC As Vacancies Rise


Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. And 11 areas saw an increase in available retail space on the market, from 6 percent up to 67 percent.

US Retailers Added 249,000 Jobs In August


4) jobs report brought good news to the nation’s retail sector as it added nearly one quarter of a million jobs in August. It’s encouraging to see retailers bring back these jobs,” Sonia Lapinsky, a managing director at AlixPartners, the Michigan-based consulting firm, told the newspaper.

Retailers Are Getting Smarter About Artificial Intelligence


Artificial intelligence (AI) and machine learning (ML) are starting to play a bigger role in retail, foreshadowing what’s to come in the new decade of the 2020s. The retailer began investing in the surveillance program, dubbed Missed Scan Detection, several years ago in an effort to combat shrinkage – loss due to several causes including theft, scanning errors, waste and fraud,” the report stated. Retail artificial intelligence data Innovation machine learning News walmart

HSBC Weighs Shutting US Retail Banking Unit


retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S.

Retail Bankruptcies On Track This Year To Hit 2010 Levels


Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. Among retailers not in bankruptcy, there were 4,228 store closures, including Inditex with 1,000 closures and Starbucks with 400, the report stated.

The Myth of Retail Sales in MLM


But the truth is that the people involved in multilevel marketing companies do little actual retailing of products or services to third-party customers (non-members of the scheme). That’s still retailing? The competition for selling the product is too high for profitable retail selling.

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Tips to Increase Retail Sales for Your Small Business


This past year has been incredibly hard on retailers, especially small businesses. Retail sales plunged more than 20% between February and April last year, but with pandemic restrictions easing, the industry is starting to recover.

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REIT Predicts U-Shaped Retail Recovery


Retail Properties of America ( RPAI ), which owns and operates 102 multi-retail sites, showed a net income drop from $44.4 Retail Earnings News Retail Properties of America RPAIOne of the largest real estate investment trusts in the U.S.

Self-Service And Retail’s ‘Storevolution’


As we space six feet apart in pretty much every physical setting – walking in the park, waiting for groceries, nimbly avoiding one another in big-box retail aisles – it’s safe to say that we’ll get used to social distancing as the norm for quite a while.

Retailers Using Chapter 11 To Break Lease Agreements


If this becomes a tsunami of retailers rejecting their leases, it’s going to trigger another part of the sea change — the mortgages held by the landlords.”. Some of the retailers filing for Chapter 11, such as J.C.

Nike Leads Retail Into The Great Reboot


Physical retail’s return to business was previously known as the “ great reopening ” or the “great resettling.” Those apps do more than act as the top of the funnel for the company’s retail division – they also generate data about user experience and product and service preference.

Florida Retail Reopening Fails To Draw Consumers


Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. percent of consumers shop for retail goods online more often than they did on March 6, the first day of our study, and that continues to climb — up 10.5

Driving Retail’s Rebound With A Human Capital Revamp


Retail has been among the sectors most dramatically impacted by the pandemic, though it’s impossible to paint the industry with a broad brush. With widespread furloughs and a growing wave of bankruptcies , many retailers were hit hard.

Cooler Screens Brings New Look To Retail Innovation


We are essentially taking glass doors that were probably underutilized and not asking the retailer for any additional physical space.”. But I think it’s more important for retailers to meet the [digital experience] expectations of consumers,” he said.

Retailers Look To Redefine Holidays For Q4


While the retail industry waits for Amazon to officially announce Prime Day, some other events are starting to take their places on the calendar. On the more general side of the retail ledger, a proposed “Mirror Day” on Oct. What a difference a day makes – or doesn’t make.

US Retailers Confront Data Privacy Shifts


This can leave merchants and retailers operating online platforms in various states caught in the middle, said Nicholas Ahrens, vice president of innovation for retailer trade group the Retail Industry Leaders Association (RILA), in a recent interview with PYMNTS.

Ascena Retail Group Considers Bankruptcy Filing


With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered.