Withum

MARCH 20, 2024

Download a PDF of this case study Executive Summary A custom uniform sporting goods manufacturer sought to optimize its operations by implementing NetSuite. The Client The New Jersey-based, family-owned company manufactures locally to support youth soccer and sports programs. This made tying out orders from various sources (i.e.

NetSuite 52

NetSuite Sports E-commerce Manufacturing 52

ThomsonReuters

SEPTEMBER 19, 2023

With the recent start to the NFL season, sports wagering is a popular topic of conversation among football fans. Earlier this summer, Kentucky, North Carolina, and Vermont all enacted laws that legalize and tax sports wagering activities. The revenue share may not be less than 20 percent of adjusted gross sports wagering revenue.

Sports 52

Sports North Carolina Vermont Missouri 52

TaxConnex

APRIL 19, 2022

Sales tax has a universe of changing conditions. What are the sales tax ramifications? has possibly the most complex sales tax regime. Each state sets its own sales tax rules, often with widely varying approaches. Each state sets its own sales tax rules, often with widely varying approaches. Sales tax questions.

Sales 185

Sales Tax Colorado New Jersey 185

CPA Practice

MAY 14, 2024

Retail sales grew modestly from the month before in April, but a shift in the timing of Easter appeared to be behind a slight year-over-year decline, according to the CNBC/NRF Retail Monitor , powered by Affinity Solutions and the National Retail Federation. Sales were up in all but one category on a monthly basis.

Sales 52

Sales Retail Sports 52

CPA Practice

JULY 24, 2023

Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation announced this week. June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF President and CEO Matthew Shay said. In May, sales were up 0.5%

Sales 96

Sales Retail Sports 96

PYMNTS

JUNE 2, 2020

As consolidated same-store sales dropped nearly 30 percent fueled by temporary store closures due to the coronavirus, Dick’s Sporting Goods reported that eCommerce sales jumped 110 percent in the first quarter of 2020 compared to the first quarter of last year. Net sales for the first quarter were roughly $1.33

Sports 52

Sports Sales Retail Government 52

PYMNTS

MAY 29, 2019

With better-than-expected revenues and earnings, DICK’S Sporting Goods ’ eCommerce sales jumped 15 percent in the first quarter. At the same time, sales reached $1.92 Earlier in the week, Bank of America had forecasted that the retailer would return to same-store sales growth in the second quarter. million in 2017.

Sports 65

Sports Sales Legal Retail 65

PYMNTS

NOVEMBER 16, 2016

Dick’s Sporting Goods reported today that it netted sales of $1.81 percent of its net sales — or about $174 million in online sales. billion during the same period in 2015, with 8 percent ($131 million) of the net coming from online purchases, the sporting goods retailer saw 10.2 percent growth in online sales.

Sports 59

Sports Sales Retail Account 59

CPA Practice

AUGUST 3, 2023

This list includes every back-to-school sales tax holiday this summer, from July 27, 2023, through the end of August. Sales tax rates are based on data from the Tax Foundation and are accurate as of January 2023. Sales tax rates are based on data from the Tax Foundation and are accurate as of January 2023. Exclusions may apply.

Sales 96

Sales South Carolina West Virginia Tax 96

CPA Practice

OCTOBER 18, 2023

Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the National Retail Federation. However, much of the rise was due to car sales, gasoline prices and food services. Census Bureau said overall retail sales in September were up 0.7% In August, sales were up 0.2%

Sales 111

Sales Retail Sports payroll 111

CPA Practice

OCTOBER 17, 2023

Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the National Retail Federation. However, much of the rise was due to car sales, gasoline prices and food services. Census Bureau said overall retail sales in September were up 0.7% In August, sales were up 0.2%

Sales 106

Sales Retail Sports payroll 106

CPA Practice

FEBRUARY 15, 2023

Retail sales bounced back strongly in January as inflation eased and income grew, according to a new report from the National Retail Federation. Sales were helped along by job and wage growth, slightly lower inflation and unusually warm and dry weather that preceded February’s record cold. In December, sales were down 1.1%

Sales 59

Sales Retail Sports Technology 59

PYMNTS

MARCH 10, 2020

Dick’s Sporting Goods said another 440 stores would no longer sell guns this year, as the company moves to purge firearms from its retail stores, reports indicated Tuesday (March 10). The move aligns with Dick’s resolution to reduce gun sales after the Parkland, Florida, school shooting in February 2018. percent year over year.

Sports 58

Sports Florida Retail Sales 58

PYMNTS

JUNE 2, 2020

School sports uniforms have been brought into the digital age by direct-to-consumer (DTC) companies such as SquadLocker. The company took an innovative business model and strong sales momentum into the start of the year. 50: Number of states in which PLAY Sports supports young athletes, coaches and volunteers.

Sports 52

Sports Sales Retail 52

PYMNTS

MARCH 12, 2020

Modell’s Sporting Goods has filed for bankruptcy and will shutter all its stores, the company said on Wednesday (March 11). Modell plans to continue discussions from here on out about possibilities for recapitalization of sales through asset sales or an equity investment.

Sports 57

Sports New York Retail Sales 57

CPA Practice

MAY 26, 2023

On Thursday, May 25, Governor Ron DeSantis of Florida signed a bill to approve legislation that provides six sales tax holidays in the state. The bill also establishes numerous new permanent Florida sales tax exemptions. If the item is subject to two different price thresholds, the highest threshold would be applied where possible.”

Florida 98

Florida Sales Tax Agriculture 98

PYMNTS

DECEMBER 18, 2020

Dick’s Sporting Goods is teaming up with Instacart for same-day delivery at 150 store locations, Instacart announced in a press release on Friday (Dec. The pandemic-fueled demand for delivery, compounded with busier-than-usual holiday eCommerce sales, has lengthened delivery times for FedEx, UPS and USPS. .

Sports 57

Sports Delaware Connecticut Maryland 57

Patriot Software

NOVEMBER 21, 2022

Want to encourage employees to sport your company’s apparel? Employee discount programs for small business come with several business benefits, like increased retention and sales. Or, looking for an employee benefit that’s appealing to new hires? You may consider offering employee discounts.

Sales 67

Sales Sports payroll tax payroll 67

PYMNTS

SEPTEMBER 23, 2020

As merchants attempt to fulfill the demands of customers for expediency and less person-to-person contact, Dunkin’ and sports venue hospitality stands are experimenting with a new Mastercard checkout-free payment technology, The Wall Street Journal (WSJ) reported. percent because of temporary and for-good closures due to COVID-19.

Sports 60

Sports Delaware Hospitality California 60

PYMNTS

NOVEMBER 12, 2020

Dick’s Sporting Goods will provide its Black Friday promotions over 10 days instead of only one day, to aid in ensuring a safe shopping experience during the holiday season, according to an announcement. 26 that its online shopping sales surged 194 percent in Q2, including curbside contactless pickup, in contrast to Q2 2019.

Sports 52

Sports Retail Sales 52

PYMNTS

AUGUST 10, 2020

10) after Foot Locker reported an 18 percent spike in second-quarter comparable store sales, attributing the gains to pent-up demand and U.S. So does recent good news from sporting goods retailer Hibbett Sports , which also reported that it expected comparable store sales to rise more than 70 percent for Q2. on the news.

Sales 92

Sales Sports Retail Government 92

PYMNTS

NOVEMBER 14, 2019

Sports are big business around the globe, so it comes as no surprise that retail innovation constantly takes place within that industry, and in combination with payments. Mobile order-ahead is in use at sporting and concert venues, where attendees no longer have to wait in long concession lines for their nachos or hot dogs.

Sports 51

Sports Gaming Iowa California 51

PYMNTS

NOVEMBER 17, 2020

Despite recent positive progress that a COVID vaccine is moving closer to becoming a reality, when it comes to the resumption of the activities, sports and shows that constitute “normal life,” event planners say they still lack the visibility and confidence to safely stage large, crowded events. Undying Demand.

Sports 52

Sports Tennessee Arizona Entertainment 52

PYMNTS

MAY 28, 2019

To reportedly build a licensing empire with the Sports Illustrated name, Authentic Brands Group LLC has agreed to buy the storied magazine from Meredith Corp. Authentic Brands Founder and Chief Executive Jamie Salter said, according to the newspaper, “Sports Illustrated has authority and the respect of athletes all over the world.”

Sports 49

Sports Gambling New York Sales 49

CPA Practice

MAY 16, 2023

Retail sales bounced back in April, showing both month-over-month and year-over-year growth, the National Retail Federation said today. Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. In March, sales were down 0.7%

Sales 52

Sales Retail Sports 52

CPA Practice

MARCH 8, 2024

There are currently two annual sales tax holidays in Alabama: A severe weather preparedness tax-free weekend in February and a back-to-school tax-free weekend in July. A new tax holiday will join them starting in 2025 should House Bill 257 become law: The twice-yearly Alabama Adventure Awaits sales tax holiday. By Gail Cole.

Alabama 52

Alabama Sales Tax Florida 52

CPA Practice

JANUARY 18, 2023

Retail sales during 2022’s November-December holiday season grew 5.3% While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 average holiday sales growth over the previous 10 years. billion in 2021.

Sales 64

Sales Retail Sports 64

TaxConnex

SEPTEMBER 16, 2021

Electronics lead the way for products with an average order of $129.72, followed closely by sports+outdoor at $111.44. Sales Tax Obligations Comes Into Play. All great information, but keep in mind that growth in sales and revenue has a big impact on your sales tax obligations. and health+wellness at $85.16.

E-commerce 179

E-commerce Sports Tax Sales 179

PYMNTS

JANUARY 12, 2021

Salesforce is rolling out a new product to let B2C and B2B companies easily add loyalty programs at a time when the company says online holiday retail sales grew 50 percent to top $1 trillion. Online Holiday Sales Topped $1 Trillion . The company is rolling out Loyalty Management at a time when online retail sales are booming.

Sales 111

Sales Sports B2C Retail 111

PYMNTS

SEPTEMBER 11, 2019

With sports teams such as the Carolina Hurricanes moving to distribute tickets nearly exclusively via mobile, fans are now tapping into digital platforms to access sporting events. According to the Commerce Connected Playbook , approximately 80 million people bought mobile tickets for sporting events last year.

Sports 49

Sports West Virginia New Jersey Nevada 49

PYMNTS

APRIL 3, 2020

It seems that so far, these partnerships and implementations have paid dividends, with natural cosmetics company Beauty Kitchen’s sales increasing by 10 percent since its introduction of BNPL services, for example.

Sports 66

Sports Sales accounting and finance Government 66

PYMNTS

NOVEMBER 20, 2018

Amazon.com, the eCommerce giant, is reportedly making a bid for all of the 22 regional sports networks that Disney purchased as part of its Twenty-First Century Fox deal. In order for Disney and Twenty-First Century to complete their deal, the Justice Department ordered Disney to sell the regional sports networks.

Sports 62

Sports New York Entertainment Gaming 62

TaxConnex

DECEMBER 13, 2022

How big were online sales on Monday, Nov. Defying expectations of an off year, Cyber Monday broke online sales records, with U.S. Electronics e-sales were up 391%, computers up 372%. Online sales of sporting goods, appliances, books and jewelry all more than quadrupled. consumers spending about $11.3 billion, up 5.8%

Pennsylvania 130

Pennsylvania Sports Sales Tax 130

PYMNTS

MARCH 26, 2019

Instead of depending on outside vendors, DICK’S Sporting Goods is hoping to gain a competitive advantage by building its software in-house. The news comes after it was reported in March that DICK’S revealed its net income in the fourth quarter and for the year fell short, even though its eCommerce sales grew. Net income was $102.6

Sports 43

Sports Technology Sales Retail 43

PYMNTS

FEBRUARY 28, 2018

DICK’S Sporting Goods — one of the United States’ major gun retailers — has decided it no longer wants to be in the business of selling assault-style weapons like the one used in the Parkland, Florida, high school shooting. The hunt business is an important part of the business, no doubt about it.

Sports 63

Sports Florida Retail Sales 63

PYMNTS

MAY 22, 2020

Categories like sporting goods and bicycles, fabrics and crafts, toys, the stay-at-home categories, networking [equipment], really took off … definitely we do see a positive impact from the checks.”. On this week’s earnings call with investors and analysts, Walmart executives said same-store sales improved 9.5

Sales 84

Sales Retail Sports Finance 84

PYMNTS

SEPTEMBER 4, 2019

To debut its inaugural all-electric sports car, the Taycan, Porsche selected a Chinese wind farm, a German solar site and Niagara Falls. The car is said to compete with Tesla’s Model S, after Jaguar, Audi and Mercedes-Benz chose sports utility vehicles (SUVs) to jump-start their electric car offerings.

Sports 40

Sports Entertainment Gaming Finance 40