PYMNTS

DECEMBER 13, 2019

In commerce, when it comes to taxes, new business models beget new (tax) problems. Against that backdrop, tax collection in the nascent restaurant delivery space remains fragmented at best — and confusing at worst. But in many cases, these firms may not be collecting sales taxes at all. billion received in 2017.

Taxes 131

Taxes Online Policies Florida 131

PYMNTS

MARCH 18, 2020

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 161

Retail Groups New York City New Jersey 161

PYMNTS

OCTOBER 13, 2017

It can’t be easy for a brand that has literally made its name on the notion of brandless-ness, as a pure-play cosmetics supplier. The secret to what brandless offers, according to CEO Tina Sharkey, is the company’s elimination of what she calls the “brand tax.”

Branding 100

Branding Taxes Retail Millennials 100

PYMNTS

SEPTEMBER 27, 2019

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

New York City 133

New York City New York Retail Taxes 133

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

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. Our CBD assortment is an important part of our brand’s commitment to the health and well-being of our customers.”.

Retail 136

Retail District of Columbia San Francisco Branding 136

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Twenty-two percent of Americans have reported being targeted by pandemic-related fraud, for example, such as schemes involving fake personal protective equipment (PPE) merchants or fraudsters impersonating tax officials.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

SEPTEMBER 5, 2019

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

Retail New York New York City Philadelphia 123

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

Retail 125

Retail Innovation Online Taxes 125

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

Bank Innovation

OCTOBER 27, 2017

EXCLUSIVE- With two products and a recently announced partnership with tax preparation software provider Intuit, Marcus by Goldman Sachs is keen on growing its brand through more new partnerships and products in 2018. The […].

Las Vegas 186

Las Vegas Taxes Software Branding 186

PYMNTS

OCTOBER 23, 2020

The Nike retailing model has shown itself again as The Gap announced Thursday that it will close underperforming stores, focus on the digital-first economy and exit its mall locations. As Macy’s CFO Felicia Williams told a retail conference in September: “Our intention is to change the composition of our store base.

Strategy 150

Strategy Chicago Taxes Retail 150

PYMNTS

APRIL 5, 2018

retailers (or any foreign players) to establish a strong presence in the Chinese market. Meanwhile, although many products around the world bear the “Made in China” stamp, that doesn’t necessarily mean Chinese brands have had an easy time setting up shop away from home. Historically speaking, it has not been easy for U.S. For the U.S.,

Retail 115

Retail US Regional Branding 115

PYMNTS

APRIL 28, 2019

It is the first state to let businesses pay their taxes with cryptocurrency. At the early part of this year Overstock , the online retailer and blockchain company, said it would take Ohio up on its offer to pay taxes with bitcoin, becoming the first major U.S. company to pay taxes with bitcoin.

Ohio 149

Ohio blockchain Columbus Taxes 149

PYMNTS

APRIL 21, 2017

Though much attention these days is given to the plight of retail in a digitizing world, in his fireside chat with Karen Webster at Innovation Project (IP) 2017, Paul Galant gave IP delegates a critical retail reality check. That doesn’t mean that retail hasn’t changed — or isn’t in fact changing as you read this.

Retail 103

Retail Innovation Maine Payments 103

PYMNTS

DECEMBER 16, 2019

15), “the City Council is scheduled to hold a public hearing on a plan requiring new retailers in the area to designate at least 500 square feet of space to fresh food. As reported, the measure would apply to discount and dollar stores, often the main source of retail in so-called food deserts. The measure is expected to pass.”.

Retail 131

Retail Oklahoma City New York City Oklahoma 131

PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. And the numbers in this regard don’t lie: Physical retail is growing at a rate of about 3.6 According to PepsiCo CEO Indra K.

Retail 124

Retail Branding Mobile Strategy 124

PYMNTS

JANUARY 21, 2019

CEO Tina Sharkey believes that while consumers certainly want high-quality goods, they are tired of paying what she calls the “brand tax” for access to them. That tax, she noted , encompasses marketing, retailer margins and other expenses that can typically push up prices on brand-name beauty products by as much as 30 percent.

Branding 152

Branding Taxes Retail Marketing 152

PYMNTS

MARCH 20, 2020

The International Council of Shopping Centers (ICSC) says it believes action from the federal government is needed, and large retail brands began to put a price tag on the revenue losses they expect to face. Data: 2K: The number of employees that restaurant owner Danny Meyer laid off across his high-end brands.

US 130

US Taxes Branding Data 130

PYMNTS

MARCH 19, 2019

Instagram has launched a checkout feature designed to help the social media platform become a more attractive place for consumers to buy retail products, and to capture more sales via what is coming to be known as contextual commerce. It’s a place to experience the pleasure of shopping versus the chore of buying,” the company said.

social media 212

social media Retail Report Video 212

PYMNTS

JUNE 22, 2020

Shopic’s core product is a mobile checkout app (white-labeled or branded) that lets consumers track and pay for items through their mobile devices without visiting the cashier station, and also allows associates to “line bust” and act as cashiers from any point in the store at any time.

Retail 212

Retail Mobile Technology Maine 212

PYMNTS

NOVEMBER 7, 2018

There are many, many retailers and brands trying to outfit the world, and standing out in the crowd is difficult. The brand became the first to launch a website for U.S. The funds from sales generally do not flow back to Cuba, instead paying for marketing, taxes and payment for future printings. With its U.S.

Marketing 198

Marketing US United States South Carolina 198

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

SEPTEMBER 9, 2020

The apparel retailer reported that Aerie digital demand jumped 113 percent and AE rose 21 percent, according to an announcement. “In The news comes as American Eagle Outfitter’s digital demand accelerated in Q1, which was fueled by brand health and strong shopper engagement. American Eagle Outfitters, Inc. reported on Wednesday (Sept.

Taxes 131

Taxes Retail Report Branding 131

PYMNTS

FEBRUARY 20, 2020

Critics in India have alleged that companies, such as Amazon and Walmart’s Flipkart , have employed unfair discounting efforts, and in some cases, have promoted exclusive brand launches on their platforms. That’s due in part to a sales tax boost that now has been hurting consumer spending. Spurring Electronic Payments.

Taxes 178

Taxes Google Apple United States 178

PYMNTS

JANUARY 16, 2020

billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Global Blue runs airport kiosks and storefronts that enable shoppers to get sales tax refunds when they return home.

Taxes 130

Taxes New York Virginia Leadership 130

PYMNTS

JULY 15, 2020

It connects shoppers to more than 18,000 leading international and local brands. For brands and sellers,” the company says, “LazMall offers an opportunity to create a customized experience for their customers.”. The core Lazada business is centered on eCommerce infrastructure, which has been extended to LazMall. mall owners.

Groups 153

Groups Branding Retail Taxes 153

PYMNTS

FEBRUARY 21, 2020

Looks like retail sales are back on the street. With direct marketing hit by robocall abuse and the National Do Not Call Registry , direct-to-consumer (D2C) brands and other not-so-usual suspects are looking into and in some cases reinstating door-to-door sales. The iconic door-to-door brand is of course Avon.

Taxes 141

Taxes Course Boston Florida 141

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

Retail 108

Retail Bitcoin Course America 108

South State Correspondent

MAY 1, 2024

Honkook Kim and his Gentle Monster Brand is a perfect example. The Banking Innovation Playbook – Step 1: Find a Niche Kim looked at the market and knew he needed traction in at least a single segment where he could create a brand and a following for Gentle Monster. Find the gap in one segment and build success from there.

Innovation 195

Innovation social media Branding Marketing 195

PYMNTS

AUGUST 24, 2020

The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct. The eCommerce retailer has reportedly registered many entities in the country in recent times. DCN, a trade organization, serves media brands.

social media 152

social media Data Apple Compliance 152

PYMNTS

MAY 13, 2016

It might have made sense, according to the rules of retail a decade ago, to keep your friends close and your enemies closer, but the pace of play and rising consumer expectations of 2016 make it obscenely hard for any company to go it alone. eBay’s High-Class, High-Speed Deals. “This is definitely not the last one.”

Retail 100

Retail New York New York City Branding 100

PYMNTS

MAY 31, 2019

Credit unions (CUs) are combining resources to offer better products and services their members crave, while car manufacturers are increasingly working with retailers to unlock new connected car buying experiences. 58 percent: Share of the general population that says they will stick with the same brand of products no matter what.

blockchain 115

blockchain Taxes Resources Retail 115

PYMNTS

APRIL 26, 2017

In an increasingly complex consumer landscape, creating a coherent retail strategy requires synthesizing hundreds of data points on industry, consumer and competitor trends. Other days, I spend looking at partners that, when combined with our services, could add something to the retail ecosystem that the world doesn’t even know it needs yet.

Strategy 100

Strategy Retail Online Data 100

Accenture: Banking

MAY 30, 2019

Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Industry statistics (based on non-retail card issuers in scorecard section). 3 After-Tax ROA of issuers that publicly report – Citigroup, Capital One, Synchrony and Discover. Retail Card, Payment Solutions, and CareCredit).

Cards 177

Cards US Taxes Apple 177

PYMNTS

NOVEMBER 1, 2018

” It means that, from the start, companies operating in the legal cannabis industry — including retailers, brands, distributors and more along the supply chain — can leapfrog to digital solutions like eProcurement. We’re trying to innovate that because we have a huge opportunity ahead of us.”

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

JULY 17, 2017

Citing an improved traffic and retail shopping trend, retailer Target upped its comparable target sales for Q2 2017. benefit in Target stocks, driven by the net tax effect of the company’s global sourcing operations. of pressure related to the unfavorable resolution of tax matters.

Taxes 102

Taxes Retail Trends Branding 102