Retail
As the coronavirus drags on, Mexico’s food prices soar
The trend of rising food costs is playing out across the world because of a combination of disrupted supply chains, natural harvest cycles, plummeting currencies and limits on key exports. Experts worry that the longer the coronavirus crisis lasts, the bigger the food problem will grow.
Amazon to Add 7000 Jobs
President Obama is visiting an Amazon warehouse in Chattanooga, Tenn. to talk about job growth, as part of his reshifting of focus on the economy. Amazon made a big announcement yesterday, in anticipation of the visit. The internet retailer announced it will be adding 7000 jobs nationwide: 5000 warehouse jobs, and 2000 customer service positions. […]
Small Retailers Push Back on Proposed Online Sales Tax
The Senate remains poised to pass the Marketplace Fairness Act, which would allow states to require online retailers to collect sales taxes that could add an estimated 11 billion dollars of currently uncollected sales tax revenue. The bill exempts retailers who have under $1 million in Internet sales, but plenty of small online retailers who […]
After a Big Black Friday, Retail Sales Drop
Are you done with your Christmas shopping yet? If you are, you’re not alone. After having a bang up Thanksgiving, seasonal retail sales have taken a huge dive. According to the Department of Commerce, sales fell 2.4 percent in the first two weeks of December, the biggest drop in that Christmas sales time slot since […]
Online Retailers Battle to Avoid Sales Tax
The online retailer Amazon is getting into the ballot initiative business. The company is pushing for a referendum in California that would eliminate sales tax for online retailers that have a limited physical presence in the state. What are the stakes for Amazon? And what do retailers that compete against Amazon – like Walmart and Target, […]