Keyword: ecommerce

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  • EBay CFO: It will get worse before it gets better (laying off 2,400)

    01/21/2015 5:45:00 PM PST · by Red in Blue PA · 53 replies
    During the company's earnings call, eBay Chief Financial Officer Bob Swan said 2015 would present "real challenges" and forecast that "it will get worse before it gets better." Separately, the company said it entered into an agreement with billionaire activist Carl Icahn, the company's largest active shareholder, and will appoint Jonathan Christodoro, Icahn's pick, to its board.
  • Big layoffs planned at eBay [7% of the workforce]

    01/21/2015 2:47:49 PM PST · by SeekAndFind · 35 replies
    CNN Money ^ | 01/21/2015 | By Katie Lobosco
    Big layoffs are coming to eBay. The company is planning to slash 2,400 workers across the eBay and PayPal parts of the business. The cuts will impact 7% of the workforce. The layoffs will be made before the end of March. EBay said it was "simplifying organizational structures" in its quarterly earnings released Wednesday. A company spokesperson told CNNMoney that some of the cuts were to unfilled positions, but would not say how many.
  • "We Are Extremely Over-Retailed" Picturing The Death Of America's Malls

    01/06/2015 7:33:54 AM PST · by SeekAndFind · 109 replies
    Zero Hedge ^ | 01/05/2015 | Tyler Durden
    Starting in the mid-1990s, "the mall genie was out of the bottle," says one mall analyst, "and it was never going to come back." While about 80% of the country’s 1,200 malls are considered healthy (vacancy rates of 10% or less), that compares with 94% in 2006; and more than 30 million square feet of malls are more than 40% empty, a threshold that signals the beginning of what one one analyst called "the death spiral." As The NY Times reports, like beached whales, dead malls draw fascination as well as dismay, "nobody ever thinks a mall is going to...
  • Wal-Mart told store managers to match online prices with Amazon

    11/13/2014 5:17:05 PM PST · by dynachrome · 53 replies
    Reuters ^ | 11-13-14 | Nathan Layne
    Wal-Mart Stores Inc has informed managers of its roughly 5,000 stores across the United States that they can match prices with Inc and other online retailers, the head of the company's U.S. business said on Thursday.
  • Amazon is running out of excuses for losses

    10/23/2014 11:29:47 AM PDT · by C19fan · 57 replies
    Yahoo ^ | October 23, 2014 | Nicole Goodkind Inc. reports quarter three earnings today and analysts are expecting a loss of $0.75 per share according to FactSet. Thats a significant jump from their loss of $0.09 per share for the same period last year. Amazon follows a profitless prosperity model so losses arent unexpected, and typically Wall Street shrugs them off. This year, however, Amazon (AMZN) has seen more than a 20% drop in value on the NASDAQ. Wall Street is becoming restless-- is it time for CEO Jeff Bezos to start focusing on the bottom line? Yahoo Finances Henry Blodget believes that investors are clearly...
  • Online Retailer Zulily to Add 900 Jobs In Central Ohio

    08/24/2014 2:51:09 AM PDT · by 2ndDivisionVet · 5 replies
    WBNS-TV ^ | July 28, 2014
    SEATTLE - Popular online retailer Zulily is planning to add about 900 jobs in central Ohio as part of new tax credit deal from the state. The Seattle-based company says most of the positions at the new call center will be in customer service. The move is expected to generate $28 million by 2017. This comes in addition to Zulilys existing facility in Obetz. As part of a tax agreement, the Ohio Development Services Agency says the company will receive a 75%, 12-year tax credit in exchange for operating in Ohio for at least 15 years. Zulily is an online...
  • FedEx Accused of Conspiracy to Distribute Prescription Drugs for Online Pharmacies

    07/17/2014 9:52:44 PM PDT · by Innovative · 47 replies
    NBC News ^ | July 17, 2014 | Andrew Blankstein and Pete Williams
    Federal Express was indicted Thursday on federal charges alleging that it distributed prescription drugs and other controlled substances to people that the company knew had no prescriptions on behalf of illegal Internet pharmacies. "We want to be clear what's at stake here: The government is suggesting that FedEx assume criminal responsibility for the legality of the contents of the millions of packages that we pick up and deliver every day, said Patrick Fitzgerald, a senior FedEx official. We are a transportation company -- we are not law enforcement. We have no interest in violating the privacy of our customers. We...
  • eBay Hacked, Urges All Members to Change Passwords Immediately

    05/21/2014 4:43:38 PM PDT · by kingattax · 32 replies
    Yahoo ^ | May 21, 2014 | Jason O. Gilbert
    The online auction and sales giant eBay posted a message Wednesday morning saying that it had been hacked, urging all of its members to change their passwords. The company said in a statement that a database containing encrypted passwords had been breached, but that financial data, including credit card information, was stored separately and was still safe. Hackers were able to gain access to eBay employee log-ins, eBay said, which in turn gave them access to the encoded passwords. eBay says that no unauthorized transactions have yet been made with the information. But if youre an eBay user, you still...
  • How Wayfair Sells Nearly $1 Billion Worth Of Sofas, Patio Chairs And Cat Playgrounds

    05/05/2014 1:48:17 PM PDT · by 2ndDivisionVet · 14 replies
    Forbes ^ | The May 5, 2014 Issue | Abram Brown
    Wayfair is an e-commerce site selling home furnishings. But with 1,600 employees, its physical presence is rapidly outgrowing its space in an obelisklike skyscraper in Bostons Back Baywhich happens to be a former hub of the Christian Science church. Long gone are the white shag carpets, wood paneling and executive-floor elevators that once allowed church higher-ups to avoid hoi polloi. Flat-panel TVs on each of 12 floors beam not messages of faith healing but maps of the U.S. and Europe that light up whenever theres a sale. Within seconds Katherine from Decatur, Tex. buys a $49 tungsten wedding ring, Jen...
  • Bitcoin in the sights of regulators (Australian Source)

    04/03/2014 5:54:47 PM PDT · by Up Yours Marxists · 4 replies
    Dynamic Business ^ | April 5, 2014 01:43 GMT | Edwin Carr
    Bitcoin is making news again. Angry investors in the virtual currency are joining a class action to recover nearly US$500 million lost when Mt. Gox, a Tokyo-based Bitcoin exchange, crashed at the end of February 2014. The collapse of the exchange is reported to be the result of theft by hackers. In another recent story, US magazine Newsweek claims to have tracked down the mysterious founder of the crypto-currency, a Mr Nakamoto in California. Bitcoins website names Satoshi Nakamoto as the currencys founder but many believe that is a pseudonym. Bitcoin is associated with some high profile criminal investigations, including...
  • Nine Retailers Closing the Most Stores

    03/13/2014 7:02:11 PM PDT · by SeekAndFind · 28 replies
    Wall Street 24X7 ^ | 03/13/2014 | By Douglas A. McIntyre and Alexander E.M. Hess
    Brick-and-mortar retailers have been suffering from slow economic activity for years, as well as from increased competition from online retailers. The rise in store closings is a prominent sign of their struggles. Weakened companies cannot afford the real estate and personnel costs that go along with supporting hundreds of unprofitable locations. The clearest proof of the problem was Radio Shack’s recent decision to close more than 1,000 stores. Radio Shack is hardly alone. During that last several years Gap has closed 20% of its locations. Even Macy’s, which has forecast strong earnings and is considered the most successful of the...
  • Twitter developing e-commerce service

    02/01/2014 8:27:54 PM PST · by 2ndDivisionVet · 1 replies
    Twitter is exploring ways to sell products directly from the 140-character missives the one-to-many text messaging service site is famous for, a technology news site has reported. Re/Code on Friday posted a screen shot of what this new service could look like, integrated into the site's familiar baby blue interface. It said it found the image posted on e-commerce site, which appeared to be working on a partnership with Twitter. In the screenshot, which is no longer able to be viewed, certain tweets are tagged "Twitter Commerce" and, when expanded, show a green "Buy with Fancy" button. The purchaser...
  • The Tipping Point (E-Commerce Version)

    01/19/2014 2:16:08 PM PST · by 2ndDivisionVet · 16 replies
    Andreesen Horowitz ^ | January 15, 2014 | Jeff Jordan
    The news around shopping during the holiday season was dominated by two separate stories. One talked about how traffic to brick-and-mortar stores was well below expectations, and that these retailers were forced to discount tremendously to drive sales. The other talked about how an enormous late surge in packages coming from e-commerce companies overwhelmed the capacity of UPS and, to a lesser extent, FedEx, and caused many of these packages to arrive after Christmas. But, to me, these two stories are not at all separate, they simply reflect different sides of the same narrative: Were in the midst of a...
  • Amazon just ruined Sunday morning [making a Lib's head explode]

    11/12/2013 3:13:48 AM PST · by Cincinatus' Wife · 43 replies
    Salon ^ | November 11, 2013 | Andrew Leonard
    Every day is now an Amazon delivery day. So says Dave Clark, Amazons vice president of worldwide operations and customer service, announcing a deal with the United States Postal Service that will allow the delivery of Amazon purchases on Sunday. Clark is guilty of some exaggeration. To qualify, you must be a member of Amazons $79-a-year Amazon Prime program. And when the service begins on Nov. 17, it will only be available in New York and Los Angeles, though there are plans to gradually expand to other cities. But the gist is clear: Amazons message to everyone who has lived...
  • Gun sales booming on Instagram

    10/23/2013 7:31:59 AM PDT · by Joe Brower · 9 replies
    Fox News ^ | 10/23/13 | Jeane MacIntosh
    Gun sales booming on Instagram By Jeane MacIntoshPublished October 23, 2013New York Post The gun market is booming on Instagram. The popular photo-posting app bought last year by Facebook for $1 billion has become the go-to place for folks looking to buy and sell firearms on the Internet, boasting a web of private owners and professional dealers with shotguns, handguns and assault rifles for sale on the open market, according to a report by The Daily Beast. Instagram is not an e-commerce site, and has no stated policy barring firearm sales. Users of the app can readily find...
  • Most People Are Supposed To Pay This Tax. Almost Nobody Actually Pays It.

    04/16/2013 9:25:07 PM PDT · by 2ndDivisionVet · 50 replies
    National Public Radio's Planet Money ^ | April 16, 2013 | Chana Joffe-Walt
    The majority of Americans have now filed their taxes. And the majority of Americans have done so incorrectly. There is one mistake, in particular, that lots of people made: They bought tax-free things online or in another state and they failed to pay tax on their purchase in their home state. It's called a use tax. As far as I can tell, accountants and tax lawyers are some of the only people who pay it. Forty-five states have a use tax. About 1.6 percent of the taxpayers in those 45 states actually pay the use tax. So I figured...
  • IRS Now Robo-audits Your Spending

    04/09/2013 5:33:47 AM PDT · by Kaslin · 56 replies ^ | April 9, 2013 | Chuck Norris
    These are the types of invasive tax maneuvers that boiled the blood of our Founding Fathers. But there's still a way out of all our Internal Revenue Service wars and woes. U.S. News & World Report highlighted some more encroaching news this past week in the article "IRS High-Tech Tools Track Your Digital Footprints." The IRS is "collecting a lot more than taxes this year," the report explained. "It's also acquiring a huge volume of personal information on taxpayers' digital activities, from eBay auctions to Facebook posts and, for the first time ever, credit card and e-payment transaction records." It...
  • Gregoire pushes for online sales tax

    11/26/2012 7:11:11 PM PST · by Baynative · 94 replies
    kiroTV ^ | 11/26/12 | AP
    OLYMPIA, Wash. Gov. Chris Gregoire's time in office may be best remembered for the major deals she helped broker, often in late-night bargaining sessions in which negotiators were ordered to find a resolution. Now the Democrat, two months away from leaving Washington state government, is looking to finalize one more big agreement.
  • Federal officials take down 132 websites in 'Cyber Monday' crackdown

    11/26/2012 1:14:57 PM PST · by Libloather · 8 replies
    The Hill ^ | 11/26/12 | Brendan Sasso
    Federal officials take down 132 websites in 'Cyber Monday' crackdownBy Brendan Sasso - 11/26/12 12:20 PM ET U.S. Immigration and Customs Enforcement and European officials seized 132 websites on Monday for allegedly selling counterfeit merchandise in a coordinated crackdown timed to coincide with the holiday shopping season. It is the third straight year that the government has seized websites on "Cyber Monday" the marketing term for the Monday after Thanksgiving, when many online retailers offer steep discounts and promotions. ICE's Homeland Security Investigations unit coordinated with officials from Belgium, Denmark, France, Romania, the United Kingdom and the European Police...
  • Black Friday sales online top $1 billion for first time: comScore

    11/25/2012 6:44:48 PM PST · by Olog-hai · 7 replies
    Reuters ^ | Sun Nov 25, 2012 6:44pm EST | Alistair Barr
    Black Friday retail sales online this year topped $1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, comScore Inc said on Sunday. Online sales jumped 26 percent on Black Friday to $1.04 billion from sales of $816 million on the corresponding day last year, according to comScore data. E-commerce accounts for less than 10 percent of consumer spending in the United States. However, it is growing much faster than bricks-and-mortar retail as shoppers are lured by low prices, convenience, faster shipping and wide selection.
  • As Online Retailers Launch Vendor Financing, Is Apple Credit Corp Imminent?

    10/08/2012 8:03:27 AM PDT · by RobertClark · 3 replies
    ZeroHedge ^ | 10/08/12 | Tyler Durden
    As we have been saying for over a year now, there are two key issues (one of which follows logically from the other) that central bankers are banging their heads against: the increasing scarcity of money good-assets, i.e., credible collateral, that can be pledged in exchange for debt at both the private and public level, and the collapsing cash flows at the corporate and household level (both incidentally direct artifacts of ubiquitous central planning and central banker intervention). This, among various other reasons chief among which is the parallel collapse in CapEx and R&D spending at the corporate level, is...
  • Wal-Mart to drop Amazon Kindle products, report says

    09/20/2012 11:02:07 AM PDT · by Responsibility2nd · 58 replies
    Washington Post ^ | 09/20/2012 | By Hayley Tsukayama
    Wal-Mart is reportedly planning to stop sales of Amazon Kindle products in its stores, Reuters reported, apart from its existing inventory and pending orders. According to Reuters, the decision was outlined in a memo obtained by the wire service that said the change is in line with the companys merchandising strategy. It follows a similar decision from retailer Target, which announced in May that it would no longer sell Kindle devices. ~snip~ While Wal-Mart is the worlds largest retailer, it competes fiercely with Amazon, which is ambitiously expanding the number of goods and services that it delivers straight to its...
  • What to replace with?...?...

    08/01/2012 12:45:19 PM PDT · by dps.inspect · 50 replies
    8/1/12 | me
    We just learned that Amazon or Amazon's president is donating $2.5 million to support gay marriage activists' efforts. Because of this, I cannot do business with them any more. Just prior to their announcement, I purchased my wife the Kindle Fire... Q, can you get books and such from other sources for the Kindle? Somebody out there with conservative leanings, some money and business knowhow needs to start a business like Amazon but with at least a neutral political stance if not more conservative. After the Chick-fil-A thing, ya gotta know that business would do very well, and I'd be...
  • Move to ban online ammo sales just cheap political theater

    07/31/2012 6:11:35 AM PDT · by cap10mike · 24 replies
    BizPac Review ^ | July 31, 2012 | Michael Dorstewitz
    Last week, I argued that the worst time to debate any gun control issue was in the wake of a massacre. I guess I didnt say it loud enough because the people in New York and New Jersey didnt hear me. Democratic lawmakers U.S. Rep. Carolyn McCarthy, N.Y. and U.S. Sen. Frank Lautenberg, N.J. announced the Stop Online Ammunition Sales Act Monday afternoon on the steps of New York City Hall. The bill, if passed, would put an end to all mail-order and online sales of ammunition.
  • Dem lawmakers to announce bill limiting online ammo sales

    07/29/2012 3:38:40 PM PDT · by jazusamo · 142 replies
    The Hill ^ | July 29, 2012 | Meghashyam Mali
    Two Democratic lawmakers on Monday will announce new legislation to regulate the online and mail-order sale of ammunition. Sen. Frank Lautenberg (N.J.) and Rep. Carolyn McCarthy (N.Y.) said the new law would make the sale of ammunition safer for law-abiding Americans who are sick and tired of the ease with which criminals can now anonymously stockpile for mass murder, in a statement released Saturday. The lawmakers cite the recent movie massacre in Aurora, Colo. for spurring their bill. The shooter who killed 12 and injured 58 in an Aurora, Colorado movie theater this month had purchased over 6,000 rounds of...
  • Amazons Founder Pledges $2.5 Million in Support of Same-Sex Marriage

    07/27/2012 6:39:44 AM PDT · by scottjewell · 97 replies
    New York Times ^ | July 27 2012 | Michael D Shear
    Jeff Bezos, the billionaire founder of, and his wife, MacKenzie, have agreed to donate $2.5 million to help pass a same-sex marriage referendum in Washington State, instantly becoming among the largest financial backers of gay marriage rights in the country. With the gift, the couple have doubled the money available to the proponents of Referendum 74, which would legalize same-sex marriage in the state by affirming a law that passed the Legislature this year. Courts or lawmakers have declared gay marriage legal in six other states, but backers of such measures have never succeeded at the ballot box. Proponents...
  • Chik-fil-a Wednesday...order something online!

    07/24/2012 10:05:51 AM PDT · by republicanbred · 62 replies
    Like many others, I will not be able to go to a Chik-Fil-A tomorrow to show support for them choosing to stand up for traditional marriage. Actually, that really bothers me. When a business owner is willing to stand up to the radical left, I feel it is critical to support them! So, I went to their website to see if I could order a gift card online tomorrow, I want to see tomorrow be their biggest day of sales ever! So, while I couldn't find a gift card, I found their store that has lots of various items for...
  • Investigators track Colo. shooting suspect's ammo shipments

    07/21/2012 6:32:22 PM PDT · by Oldeconomybuyer · 218 replies
    CBS News ^ | July 21, 2012 | by Bob Orr
    (CBS News) Sources say investigators have found key evidence in dumpsters and trash bins outside of James Holmes' apartment, including a shipping label from an internet ammunition store called Investigators also tell CBS News they have recovered a surveillance video of James Holmes picking up approximately 150 pounds of ammunition at a Federal Express outlet in Colorado. They've interviewed a UPS driver who says Holmes had 90 packages delivered to his workplace on the University of Colorado medical campus. And sources say over the past several months, Holmes spent about $15,000 as he was putting together his deadly arsenal...
  • Tax Break Nears End for Online Shoppers

    07/16/2012 2:29:10 PM PDT · by JeepersFreepers · 43 replies
    The Wall Street Journal ^ | July 16, 2012 | Monica Langley
    Republican governors, eager for new revenue to ease budget strains, are dropping their longtime opposition to imposing sales taxes on online purchases, a significant political shift that could soon bring an end to tax-free sales on the Internet. The newfound support among Republicans is a dramatic change from just a few months ago. [N.J. Gov. Chris]Christie called taxation of online sales "an important issue to all the nation's governors" and endorsed federal legislation giving all states taxing authority.
  • Christie Embraces Online Sales Tax

    07/16/2012 2:24:56 PM PDT · by Halfmanhalfamazing · 78 replies
    Wall Street Journal ^ | July 16th | WSJ Staff
    In a dramatic change, Republican governors including New Jersey Gov. Chris Christie are supporting sales taxes on online purchases in an attempt to send more revenue to state coffers.
  • The Invisible Bank: How Kenya Has Beaten the World in Mobile Money

    07/07/2012 11:20:03 PM PDT · by thecodont · 14 replies
    National Geographic ^ | July 4, 2012 | Posted by Ken Banks of National Geographic Emerging Explorer
    Click a few keys, exchange a few numbers, and its done. With just a mobile phone and a registration with Safaricom, Kenyas mobile service giant, you can pay for anything in seconds no cash, no long journeys to towns to reach a bank, and no long lines when you get there. This is m-Pesa, the revolutionary approach to banking which is changing economies across Africa. The service allows customers and businesses to pay for anything without needing cash, a bank account, or even a permanent address. In todays Digital Diversity, in honour of its recent fifth birthday, we present...
  • Judge Rules 'Amazon Tax' Unconstitutional

    04/27/2012 4:24:03 AM PDT · by Mechanicos · 28 replies
    Chicago List ^ | April 26, 2012 | Prescott Carlson
    House Bill 3659, colloquially referred to as the "Amazon Tax," was passed in March of last year which broadened the scope of which companies would be required to collect use tax from its customers. ......... Now according to Crain's, Cook County Circuit Judge Robert Lopez Cepero ruled that the state overstepped its bounds with the law, and that it doesn't pass constitutional muster.
  • The story of An American Love Affair

    04/24/2012 12:46:48 PM PDT · by AlaPatriot
    Human Events ^ | April 9, 2012 | Jason Mattera
    Jason Mattera, author of the brand-new book Hollywood Hypocrites: The Devastating Truth About Obama's Biggest Backers, recently interviewed the founder of American Love Affair, and here is an excerpt: I wanted to create a website that only sells American-made apparel and accessories because, at the end of the day, its my tribute to the country that has given me life, liberty, and opportunity, she told HUMAN EVENTS. The greatest compliment I could be paid is to be called a patriot."
  • New Website Created to Promote US Manufacturing

    04/22/2012 5:04:50 PM PDT · by LAConservatif · 6 replies
    Apparel News ^ | Apparel News
    Apparel News covers great story about an immigrant who is contributing to American productivity by promoting small US clothing companies. The goal is to find as many American-made brands and support them, she said. I would like to be the for everything made in the USA. To do that, she recently launched an e-commerce site dedicated exclusively to selling domestically crafted garments and accessories that she and her team have selected from scouring various sources in the heart of the downtown Los Angeles Fashion District, the Internet and trade shows. (Interesting read on what inspired founder).
  • Temporary outage of Visa card network Sunday

    04/01/2012 6:32:12 PM PDT · by thecodont · 9 replies
    Associated Press via San Francisco Chronicle / ^ | Sunday, April 1, 2012 | By MARCY GORDON, AP Business Writer
    (04-01) 17:11 PDT WASHINGTON (AP) -- A technical problem affecting the Visa network barred some people around the United States from using their credit and debit cards for about 45 minutes on Sunday, the company said. Read more:
  • Verizon Wireless: Yep, that'll be $2 to pay your bill online

    12/29/2011 11:43:07 AM PST · by John W · 34 replies ^ | December 29, 2011 | Marguerite Reardon
    Verizon Wireless plans to charge subscribers a new $2 fee every time they pay their wireless bills online or directly over the phone. A leaked memo from the company first reported by Engadget, showed some of the details of the new plan. And the blog Phone Scoop got confirmation from a Verizon representative on Thursday of the change. The new fee will go into effect starting January 15 and doesn't apply to customers paying their bills with an electronic check or who enroll in autopay using a credit, debit, or AT&T cards, according to the memo posted on Endgadget. Customers...
  • Amazon to open two local distribution centers, creating 1,350 jobs (Chesterfield, VA)

    12/22/2011 7:09:27 AM PST · by Portcall24 · 18 replies
    Richmond Times Dispatch ^ | 22 Dec 11 | John Reid Blackwell
    Online giant Inc. is planning to open two distribution centers in the Richmond area next fall that would employ a total of 1,350 people, state and local officials said Wednesday. The $135 million investment in Chesterfield and Dinwiddie counties is Virginia's largest single economic development deal since 2004 in terms of jobs created. The official announcement by Amazon and Gov. Bob McDonnell is expected this morning.
  • Small-business nightmare: 8 million sites hacked to harm customers' computers

    08/12/2011 10:04:03 PM PDT · by Libloather · 7 replies
    Link only - Small-business nightmare: 8 million sites hacked to harm customers' computers
  • College is a scam Lets make some money off it. Debt creates a generation of indentured servants.

    05/27/2011 4:41:45 AM PDT · by SeekAndFind · 62 replies
    Marketwatch ^ | 05/26/2011 | James Altucher
    We cant deny it anymore: college is a scam and a bubble (see the reasons why below). But Im the first to admit its going to take years for that bubble to burst. And while college tuitions are still skyrocketing and student-loan debt is creating a generation of indentured servants, we might as well benefit from it Many stocks will continue to go up from the multi-decade college bubble, even as it eventually bursts: The Washington Post Co. , which owns Stanley Kaplan, gets all of its earnings from the education side of its business. Blackboard , which is the...
  • Consumers don't pay 98.6% of tax for online purchases

    05/10/2011 7:23:25 AM PDT · by freedombiz · 103 replies
    Orange County Register ^ | May 10, 2011 | Jan Norman
    Californians who buy products online from out-of-state merchants pay virtually none of the tax, according to a new analysis by the staff of the State Board of Equalization. California consumers are paying an average of 1.4% of the total use tax on purchases made from out-of-state retailers that do not collect the taxes for the state, according to the analysis published in the boards May Economic Perspective newsletter. The U.S. Supreme Court has ruled that states cannot compel companies that have no physical presence inside their borders to collect such taxes. So the board has been on a campaign to...
  • Groupon, Daily-Deal Spending Could Reach $6 Billion By 2015

    03/03/2011 7:52:16 AM PST · by Slyscribe · 2 replies
    IBD's Click ^ | 3/3/2011 | Pete Barlas
    By 2015, consumers in the U.S. likely will spend nearly $4 billion on daily-deal offers provided by companies such as Groupon and LivingSocial, says a report released Thursday morning. The report, by research firm BIA/Kelsey, offered a three-level estimate for the amount of spending on daily deals. It said $3.9 billion is the most likely scenario to play out by 2015. But under the most optimistic scenario, it says sales could reach $6 billion, while the firms low-end projection is $2.1 billion.
  • Bill in Congress would undo Va. vintner's victory over wine shipping

    05/04/2010 3:14:08 PM PDT · by fightinJAG · 7 replies · 309+ views
    WaPo ^ | May 5, 2010 | Dave McIntyre
    The battle over direct shipping of wine from producer to consumer has returned to Congress. Last month, Rep. Bill Delahunt (D-Mass.) introduced legislation pushed by beer and wine wholesalers that could make it nearly impossible for consumers to have wine shipped to their door. Delahunt's bill would effectively overturn a U.S. Supreme Court ruling issued five years ago this month in Granholm v. Heald, a case brought by the late Virginia vintner Juanita Swedenburg. The ruling held that states had primary responsibility for regulating the distribution of alcoholic beverages, but that they could not discriminate against out-of-state producers by allowing...
  • Obama signs bill restricting mail-order cigarette sales

    04/02/2010 8:20:16 AM PDT · by Drango · 90 replies · 2,342+ views
    Buffalo News ^ | 4/1/10 | Jerry Zremski
    Obama signs bill restricting mail-order cigarette sales WASHINGTON President Obama on Wednesday signed legislation that bans the U.S. Postal Service from shipping cigarettes a measure that's expected to cripple the mail-order tobacco businesses run by members of the Seneca Nation of Indians. White House press secretary Robert L. Gibbs announced the signing in a brief statement that included no comment on the new law, which the Senecas fought furiously. In response, Seneca Nation President Barry E. Snyder Sr. accused the president of betraying the very Indian nations he wooed during his 2008 campaign and spoke to last fall....
  • Senate vote endangers Seneca mail-order cigarette business

    03/12/2010 4:41:44 PM PST · by Drango · 57 replies · 1,117+ views
    Buffalo News ^ | 3/12/10 | Jerry Zremski
    By Jerry Zremski NEWS WASHINGTON BUREAU CHIEF WASHINGTON The Senate late Thursday unanimously passed a bill that could devastate the Seneca Nation's mail-order cigarette business, voting to ban the U.S. Postal Service from mailing tobacco products. The Senate's sudden and bipartisan passage of the Prevent All Cigarette Trafficking (PACT) Act thrilled anti-smoking advocates while infuriating the Senecas, who say the bill could threaten as many as 1,000 jobs in Western New York. The Senate passed the bill as part of its routine legislative work at the end of Thursday's session. The House in May passed a slightly different version...
  • Hickenlooper missed his chance on Amazon tax

    03/09/2010 11:58:42 AM PST · by george76 · 27 replies · 211+ views
    Denver Post ^ | March 8, 2010,
    Amazons move to drop its Colorado associates so soon after Gov. Ritter signed a new law creating a so-called Amazon tax is regrettable but not shocking. There were plenty of signals that repealing a tax exemption for online retailers would face legal challenges and possibly just such a move as Amazon launched today. The Post editorial board was among critics who warned the new law looked awfully problematic for such little gain . John Hickenlooper missed a golden opportunity in not weighing in on this tax. Score one for McInnis. Suddenly he looks like the prescient one while Denvers...
  • IRS to Track Online Sellers' Payment Transactions Beginning Next Year

    03/09/2010 2:21:03 AM PST · by The Magical Mischief Tour · 59 replies · 473+ views ^ | 03/07/2010 |
    Internet sellers who don't report their sales will no longer be under the radar. Starting next year, any bank or other payment settlement company that processes credit cards, debit cards, and electronic payments such as PayPal will have to issue information returns telling the IRS what merchants receive. The new returns are Form 1099-K, Merchant Card and Third-Party Payments. Purpose of Reporting The IRS believes that many online sellers fail to report their transactions. Some don't report because they mistakenly believe that Internet sales are invisible. Others do so because they are trying to evade taxes. The IRS has found...
  • Amazon Cuts Off Colo. Affiliates Because of Tax (Internet Sales Tax)

    03/09/2010 2:13:05 AM PST · by Dallas59 · 14 replies · 219+ views ^ | 3/9/2010 | Yahoo News
    DENVER Inc. cut ties Monday with Colorado online businesses that help it sell products because of a new state law aimed at getting out-of-state, online retailers to collect sales tax. The move hurts businesses many of them small, home-based operations that earn money by using their Web sites and blogs to link customers to online retailers. Colorado has at least 4,200 such businesses, known as affiliates or associates, accounting for about 5,000 jobs, and most of them rely on Amazon to some degree, according to their trade group, the Performance Marketing Association. The group's executive director,...
  • VA: Amazon sales tax collection bill clears Senate (Republicans pushing taxes)

    02/16/2010 10:07:07 AM PST · by rabscuttle385 · 49 replies · 1,043+ views
    The Times Dispatch, Richmond, Va. ^ | 2010-02-16 | Jeff E. Schapiro
    Legislation requiring online retailers to collect Virginia's 4.5 percent sales tax -- the so-called "Amazon Bill" -- easily cleared the Virginia Senate this morning and is headed to the House of Delegates, where opponents hope it falls prey to that chamber's hostility to taxes. Senate Bill 660, by Republican Emmett W. Hanger Jr. of Augusta, was approved, 28-12. The measure is a priority among traditional, bricks-and-mortar retailers, who say they can't compete with online businesses that currently don't have to collect the tax on Virginia sales. Foes say the legislation is a jobs-killer; that it would force Internet businesses here...
  • The Fight Over Who Sets Prices at the Online Mall (corporate price fixing)

    02/08/2010 12:38:49 PM PST · by a fool in paradise · 20 replies · 581+ views
    NY Times ^ | February 7, 2010 | BRAD STONE
    ...To see how much these items cost, shoppers must add the merchandise to their shopping carts in effect, taking it up to the virtual register for a price check... In many cases that freedom stems from a 2007 Supreme Court ruling in the case of Leegin Creative Leather Products v. PSKS. The ruling gave manufacturers considerably more leeway to dictate retail prices, once considered a violation of antitrust law, and it set a high legal hurdle for retailers to prove that this is bad for consumers. ...retailers say manufacturers have become increasingly aggressive with one tool in particular: forbidding...
  • High Court Rules Against New York City in Internet-Tobacco Suit

    01/26/2010 4:20:24 PM PST · by GOP_Lady · 23 replies · 854+ views
    The Wall Street Journal ^ | 01-25-10 | BRENT KENDALL
    WASHINGTONThe Supreme Court ruled Monday that New York City couldn't use federal racketeering laws to sue out-of-state Internet tobacco retailers that don't file reports on city residents who buy cigarettes online. The city wants the reports so it can collect cigarette taxes directly from residents who purchased tobacco products online. The retailers aren't required to collect the taxes. The case before the high court centered on New York's allegations that New Mexico-based online retailer Hemi Group committed racketeering offenses of mail and wire fraud by allegedly failing to submit reports on its New York City customers to state tobacco administrators....