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Your online shopping could get a little more expensive. The Senate passed the Marketplace Fairness Act Monday, which gives states the power to force retailers outside their borders to collect online sales tax. The legislation forces retailers with more than $1 million in annual sales to collect taxes from buyers. As it stands now, states can only require merchants with a physical presence within their borders to collect taxes, making many online retailers a budget-friendly option for consumers. However, brick-and-mortar stores have said the tax loophole puts them at a disadvantage and makes them a showroom to consumers to check out a product, who then buy it cheaper online. "Online retailers are increasingly moving toward same-day or next-day delivery which means they have to be close to customers in terms of distribution centers and truck fleets to make this happen," explained David French, senior vice president for government relations at the National Retail Federation. "This m...
The U.K. arm of U.S. restructuring specialist Hilco on Friday said it has secured a deal to rescue HMV, Britain's last remaining high street music retail chain.Hilco...
Wal-Mart Stores Inc (NYSE:WMT) is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services tha...
Best Buy Co Inc founder Richard Schulze, who left the board last year and later failed in his effort to take the company private, will rejoin the retailer as chairma...
Best Buy Co. (BBY) founder Richard Schulze is returning to the company as chairman emeritus, a few weeks after the big-box retailer ended talks over a deal in which ...
Best Buy (NYSE:BBY) founder Richard Schulze, after a failed attempt to make a takeover bid, is back at the retailer as its chairman emeritus.In a statement released ...
Experian Marketing Services Managing Director Bill Tancer on the state of the retail sector.
International Council of Shopping Centers CEO Michael Kercheval on brick and mortars retailers being killed by online tax loopholes.
The U.S. economy expanded and the labor market improved a little in January and February, amid higher payroll taxes and lingering uncertainty over Washington's spend...
Best Buy Co.'s (BBY) fiscal fourth-quarter loss narrowed sharply as the big-box consumer-electronics retailer recorded fewer one-time charges, although core earnings...
Electronics retailer Best Buy Co. said Friday its fourth-quarter loss narrowed to $409 million, or $1.21 a share, from $1.82 billion, or $5.17 a share, a year earlie...
Want to shop smarter online? You may want to check out your credit card's Internet "shopping portal."It's one of the fastest ways to rack up rewards points, and all ...
Best Buy Co Inc founder Richard Schulze's effort to take the company private is in trouble after attempts to secure financing faltered while an alternative strategy ...
What Not to buy in MayLooking for bargains in May? Forget the TV, and step away from the lawn mower. Instead, enjoy a picnic on the patio.May has plenty of discounts...
In a move that is being cheered by investors, Best Buy (NYSE:BBY) announced plans on Tuesday to sell its 50% stake in its struggling European business to Carphone Wa...
EBay Inc Chief Executive John Donahoe began emailing millions of users of the company's online marketplace on Sunday in an unprecedented lobbying effort to change lo...
CEO Yasmin Kaderali runs a business founded by her mother, who was dismayed by a lack of “Gripe Water” in the U.S., after using it to calm fussy babies in Tanzania and Scotland.
U.S. retail sales dropped in March as spending at gasoline stations tumbled and consumer purchases were mixed elsewhere.Retail and food service sales contracted by 0...
===================================================== US Retail Sales Mar Feb ! Consensus: ! Overall: -0.4% +1.0%r ! -0.1% ! Ex-Autos: -0.4% +1.0% ! Actual: ! ! -0.4...
European Union regulators have given the unconditional green light to the proposed merger between Bertelsmann SE & Co.'s Random House and Pearson PLC'S (PSON.LN) Pen...
