House Judiciary Committee Releases Principles on Internet Sales Tax

| MCM Staff

Today the House Judiciary Committee released basic principles pertaining to the issue of Internet sales tax. To develop these principles, the Committee received input directly from taxpayers, industry and trade groups, and representatives of state and local governments. The principles are intended to guide discussion on this issue and spark creative solutions.

J.Crew 2Q Direct Sales up 13%

| MCM Staff

J. Crew’s second quarter direct sales increased 13% to $151.8 million following an increase of 16% in the second quarter last year.

HoneyBaked Ham Company to Launch in Japan

| MCM Staff

The HoneyBaked Ham Company announced that after it’s 55-year history selling in the United States it will now expand to Japan with a storefront, an ecommerce site, sampling and a full marketing campaign specific to the region.

RetailMeNot Files for $230 Million IPO

| MCM Staff

RetailMeNot announced Monday that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Series 1 common stock.