Fanbank Lets Stores Sell Items on Facebook through Credit System

| Mike O'Brien

Fanbank, a Santa Monica, CA-based startup, aims to give small business owners a greater opportunity to reach online buyers by creating digital credits that can be redeemed in brick-and-mortar stores through Facebook ad campaigns. The ads show up in shoppers’ newsfeeds, and soon will be publishable on a merchant’s Facebook page.

Sales Taxation Without Physical Location: Decision Time for All Ecommerce Businesses

| John Hayashi

Americans are used to hearing the refrain “we pay the sales tax” in today’s advertising campaigns, but in the wake of the United States Supreme Court’s ruling in South Dakota v. Wayfair (June 2018), the phrase “you pay the sales tax,” may be what many small business sellers will hear instead in future audits of their business operations. Here is what ecommerce businesses need to know moving forward.

The Ever-changing Landscape of Retail and Ecommerce

| Daniela Forte

Today’s customers having high expectations from retailers to deliver an optimal experience. And while retailers are doing what they can to jump through the right hoops to deliver on their brand promises, they do so in the face of government oversight. Join Multichannel Merchant and Vertex for a free live webinar on Tuesday, April 23 at 1 p.m. (EST) to learn more about recent legislative changes such as global tax on the digital economy, real-time reporting, and the Supreme Court ruling on S. Dakota v. Wayfair and their effects on organizations. If you can’t make it to the live webinar, you can still register and access the on-demand version, available immediately afterwards to view at your convenience.

Best Buy Names New CEO

| Daniela Forte

Best Buy announced that Corie Barry, its chief financial and strategic transformation officer, will be the company’s new CEO, effective June 11. This makes Barry the first woman to serve in this role in the company. Learn more about the leadership changes at Best Buy.

Bed Bath & Beyond to Close 40 Stores

| Daniela Forte

Bed Bath & Beyond announced the closing of 40 stores and may close more stores if it cannot negotiate more favorable lease terms with its landlords. Here is how the company is reimagining its bricks-and-mortar presence in the age of ecommerce.

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