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News
Consumer Sentiment Jumps to Highest Level since 2008
After months of teetering between positive and negative territory, the Consumer Reports Index’s sentiment measure leapt to it highest level since 2008.
Senate Approves Internet Sales Tax
The Senate has approved the long-anticipated internet sales tax proposal, which would require shoppers to pay sales tax for most of their online purchases, and it has earned mix reviews from retailers across the country.
Best Buy to Sell its Stake in Europe
Best Buy has entered into an agreement to sell 50% of its interest in Best Buy Europe, according to a statement issued by the electronics retailer, back to Carphone Warehouse.
Wal-Mart Tops Fortune 500 List
Wal-Mart landed back in the top spot of the annual Fortune 500 list in 2013 after it reportedly earned $469 billion in revenue, according to the list.
Adam & Eve Experiences 37% Sales Increase
Adam & Eve announced that 1st quarter 2013 sales were up a whopping 37% over 1st quarter 2012. First quarter profits for 2013 were up as well.
Online Sellers Need to Stay Alert to Potential Tax Compliance Requirements Under Proposed Marketplace Fairness Act
With the U.S. Senate poised to vote on legislation allowing states to require online and other out-of-state merchants to collect and remit sales and use taxes on products and services they sell, companies need to stay
Rue La La Founder Ben Fischman Steps Down
Rue La La’s founder Ben Fischman has stepped down from his post as CEO and has been replaced by Steve Davis.
eBay Says Marketplace Fairness Act Fight is Not Over
Devin Wenig, president of eBay Marketplaces, said it’s inevitable that an online sales tax bill will eventually become law, but that it won’t stop his company from fighting to make it fair for small businesses.
Online Retailers Looking to Master Mobile Site Search
Site search is no longer just for the traditional ecommerce website. Now, more online retailers are putting a greater emphasis on site search to create a user-friendly mobile site for the on-the-go customer.