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Retail Sales Numbers Predict A Cruel April

PYMNTS

Department of Commerce released its retail sales results for March, showing record-setting declines due to changes in consumer behavior and the COVID-19 lockdown. Overall sales fell 8.7 With some analysts estimating a 4 to 24 percent drop the number was surprisingly low. percent from March, the biggest decline since 1992.

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The Economic Case For Remote Sales Tax Uniformity

PYMNTS

Wayfair play out for nearly two years, as states unfurl all kinds of economic nexus and marketplace facilitator policies. Remote Sales Tax Laws: Winners and Losers . The United States’ current array of remote sales tax laws is causing chaos for some companies, particularly SMBs and startups, Isaacson said.

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Setting Your B2B Sales Strategy in a Downturn

CFO News Room

For sales teams selling to clients in cost-cutting mode, this requires new tactics. With many organizations, we are seeing sales force reductions that parallel the layoff announcements. At others, we see sales force hiring freezes. And every sales organization is rethinking its strategy and scale.

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Retail Sales Weaker Than Expected, Deepening Recovery Concerns

PYMNTS

The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment of diminished expectations, the number reported by the Census Bureau was a disappointment. Year on year, retail sales fell 21.5 GDP, took a 16.4 percent decline logged in March.

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How Understanding Sales Tax Can Help Your Business

CFO Share

Think your business is too small to worry about sales taxes? South Dakota , small business sales tax has been an issue you cannot afford to ignore. With audits ramping up and penalties exceeding $100,000, understanding sales and use tax is essential. The cost of sales tax non-compliance. Think again. Ever since Wayfair v.

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Retail Sales Spike In July Eases Some Economic Worries

PYMNTS

-China trade relations, the markets got some good news in the form of July retail sales figures. July retail sales saw a 0.7 And taking out such volatile segments as auto and gas sales, retail sales were up 0.9 The areas of major push for increases were online sales, as internet retailers saw a 2.8

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Big Tech Earnings Cement Digital-First Economic Shift

PYMNTS

Economic headwinds abound. Facebook said that ad sales were up 22 percent; for Google, search and other ad revenues surged by roughly 6 percent to $26.3 billion, and YouTube saw ad sales up by 32 percent to $5 billion and network ad spend up 9 percent year on year to $5.7 Virus cases are rising.