July 10, 2015

Net income at warehouse club retailer PriceSmart Inc. stayed essentially flat at $21.2 million during the third quarter of fiscal 2015, compared to $21.3 million in the prior year period.

May 19, 2015

Etsy Inc., the online marketplace for handmade goods, has released its first-ever earnings report, which shows growth in both net loss and revenue.

March 5, 2015

A tax benefit in connection with a special cash dividend helped boost net income at Costco Wholesale Corp. a better-than-expected 29% to $598 million from $463 million in the company’s second quarter of fiscal 2013.

February 24, 2015

Retailers looking forward to consumers receiving their tax refund checks this year may be setting themselves up for disappointment.

February 9, 2015

Today in the U.S., e-commerce businesses are “more equal” than their brick-and-mortar peers. The Internet remains a tax-free zone, and the Marketplace Fairness Act (MFA) remains shelved in the House of Representatives.

January 20, 2015

In its newest move to offer more in-store financial services, Walmart is offering shoppers the option to pick up their tax refunds in cash.

December 19, 2014

The Deloitte Consumer Spending Index reached its highest point since November 2013, rising to 4.5 from 4 the prior month. 

December 15, 2014

Retail real estate services provider Phillips Edison & Company has named Thomas L. Drake, CPA to the role of VP of tax. In his new role, Drake will be responsible for leading all aspects of the tax functions for the organization.

November 26, 2014

Casey’s General Stores Inc. will revise its financial statements for fiscal years 2012, 2013 and 2014 and the first quarter of fiscal year 2015, due to a $31.5 million error in how it accounted for excise tax on sales of ethanol fuel. 

November 25, 2014

Casey’s General Stores Inc. will revise its financial statements for fiscal years 2012, 2013 and 2014 and the first quarter of fiscal year 2015, due to a $31.5 million error in how it accounted for excise tax on sales of ethanol fuel.

November 17, 2014

The Deloitte Consumer Spending Index marginally dipped in October after two months of consecutive increases. The Index tracks consumer cash flow as an indicator of future consumer spending.

October 30, 2014

A switch from an income tax benefit to income tax expense helped drive a reduction in net income at online jewelry retailer Blue Nile Inc. during the third quarter of fiscal 2014.

October 7, 2014

Store closing and pre-opening costs, as well as an unfavorable state tax ruling, reduced net income at Village Super Market Inc. 5% to $5.87 million in the fourth quarter of fiscal 2014, from $6.2 million in the same quarter the prior year.

July 24, 2014

The loss of a large tax benefit caused Supervalu’s net income to plummet 49% in the first quarter of fiscal 2015 to $43 million from $85 million in the year-ago period.

July 16, 2014

The National Retail Federation (NRF) is supporting the Marketplace and Internet Tax Freedom Act.

June 20, 2014

Major multinational retailers such as Starbucks and Apple will have to start paying higher taxes in Europe, thanks to a move by the European Union (E.U.) to end certain tax breaks it has now defined as “state aid,” which is prohibited by E.U. bylaws.

June 19, 2014

Alco Stores Inc. reported a net loss of $8.1 million in the first quarter of its fiscal year, up from a loss of $1.7 million in the year-ago period, amid an elimination of a tax benefit.

June 13, 2014

Toys “R” Us reported a net loss of $196 million in the first quarter of fiscal 2014, up from a $111 million net loss in the year-ago period, amid a decrease in income tax benefit and rise in expenses that included investments in e-commerce and U.S. store maintenance.

June 11, 2014

The European Union (E.U.) is investigating lucrative tax breaks individual member countries such as Ireland, the Netherlands and Luxembourg have been giving major global companies including Starbucks and Apple.

May 30, 2014

A pre-tax restructuring charge of $17.3 million during first quarter 2014 in connection with its previously announced strategic realignment was a major factor in a year-over-year net income decline at Ann Inc.

May 29, 2014

Fred’s Inc. cited higher income taxes as contributing to declining net income in the first quarter of fiscal 2014.

May 23, 2014

Shoe Carnival Inc. reported a 3% year-over-year drop in net income to $9.2 million, from $9.5 million in the first quarter of fiscal 2014.

May 22, 2014

Best Buy Co. Inc. swung to a net profit in the first quarter of fiscal 2015 from a net loss in the same period a year earlier, but missed estimates with a drop in sales.

April 30, 2014

A $3 billion tax charge on foreign profits resulted in EBay Inc. reporting a net loss of $2.33 billion for the first quarter of fiscal 2013, compared to net earnings of $677 million in the first quarter of the previous fiscal year.