Indian grocer to open at Loehmann’s Plaza
Sunnyvale, Calif. — Jacksonville, Fla.-based Regency Centers said that Indian Bazaar has leased 4,480 sq. ft. at Loehmann’s Plaza in Sunnyvale, Calif.
The new grocery store is slated to open in May 2012.
The 113,309-sq.-ft. shopping center is anchored by CVS/pharmacy alongside national retailers including Safeway, Nail Time and Starbucks.
Pick your poison: Ex-presidents to speak at industry events
NEW YORK — Republican and Democrat retail executives both have something to look forward to in 2012 as former presidents Bill Clinton and George W. Bush are scheduled to speak at major industry events.
Clinton is first up at the National Retail Federation annual convention in New York on Jan.16, while Bush will serve as the keynote speaker at the National Association of Chain Drug Stores annual meeting in Palm Beach, Fla. April 21 to 24.
Regardless of one’s political leanings, anytime the former leader of the free world speaks it is worth paying attention, and that will be especially true in 2012 when an already intensely partisan political climate is set to escalate further thanks to election year politics taking place against the backdrop of a weak economy, an unfathomable amount of national debt and debate about who’s policies are to blame and what can be done to correct the situation.
NRF calls for sales tax fairness for brick-and-mortar, online retailers
WASHINGTON — Internet retailers have an unfair advantage over Main Street merchants when it comes to sales tax, and legislation may be the solution to help level the playing field, according to the National Retail Federation.
In written testimony submitted to a House Judiciary Committee hearing on sales tax fairness legislation, NRF SVP government relations David French said a "sales tax collection discrimination" exists between brick-and-mortar and remote retailers due to a 1992 Supreme Court ruling, which declared that retailers are required to collect sales tax from out-of-state customers only if they have a physical presence, such as a store, warehouse or office in the customer’s state.
The committee is scheduled to examine constitutional limitations on states’ ability to require out-of-state sellers to collect tax on sales made to their residents, NRF said.
“Sales tax fairness requires all sellers, whether brick and mortar or remote, to collect sales taxes, but only after the states have simplified their collection requirements,” French said. “NRF urges the committee to enact sales tax collection reform that will level the playing field between brick and mortar and remote sellers by granting states the authority to collect sales taxes from all sellers regardless of their distribution method.”
French also added that cash-strapped states are losing an estimated $24 billion each year to untaxed online purchases.