NRF applauds delay in ACA revisions
Washington, D.C. – The National Retail Federation (NRF) is applauding a decision by the Treasury and IRS to delay implementation of some employer requirements under the Affordable Care Act (ACA) until 2015 and eliminate other requirements for small businesses.
As a result of changes to ACA regulations announced on Feb. 10, the percentage of full-time workers that large employers with 100 or more employees need to offer coverage to will be phased from 70% in 2015 to 95% in 2016 and beyond. Companies with 50-99 employees that do not yet provide quality, affordable health insurance to their full-time workers will report on their workers and coverage in 2015, but have until 2016 before any employer responsibility payments could apply. And small businesses with fewer than 50 employees are not required to provide coverage or fill out any forms in 2015, or in any year, under the Affordable Care Act.
“The Administration should receive a gold medal for recognizing the enormous complexities of the Affordable Care Act, and its agility and flexibility in working with retailers and others in crafting these much-needed and commonsense reforms and revisions,” said Neil Trautwein, VP and employee benefits policy counsel for the NRF, in a statement. “Continued simplicity, streamlining and clarification of the Affordable Care Act are in the best interest of employers and employees and the Administration and Congress."
Shoebuy.com taps online retail marketing exec as CMO
Shoebuy.com, a leading global online retailer of shoes and clothing, has appointed Anabela Perozek as the company’s new chief marketing officer. Perozek joins Shoebuy’s senior management team and will report to CEO Mike Sorabella.
"With nearly two decades of exceptional online and retail experience, Anabela is a fantastic addition to Shoebuy, as we further our commitment to our customers and our industry partners," said Sorabella. "She will be a great leader for our growing marketing team and will help enhance marketing operations as well as take customer engagement initiatives to a new level in this next phase of our growth."
In her new role, Perozek will be responsible for all aspects and execution of the company’s marketing strategy, including driving brand positioning, customer experience and the growth of Shoebuy’s customer base. Perozek has a proven track record of efficiently driving customer acquisition and engagement. She joins Shoebuy from Staples, where she most recently served as the VP of marketing for Staples.com. In that role, she was responsible for all customer development and loyalty programs for the U.S. business. During her 15-year tenure at Staples, Perozek also held roles in various business units and functional areas including corporate strategy, retail marketing, contract operations and online sales and marketing.
"I am thrilled to join the Shoebuy team. There is a unique opportunity to elevate the brand, enhance the customer experience and grow market share," added Perozek.
Perozek has a master in business administration from MIT Sloan School of Management and a bachelor of arts in political science from Amherst College.
Dover Saddlery expects lower net income for 2013, plans new stores
Littleton, Mass. — Dover Saddlery reported a preliminary unaudited decline of 6% in its year-over-year net income for 2013, from $1.7 million to $1.6 million. Preliminary unaudited revenues for 2013 increased $7.5 million, or 8.7%, to approximately $93.8 million from $86.3 million achieved in 2012.
Same-store sales rose 4% for the year. In addition, Dover Saddlery expects to open five to seven new stores in fiscal 2014 and also expand its e-commerce operation.
"As previously announced, the fourth quarter was very strong which helped to offset the first quarter of 2013 which was adversely affected by weather with about 70 lost sales days," said Stephen L. Day president and CEO of Dover Saddlery. "The preliminary unaudited 2013 revenues were approximately $93.8 million versus $86.3 million for 2012, an 8.7% increase. In addition, same-store sales were up 4% over prior year. So in spite of the weather challenges, in all, it was a very good year."