Report: Canada zaps ‘zapper’ software
Ottawa, Ontario — The Canadian government is reportedly seeking to boost penalties for retailers caught using “zapper” software that can delete or modify transactional data in electronic POS systems to illegally hide sales.
According to Bloomberg, following an investigation into the use of zapper software by Canadian hospitality retailers that resulted in tax evasion prosecution of two chains and their directors, the government wants to create new civil and criminal penalties for both companies using zapper software and those that develop and/or provide it. A voluntary disclosure program would allow companies using zapper software to only pay taxes and interest if they came forward before an investigation began.
The penalties are mainly seen as a way to protect large retail chains against unfair competition from smaller retailers that are more likely to use zapper software. Canadian Parliament is expected to start considering the proposed penalties in the near future.
Saks Fifth Avenue Off 5th plans new Florida store
New York — Saks Fifth Avenue Off 5th plans to open a new store in Aventura, Fla., on Sept. 20.
The store will be located in Town Center Aventura developed in partnership with Turnberry Media and will be the third Saks Fifth Avenue Off 5th location in Miami. The 28,000-sq.-ft. layout includes an open floor plan, moveable fixtures and bright lighting.
“Miami, Florida is a great market for Saks Fifth Avenue Off 5th, where we have many loyal customers,” said Robert Wallstrom, president of Saks Fifth Avenue Off 5th. “We believe the opening of our new store at the Town Center of Aventura will quickly become a premier destination for shoppers in this vibrant market. Our new store will allow us to better showcase our unique product, great service and extraordinary savings.”
Hhgregg opens Cincy store
Indianapolis — Hhgregg will open a new store in the Cincinnati area on Sept. 19. The new store, located at 5045 Glencrossing Way in the Western Hills section of Cincinnati, will replace the previous location at 5111 Glencrossing Way.
“We are excited to introduce a new, modern store to our customers in Western Hills,” said Jeff Pearson, senior VP of marketing for Hhgregg. “We hope that Cincinnati-area residents will take advantage of special sale pricing at all of our local stores, including great specials on a wide variety of computers, televisions, phones, tablets and appliances.”