FINANCE

RILA: President’s budget falls short on tax reform

BY CSA STAFF

Arlington, Va. — A statement by The Retail Industry Leaders Association regarding President Obama’s 2014 budget proposal was issued Wednesday, saying, “While we applaud the President for recognizing the urgent need for revenue neutral corporate tax reform, his proposal falls short of the bold reforms needed.” said Bill Hughes, SVP government affairs.

“Comprehensive tax reform, which reduces rates for individuals and pass-through entities as well as corporations, is the best way to stimulate economic growth, ease burdens on consumers and allow businesses to create jobs,” Hughes added.

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OPERATIONS

J.C. Penney’s Ullman resigns from Saks board

BY Katherine Boccaccio

New York — In not-so-unexpected news, a regulatory filing with the SEC on Wednesday revealed that J.C. Penney’s new CEO Mike Ullman has resigned from Saks Inc.’s board of directors, effective Monday.

Saks has not yet named a replacement for Ullman.

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News

Verge Connect teams with c-store parent GPM on smartphone app

BY Katherine Boccaccio

Henderson, N.C. — Verge Connect said Wednesday it is powering Fas Mart/Shore Stop’s first smartphone application, which debuted in April across more than 200 locations primarily in Virginia, Connecticut, Maryland and Delaware.

The new application, called Fas APP, integrates with the retailer’s new secure payment card.

Fas Mart/Shore Stop, which are owned by GPM Investments, selected the Verge Connect platform to help build the company’s digital and mobile presence.

“Verge has enabled us to quickly and efficiently set in place the technology, tools and resources needed to augment offerings such as Fas CASHBACK, as well as other key initiatives in the pipeline,” said Barry Khosropanah, Fas Mart’s SVP information technology.

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A.Patel says:
Apr-11-2013 06:28 am

Nice Decesion
I like your stuff. If your product is not ready then do not launch it. I have done the same. I am in sanitaryware line and I had stopped my various products because of some manufacturing defects. If you want to visit our site then here is the visit: www.cera-india.com

A.Patel says:
Apr-11-2013 06:28 am

I like your stuff. If your product is not ready then do not launch it. I have done the same. I am in sanitaryware line and I had stopped my various products because of some manufacturing defects. If you want to visit our site then here is the visit: www.cera-india.com

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

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