After months of uncertainty about a border-adjusted tax, retail CEOs are renewing efforts to quash the idea. Executives are planning to host a meeting with Treasury Secretary Steven Mnuchin on Tuesday to reinforce their opposition to the tax policy, which is a centerpiece of House Speaker Paul Ryan’s agenda. Ryan’s plan would replace the existing corporate income tax with a 20 percent levy on U.S. companies’ domestic sales and imports. Exports would be excluded. The 10-person group that’s meeting with Mnuchin includes chief executive officers from both retail and consumer-product companies, according to Brian Dodge, senior executive vice president for public affairs for the Retail Industry Leaders Association. The lineup includes department-store chain J.C. Penney Co., apparel maker VF Corp. and battery producer Energizer Holdings Inc., he said. click Read More below for more of the story
Amazon.com is dropping its first-ever printed holiday toy catalog to millions of customers starting this month, according to a report on CNBC. The catalog features 70 pages of cozily-clad kids surrounded by toys such as action figures, board games and Barbies, as well as high-end items such as Bose audio gear and PlayStations. The book is similar in style to traditional marketing catalogs, but with some twists. For example, no prices are listed. Shoppers have to go Amazon’s website to find out how much the products actually cost. (This was reportedly done by design: The lack of published prices enables Amazon to change its pricing to stay competitive as the season heats up.) In addition, some of the featured toys come with a QR code, allowing readers to instantly scan and shop for more products. Readers can also scan the product images in the catalog with their Amazon app to get more information and add them to their shopping cart. Digital versions of the catalog are available on Kindle and in PDF form online.
Total Retail’s Take: Let’s face it: Amazon’s holiday toy catalog, which has a distinct retro look, is designed to appeal to consumers who were used to receiving catalogs from the now defunct Toys”R”Us this time of year. Amazon isn’t the only company looking to cash in on Toys”R”Us’ absence this holiday season. Walmart, Target and Kohl’s, for example, are all beefing up their toy catalogs to get a bigger piece of the nation’s $3.3 billion toy market. Walmart is boosting its in-store toy merchandise by 30 percent and online toy merchandise by 40 percent. Furthermore, it’s also hosting about 2,000 events to promote the new products. Target is expanding its toy collection, too, nearly doubling the category vs. last year. It has expanded its toy sections and remodeled 100 stores to account for an increase in toy shoppers this season.
more at source: https://www.mytotalretail.com/article/amazon-to-mail-holiday-toy-catalog-for-first-time/