Target Corp. is celebrating the opening of eight new stores this summer — including its 320th location in California. The openings are part of the 20 new locations that Target plans to open this year, and also reflect the retailer’s commitment to building more than 300 stores over the next decade. Target is also leaning into larger footprints. Three of the new locations top the chain’s 125,000-sq.-ft. store average.
Target opening eight stores in July and August — here are the locations | Chain Store Age
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Conventional retailers are working with industry groups to overturn a tax break that benefits e-commerce brands. On Monday, the Retail Industry Leaders Association public policy organization called Retail Litigation Center, along with more than 20 retail and wholesale trade associations, filed a document to overturn a rule that the Supreme Court adopted in the pre-Internet era. Specifically, the group hopes to influence the court to reverse special tax breaks given to online retailers. The brief highlights the pending Supreme Court case, South Dakota v. Wayfair, Overstock, and Newegg, which seeks to repeal the law that keeps states from collecting sales tax from online purchases unless those retailers have a physical presence within their state. Click Read More below for additional information.
News Corp announced that it has agreed to an historic multi-year partnership with Google to provide trusted journalism from its news sites around the world in return for significant payments by Google. Among the News Corp publications joining Google News Showcase will be The Wall Street Journal, Barron’s, MarketWatch, and the New York Post; in the UK: The Times and The Sunday Times, and The Sun; and in Australia a range of news platforms, including The Australian, news.com.au, Sky News, and multiple metropolitan and local titles. The landmark three-year agreement also includes the development of a subscription platform, the sharing of ad revenue via Google’s ad technology services, the cultivation of audio journalism and meaningful investments in innovative video journalism by YouTube.
Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2017. Operating cash flow increased 7% to $18.4 billion for the trailing twelve months, compared…