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New Jersey to Tax Internet Sales November 1st

Internet1

the staff of the Ridgewood blog

Trenton NJ, New Jersey has yet another new tax law on the books that will soon require most e-commerce websites to collect sales taxes and send the revenue to Trenton whenever they sell products to Garden State residents and the new tax policy goes into effect next month, just in time for the start of this year’s holiday shopping season.

Continue reading New Jersey to Tax Internet Sales November 1st

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Reader says the retail landscape is forever changed, by building a garage, we are not going to stop or slow the inevitable outcome

Whole Foods installs Amazon E lockers in Ridgewood

How does anyone that has half a brain think that we as Village tax payers should pay for a parking garage in order to prop up the various trinket stores or shops in this town? Online shopping is not going away and will only get bigger. The argument that we need a garage to accommodate shoppers is absolutely incredible. If shop owners in this town think that slumping sales are due to lack of parking near their stores and not due to Amazon and other related online outlets, they are in denial. We all need to come to the realization that the retail landscape is forever changed, by building a garage, we are not going to stop or slow the inevitable outcome. If stores have to close, as unfortunate as that is, it’s reality….hopefully, fixed costs such as rent going down etc will help alleviate the pain of slower sales, but don’t be fooled…there is less foot traffic for retail and it’s only getting worse. I’ve sat here and read all the arguments for a garage, all claiming that no ones coming to Ridgewood to shop because of lack of parking….really? Are we that gullible to believe that? Less people are coming to this village because they can sit at home, go online and get whatever they order in a day or two…FACT.

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Black Friday Sales Jump Powered By Consumer Confidence and Online Sales

suburbs malls

November 26,2017

the staff of the Ridgewood Blog

Paramus NJ, Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers reached for discounts and bought more on their mobile devices.U.S. consumer confidence has been strengthening over this past year, due to a labor market that is churning out jobs, rising home prices and stock markets that are hovering at record highs.

Stores were less crowed but U.S. shoppers spent more than $1.52 billion online by Thanksgiving evening. This accounted for a 16.8 percent year-over-year increase in online spending, by 5 p.m. on Thanksgiving alone.

In combined Thanksgiving and Black Friday sales U.S. retailers raked in a record $7.9 billion in online sales on Black Friday and Thanksgiving, up 17.9 percent from a year ago, according to Adobe Analytics, which measures transactions at the largest 100 U.S. web retailers, on Saturday.

Adobe said Cyber Monday is expected to drive $6.6 billion in internet sales, which would make it the largest U.S. online shopping day in history.

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Amazon’s Growing Power In The U.S. Economy

Amazon Introduces New Tablet At News Conference In New York

Amazon’s Growing Power In The U.S. Economy

Laura Heller ,

CONTRIBUTOR

I write about mass-market retail, how and why we spend

Opinions expressed by Forbes Contributors are their own.

Amazon has a growing role in the U.S. economy that extends far beyond its retail business,according to a new report.

“Behind the packages on the doorstep, and behind the inviting interface and seamless service that has consistently put the company at the top of corporate reputation rankings, Amazon has quietly positioned itself at the center of a growing share of our daily activities and transactions , extending its tentacles across our economy, and with it, our lives,” says the report by the Institute for Local Self-Reliance.

According to ISLR:

Today, half of all U.S. households are subscribed to the membership program Amazon Prime, half of all online shopping searches start directly on Amazon, and Amazon captures nearly one in every two dollars that Americans spend online. Amazon sells more books, toys, and by next year, apparel and consumer electronics than any retailer online or off, and is investing heavily in its grocery business.

As a retailer, its market power now rivals or exceeds that of Walmart, and it stands only to grow: Within five years, one-fifth of the U.S.’s $3.6 trillion retail market will have shifted online, and Amazon is on track to capture two-thirds of that share.

And the numbers grow with every new product and sales event.

Black Friday weekend was Amazon’s best-ever, according to the company.

http://www.forbes.com/sites/lauraheller/2016/11/30/amazons-growing-stranglehold-on-the-us-economy/#7ee15c57193e