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ICSC applauds adoption of Marketplace Fairness Amendment in Senate
New York -- The International Council of Shopping Centers on Friday applauded the adoption of an amendment to the fiscal year 2014 Senate Budget Resolution. The amendment gives states the authority – if they so choose – to require online sellers to collect sales taxes just like brick-and-mortar retailers already do.
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Founder Schulze returns to Best Buy as chairman emeritus
Minneapolis -- Shortly after abandoning buyout possibilities of his former company, Best Buy co-founder and former chairman Richard Schulze announced Monday that he is returning to the retailer as chairman emeritus.
Schulze, who is Best Buy’s largest shareholder, is nominating two former Best Buy executives to join him on the board: former CEO Brad Anderson and former COO Al Lenzmeier.