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Internet retailers get dealt taxing blow
WASHINGTON — Amazon and other online-only retailers have been dealt a major blow, as legislation introduced last week seeks to require such retailers to collect sales tax.
The Main Street Fairness Act would allow states that have adopted the Streamlined Sales and Use Tax Agreement to require out-of-state sellers to collect sales tax whether they have a physical presence in their state or not. The bill would cover all “remote sellers,” which include online retailers, catalog merchants and “1-800” offers on radio and television.
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Sears Holdings names Land's End leader
HOFFMAN ESTATES, Ill. — Sears Holdings announced that Edgar Huber has joined the company as CEO and president of Lands' End. Huber is responsible for driving growth and profit opportunities for Lands' End, as well as continuing to drive the culture that provides customers with the quality, value and service that the brand has long been known for. He was most recently EVP global business development for Liz Claiborne Inc.