Posts Tagged: "National Retail Federation"

Some states have decided that they can’t wait for a federal response on the collection of online sales tax, prompting them to enact their own measures. In Utah, where less than one percent of taxpayers actually pay the use tax they owe the state for Internet retail transactions, some state lawmakers have collaborated on crafting a bill that would give the state more power in collecting sales tax from online retailers, with or without a physical presence within the state. In South Carolina, January 1st of this year brought about the end of a tax break offered to Amazon for building a distribution center in that state. The collection of sales tax from Amazon sales to South Carolina consumers is expected to bring in about $13.8 million in additional tax revenue through 2016, according to projected revenues released by South Carolina’s tax department. The distribution centers built by Amazon serve as the physical in-state nexus which requires it to collect sales tax from South Carolina consumers.

As bleak as the picture looked for brick-and-mortar retail, it was much brighter for e-commerce and online retail, which saw their best day ever. According to global analytics firm comScore, 2015’s Cyber Monday saw $2.28 billion in online spending from desktop computer users, the heaviest day of online spending ever recorded and an increase of 12 percent over last year’s Cyber Monday results. When including sales from mobile device consumers, Cyber Monday sales surpassed $3.1 billion.

Retailers always top the list of seasonal and holiday hiring sprees but one of the largest employer of seasonal workers the past few years doesn’t own a single brick-and-mortar retail establishment. That would be e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) of Seattle, WA. In 2014, the Internet retailer announced that it would hire 80,000 seasonal workers during last year’s holiday season. In 2015, Amazon has upped that number to 100,000 workers that it plans to employ on at least a temporary basis. This makes Amazon the single largest employer of seasonal workers during 2015, ahead of United Parcel Service, Inc. (NYSE:UPS) and its 95,000 holiday hires.