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The Best in Alternative News

Gap Joins U.S. Retail Rally as Quarterly Sales Top $4 Billion…

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Despite growing concerns over fallout from the Trump administration’s trade barriers, Gap Inc. on Thursday joined other retailers in reporting profit growth for the most recent three-month earnings period. Revenue at the San Francisco-based apparel chain grew 7.5 percent to $4.09 billion for the quarter that ended on June 30. Net income rose 6.6 percent […]

KABOOM!: Supreme Court Rules That States Can Require Collection of Online Sales Taxes…

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The Supreme Court ruled Thursday that states can require out-of-state online retailers to collect sales taxes, reversing a previous high court decision that limited collections to stores with a physical presence and paving the way to more online sales taxes nationwide. In a 5-4 decision written by Anthony Kennedy, the court ruled that that physical […]

Walmart Closes 63 Sam’s Clubs After Announcing Bonuses Attributed to Tax Cuts…

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Walmart is shuttering 63 Sam’s Club stores around the country, an announcement that came shortly after the company said it would be rewarding its employees with up to $1,000 in bonuses because of the new tax cuts that were just signed into law. Some of the stores were closed Thursday, including several in the Houston […]

Whole Foods Shareholders Vote in Favor of Amazon Takeover…

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Whole Foods shareholders approved Amazon’s takeover of the grocery chain on Wednesday. The vote was a pivotal step forward in the behemoth online retailer’s move to gain firmer footing in the multibillion dollar grocery space. Amazon and Whole Foods have both said they want the $13.7 billion deal to be completed by…

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