GO
Loading...

Consumer Nation

More

  Monday, 24 May 2010 | 5:32 PM ET

Recalled Sprouts Sold to Wal-Marts in 15 States

Posted By: AP

Alfalfa sprouts recalled because of salmonella poisoning were sold to more than 400 Wal-Mart stores in 15 states.

A spokeswoman for Wal-Mart said Monday the raw sprouts were sold by Caldwell Fresh Foods of Maywood, Calif.

The 15 states where Wal-Mart stores bought the tainted sprouts are Alabama, California, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Missouri, Mississippi, Nebraska, Nevada, Oregon and Wisconsin.

The federal Centers for Disease Control said last week that the sprouts appear to have sickened at least 22 people in 10 states, including a baby in Oregon. Eleven of those sickened were in California.

The sprouts were sold in at least seven other stores in California, including Trader Joe's.

»Read more
  Thursday, 20 May 2010 | 1:17 PM ET

Americans Are Vacation-Bound, but Bargain-Conscious

With the kick-off of the summer travel season only a few days away, it appears that Americans haven't lost their wanderlust, they just plan on satisfying their urge to travel in more thrify ways.

AAA's Memorial Day holiday survey found more Americans plan on hitting the road this Memorial Day weekend, but their travel plans are still focusing on bargain options like spending time with family and friends and driving to their destination.

»Read more
  Wednesday, 19 May 2010 | 9:03 AM ET

Post-Recession Consumer Is a Tougher Sell

What does the post-recession consumer look like?

»Read more
  Tuesday, 18 May 2010 | 6:52 PM ET

Private-Label Consumer Goods Making Mark on Public

Posted By: David Lariviere|Special to CNBC.com

For many generations, the average consumer woke up every morning and reached for their favorite cereal, let's say, Kellogg’sFrosted Flakes.

»Read more
  Tuesday, 18 May 2010 | 1:33 PM ET

Luxury Four Seasons Hotel to Expand in China

Posted By: Krystina Gustafson

The luxury Four Seasons Hotel on Tuesday debuted plans to expand its presence in Asia, where it will open 11 new hotels and resorts, President and COO Kathleen Taylor told CNBC.

»Read more
  Monday, 17 May 2010 | 3:58 PM ET

Worried About Retirement Savings? You're Not Alone

The majority of Americans don't feel very good about the amount of money they are putting away for retirement, according to a recent survey released by TD Ameritrade.

»Read more
  Monday, 17 May 2010 | 1:52 PM ET

Just How Much Is A Facebook Page Worth?

Posted By: Cadie Thompson

How much is your Facebook page worth?

The question has probably never crossed your mind, but marketers have been trying to measure their social media investments in dollar signs for some time, and now they have a tool that may help them do just that, at least to an extent.

»Read more
  Friday, 14 May 2010 | 5:37 PM ET

Sara Lee CEO Barnes Out on Medical Leave

Posted By: CNBC.com

Sara Lee has announced its CEO, Brenda Barnes, will step down immediately for a medical leave, making Marcel Smits, executive vice president and chief financial officer, temporary CEO in her absence.

According to a late Friday press release, James Crown, lead independent director, will serve as chairman of the board. Mark Garvey, a senior vice president with Sara Lee , will assume Smits' former post.

In addition, the company announced that it is forming an Office of the Chairman, pooling Smits and other top executives to "further enhance operational efficiencies."

The company did not disclose further details regarding Barne's medical leave.

»Read more
  Friday, 14 May 2010 | 12:05 PM ET

Is Solution to State Deficits Only a Mouse Click Away?

Posted By: Krystina Gustafson

With a number of states facing swelling budget deficits, what if there was an easy way for them to get billions of dollars in uncollected taxes?

»Read more
  Friday, 14 May 2010 | 11:56 AM ET

States Most In Need of an eCommerce Sales Tax

Posted By: Paul Toscano

An eCommerce Sales Tax Solution?

In the wake of the recession, unprecedented budget gaps are pushing state governments to make difficult reductions in spending - from education cuts and worker furloughs to state-wide "garage sales" - to make up for revenue shortfalls. One point of contention is how cross-border sales taxes are collected. In some states, if a retailer sells merchandise via their website or catalog, but has no physical presence in the state, no sales tax is collected. Recently, the National Conference of State Le
Source: National Conference of State Legislatures || Photo: Jose Luis Pelaez | Photodisc | Getty Images
In the wake of the recession, unprecedented budget gaps are pushing state governments to make difficult reductions in spending - from education cuts and worker furloughs to state-wide "garage sales" - to make up for revenue shortfalls. One point of contention is how cross-border sales taxes are collected. In some states, if a retailer sells merchandise via their website or catalog, but has no physical presence in the state, no sales tax is collected. Recently, the National Conference of State Le

In the wake of the recession, unprecedented budget gaps are pushing state governments to make difficult reductions in spending - from education cuts and worker furloughs to state-wide "garage sales" - to make up for revenue shortfalls.

One point of contention is how cross-border sales taxes are collected. In some states, if a retailer sells merchandise via their website or catalog, but has no physical presence in the state, no sales tax is collected. Recently, the National Conference of State Legislatures (NCSL) conducted a state-by-state analysis that takes a look at which state budgets would be most affected if these taxes were implemented. According to the NCSL, some states could cover significant portions of their budget gaps - even swing into surplus - if they put this tax in place.

However, it is a contentious issue. "The Main Street Fairness Act," which is expected to be proposed in Congress this summer, would require the payment of state sales tax regardless of whether a retailer has a physical presence in that state. The bill faces challenges - including a 1992 Supreme Court ruling and Constitutional concerns regarding the Interstate Commerce Clause - but also carries the possibility of closing a major tax loophole for cash-strapped states. The basic idea is to "level the playing field" for competition between bricks-and-mortar stores, who must collect sales taxes on every purchase, and online retailers like Amazon.com and eBay, who don't necessarily have to. There also exists the potential for cross-state economic conflicts and concerns about whether this type of taxation would go too far.

But in this environment, which states stand to collect the most from a cross-border sales tax, relative to their budget gaps? Click ahead to find out!

By Paul Toscano & Krystina Gustafson
Posted 14 May 2010

»Read more

About Consumer Nation

  • From the products to the pitches to the people who buy them, we are a Consumer Nation. This blog focuses on all things consumer, taking the pulse of the attitudes that shape purchasing decisions, and providing insights that will help keep marketers, entrepreneurs and investors up-to-date on where trends are heading.

 

Retail

Most Popular Video

Tuesday, 15 Apr 2014 | 5:40 PM ET

Jonathan Geller, BGR president and editor-in-chief, weighs in on the specifications for Amazon's newly announced 3-D smartphone.

Thursday, 17 Apr 2014 | 11:00 AM ET

Phil LeBeau has the details on the latest rides at this year's New York Auto Show.

Monday, 14 Apr 2014 | 11:43 AM ET

Dr. Steven Horng, Beth Israel Deaconess Medical Center, explains how Google Glass provided crucial support in an emergency situation and helped save a life.