Proper location and the right product mix has given Dollar General just what it needs to appeal to shoppers in rural America. They want smaller sizes than they get at giant big box stores, and the convenience of a store nearby. The Wall Street Journal's Sarah Nassauer notes that as rural America struggles, Dollar General's customer base grows. She writes: Dollar General is expanding because rural America is struggling. With its convenient locations for frugal shoppers, it has become one of the most profitable retailers in the U.S. and a lifeline for lower-income customers bypassed by other … [Read more...]
Archives for December 2017
What does Tax Reform Mean for You? Part I
The Senate passed a historic tax-reform bill in the wee hours of the night on Friday. The tax overhaul slashes the corporate tax rate to 20% from 35%, reduces the rate on pass-through businesses, and simplifies and reduces rates for individuals. That’s the good, there is bad and ugly in the bill as well. To meet arcane Senate and budgetary rules, there were many sacrifices made starting with the expiration of a simplified individual income tax code in 2026. Lawmakers are saying publicly that they expect a future Congress to maintain the reformed tax-code, but with a bill that was passed … [Read more...]
Senate Republicans Pass Tax Reform
After months of immobility, the Senate passed its tax reform bill last week in a flurry of final edits and revisions. The bill is by no means perfect, but it does preserve the 20% corporate tax rate that was previously passed by the House of Representatives. Both houses' bills will now head to conference to be reconciled with one another, and the final bill will come back to be voted on once more by each house. Richard Rubin and Siobhan Hughes write of the bill's passage: The bill would overhaul much of the U.S. tax system in ways that tax experts are only beginning to understand. Mr. … [Read more...]
Can Breakfast at Tiffany’s Get Americans to Shop Brick and Mortar Again?
U.S. retailers are looking hard for anything that can prevent them from going under. Focusing on in-store events and promotions that can't be duplicated online is how many retailers are hoping to fight the e-commerce sales growth that has been gutting brick and mortar stores. The Financial Times' Anna Nicolaou reports on the efforts of retailers to bring in foot traffic: On the fourth floor of the Tiffany flagship store overlooking Central Park, Audrey Hepburn fans can now recreate her famed breakfast for $29. Since opening last month, tourists have flocked to the restaurant, snapping photos … [Read more...]
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