By: Randall A. Denha, J.D., LL.M.* Creating a grantor retained annuity trust (commonly referred to as a “GRAT”) is a relatively simple way to transfer property to your children at virtually no gift tax cost. Between the impact of the Coronavirus and wild stock swings in the stock market, a great opportunity to transfer wealth…
Study shows retailers, brand owners are ready to move beyond UPC. By NACS Online // March 09, 2020 EWING, N.J.—A research study from GS1 US, the information standards organization for supply chains, reveals that 82% of retailers and 92% of brand owners support transitioning from the universal product code (UPC) to a data-rich two-dimensional (2D)…
Shoppers seek delivery, pick-up services and non-perishables By NACS On line // March 09, 2020 ALEXANDRIA, Va.—It’s no surprise that the growing number of coronavirus disease 19 (COVID-19) cases is upping the demand for door-to-door delivery and grocery pickup and, in some cases, changing the way those customer services operate. Last week, Instacart announced that…
Review employee leave policies, evaluate travel needs and consider ramping up delivery services. By NACS Online // March 05, 2020 ALEXANDRIA, VA.—While remote work is possible for some American workers, when it comes to retailers, staff must be on-site to run their stores to make sure they remain open to serve their communities. NACS has…
By Doug Kantor* // August 06, 2018 What is the No. 1 attribute you believe successful c-store operators should have? To run a successful business, it helps to be able to see the big picture. Obviously, there are many aspects to that – operations, management, marketing, etc. The piece of the puzzle that I focus…
Following Governor Mike DeWine’s direction, we are asking our employees, employer members, injured workers, and stakeholders across the state to practice proper hygiene and other precautions to avoid potential contact with the yearly influenza as well as the Coronavirus disease (COVID-19). This is about prudent preparation. There are no confirmed cases of the Coronavirus in…
Maintain clean operations, encourage sick staff to stay home and plan for an outbreak. By NACS online // February 27, 2020 ALEXANDRIA, Va.—Amid mounting concerns about the worldwide spread of the COVID-19 virus, the U.S. Centers for Disease Control and Prevention (CDC) has released interim guidance for businesses and employers to plan for and respond…
Understand the vulnerabilities that make the convenience retailing industry a prime target for data attacks By Jerry Soverinsky, NACS online // February 24, 2020 ALEXANDRIA, Va.—Convenience stores are in the news, and for unenviable reasons. A recent spate of data breaches has led to the theft of credit and debit card information from millions of…
As part of an ongoing effort to alert the public about the upcoming deadline for REAL ID, Michigan Secretary of State Jocelyn Benson asked me to once again request your assistance. As you know, this federally mandated requirement for identification means standard state-issued driver’s licenses and identification cards will no longer be accepted for boarding domestic…
The retailer is testing chicken sandwiches and burgers as options for a bigger “dinner platform.” By NACS Online // February 14, 2020 HORSHAM, Pa.—Wawa wants you to come to dinner, and as an enticement, the company is testing chicken sandwiches and burgers as new options on its “dinner platform,” the Philadelphia Business Journal reports. “We…