Using GRATs In A Down Market

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…

Retailers Support Transition to Data-Rich Barcode

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)…

Coronavirus Stresses Grocers and Delivery Services

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…

Employers Grapple With Coronavirus Uncertainty

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…

Important message from Ohio Governor Mike DeWine

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…

CDC Issues Coronavirus Guidance for Businesses

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…

Under Siege: Cybercriminals Target C-Stores

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…

Wawa Ups Its Dinner Game

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…