Higher minimum wages “worsen the financial health of small businesses,” researchers said By NACS Online // December 18, 2019 CAMBRIDGE, Mass.—A study from the National Bureau of Economic Research found that higher minimum wages adversely impacted small businesses, the Wall Street Journal reports. “As the federal minimum wage rose from 1989-2013, small businesses in affected states suffered…
By: Randall A. Denha, J.D., LL.M.* As the end of the year approaches, we are often swept up in the holiday rush and push aside our personal and financial planning to a later date. Moves you make between now and the end of the year can have a significant effect on how much tax you…
Visa, Mastercard reject delay request; Conexxus webinars to help fuel retailers ready upgrades. By NACS Online // December 04, 2019 ALEXANDRIA, Va.—For fuel retailers, the deadline for readying automated fuel dispensers (AFDs) to be EMV-payment compliant is less than a year away, and Conexxus research shows that many businesses lag behind in making the move. Although the…
‘Number of questions regarding CBD’s safety and there are real risks that need to be considered,’ official says as pot stocks fall in after-hours trading By Max A. Cherney, Market Watch // December 2, 2019 The U.S. Food and Drug Administration updated its stance on CBD late Monday, saying that the cannabis derivative may have the potential to…
Visa, Mastercard reject delay request; Conexxus webinars to help fuel retailers ready upgrades By NACS Online // December 04, 2019 ALEXANDRIA, Va.—For fuel retailers, the deadline for readying automated fuel dispensers (AFDs) to be EMV-payment compliant is less than a year away, and Conexxus research shows that many businesses lag behind in making the move.…
By Food Marketing Institute We wanted to make sure you saw that FMI has just released a CBD guide for the food retail industry. The guide includes best practices for food retailers and product suppliers regarding the marketing and sale of CBD products. FMI understands that significant consumer interest in CBD, or cannabidiol, has resulted in many…
By The Shelby Report // November 15, 2019 Two-thirds of shoppers have increased their spending on fresh foods over the past two years, with more than 60 percent of consumers spending up to 30 percent of their average monthly grocery budget on this category, according to the Deloitte “Future of Fresh” survey released November 13th. KEY…
By: Randall A. Denha, J.D., LL.M.* When a family business owner’s goal is to ultimately pass ownership of the business on to the next generation, business succession planning and the owner’s estate planning are inextricably linked. The most difficult issues and decisions presented in the family business succession planning context often relate to business control…
Prime members will receive free, two-hour grocery delivery from Amazon Fresh. By NACS Online // October 30, 2019 SEATTLE—Amazon Prime members will enjoy free, two-hour grocery delivery from Amazon Fresh, Grocery Dive reports. The retailer currently allows Prime members to receive free, two-hour delivery from Whole Foods stores. Prime members formerly had to pay $14.99 a month…
Board also said to be discussing leadership changes By Greg Lindenberg // CSP Daily News // Oct. 29, 2019 Marathon Petroleum Corp. is preparing to spin off its retail gas-station and convenience-store network and considering changes to its executive leadership to satisfy activist shareholders, sources familiar with the matter told The Wall Street Journal. Marathon Petroleum’s board is discussing…