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☆ Walmart ramps up efforts to grow third-party marketplace with Las Vegas event, new perks
  + stars: | 2023-08-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +3 min
Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. LAS VEGAS — Walmart is looking for new ways to woo sellers to its third-party marketplace, as it pushes to drive more online sales and close a wide gap with rival Amazon . Walmart also hired another Amazon veteran, Jare' Buckley-Cox, as vice president of Walmart Fulfillment Services. Walmart is the nation's largest retailer, but it lags far behind Amazon in online market share and e-commerce sales. Walmart's annual online sales were less than one-fifth of Amazon's last year, according to Insider Intelligence.
Persons: Doug McMillon, Manish Joneja, Sellers, Jare, Buckley, Cox, John David Rainey, Amazon's Organizations: Walmart, LAS, Amazon, Wednesday, Walmart Marketplace, Joneja, eBay, Intelligence Locations: Chile, North America, U.S
☆ Retailers are shaping a wave of laws to crack down on organized theft — here's how they do it
  + stars: | 2023-08-11 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +13 min
Since 2022, at least nine states – six so far this year – have passed laws to impose harsher penalties for organized retail crime offenses. The new and proposed laws aim to deter brazen retail crime and go after the so-called kingpins who lead organized theft groups. But critics say the measures may not actually reduce organized retail crime, and could disproportionately harm marginalized groups. Plus, dozens of states already have organized theft laws on the books and the crime is still increasing, according to trade associations. Retailers and lawmakers say the misdemeanor charges have emboldened theft groups and allowed organized retail crime to spread.
Persons: Scott Olson, Doug McMillon, shoplifters aren't, Adrian Hemond, It's, they're, Chuck Grassley, Catherine Cortez Masto, CORCA, Cortez Masto, Cortez, Grassley, Sen, Anna Moneymaker, David Johnston, Jake Horowitz, Horowitz, criminologists, JC Hendrickson, Hendrickson, it's, cleaver, Manhattan, Manhattan DA Alvin Bragg, Barry Williams Organizations: CNBC, National Retail Federation, Walmart, U.S . Senate, Grassroots, eBay, Target, Coordination Center, Nevada Democrats, Cheyenne High School, Pew Charitable Trust, Justice Action Network, Walgreens, Manhattan DA, New York Daily, Getty Locations: Chicago , Illinois, U.S, Iowa, North Las Vegas , Nevada, Florida, Manhattan , New York, New
☆ The IRS Grants a Harassment Reprieve
  + stars: | 2022-12-24 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
The Internal Revenue Service isn’t usually a bearer of good news, but on Friday it brought holiday cheer by granting a one-year reprieve from a burdensome reporting mandate that could have ensnared any American who made extra cash selling used goods on eBay . It would have been better if Congress had repealed the mandate. Third-party payment processors such as eBay, Amazon and PayPal previously had to send 1099-Ks only to taxpayers with at least 200 transactions and $20,000 of revenue. Democrats lowered the threshold to $600 in their March 2021 American Rescue Plan Act to catch Americans they claim are cheating on their taxes.
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