Wyoming Retail Association E-Newsletter                                       June 12, 2019

 

      

Corporate Income Tax Bill Returns

Earlier this year, during the 2019 Wyoming legislative general session, the first corporate income tax in Wyoming’s history was considered. HB 220 the “National Retail Fairness Act” was introduced and it flew through the Wyoming House of Representatives, passing 44-16.  The breakneck pace at which the House passed the bill out of its chambers was slowed significantly when the bill got to the Senate, where it eventually died without a floor hearing.  

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Retailers Continue to Stock up Inventory to Get Ahead of More Tariffs 

 Imports at the nation’s major retail container ports are expected to continue to grow this summer as retailers stock up inventory to get ahead of higher tariffs, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “With a major tariff increase already announced and the possibility that tariffs could be imposed on nearly all goods and inputs from China, retailers are continuing to stock up while they can to protect their customers as much as possible against the price increases that will follow,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. 

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Governor urges ratification of USMCA

Governor Mark Gordon is supporting President Trump’s efforts to get the United States-Mexico-Canada Agreement (USMCA) passed.

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Proud to be a WRA Member- Indoff Business Products

Indoff Business Products has been a proud WRA member since 2017.  Deanna “Dee” Lies runs her territory out of Cheyenne and provides a personal touch to all of her clients.  Whether you need business cards or full office solutions Dee will personally come to your business and offer her consultation and expert advice.  Maintaining a properly stocked office is one of the biggest headaches businesses of any size face. 

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Retail Shrink Tops $50 Billion as Cyber Threats Become More of a Priority 

Theft, fraud and losses from other retail “shrink” totaled $50.6 billion in 2018, up from $46.8 billion the year before as industry security executives said there is a growing overlap between loss prevention and cybersecurity efforts, according to the annual National Retail Security Survey released today by the National Retail Federation and the University of Florida.

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KENO- The Wyoming Lottery is nearing the final planning stages to add KENO to their portfolio of games, and they will move into full development in July. They will not have to borrow or take any loans out to launch KENO, which is a very good thing, but KENO is an expensive game to launch and it requires significant player and retailer education, and the installment of between 130 to 160 new locations. It also includes new background investigations and contracting plus a plethora of other things. 

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www.wyoretail.org

ChrisBrown, Executive Director l 307.634.8816 chris@wyoretail.org
Copyright 2018 Wyoming Retail Association

 

 

 

 


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