With a number of states facing swelling budget deficits, what if there was an easy way for them to get billions of dollars in uncollected taxes?

There is-in theory at least. That’s why many states are continuing to push Congress to let them collect sales taxes on all online and catalog purchases. A bill is expected to be introduced this summer calling for such a move, though previous efforts have gone nowhere. read more »

High unemployment could slow the retail sector’s recovery, despite the recent improvement in same-store sales, Macy’s Chairman, President and CEO Terry Lundgren said.

“There isn’t really anything that I see that’s happening in our economy that will suggest that there’s going to be big momentum toward job growth,” Lundgren said. read more »