We watch trends to share them with our members and help them capture orders. Forbes shares 35 helpful e-commerce statistics and we picked out a few highlights for you below:
Key Statistics:
20.1% of retail purchases are expected to take place online in 2024.
By 2027, 23% of retail purchases are expected to take place online.
E-commerce sales are expected to grow 8.8% in 2024.
52% of online shoppers report shopping internationally.
I saw this Instagram post from official Mark Levine and thought, “How much are the Amazon lobbyists paying our officials?” NYC continually over taxes our indie businesses and fines them—but we’ll build six marinas for Amazon? (Mark said three marinas, but it’s actually six marinas.) The main culprits behind this: Mayor Adams and the Economic Development Corporation (EDC). Amazon is one of the richest companies in the world. Jeff Bezos, the founder,...
Read More
How Amazon privatizes public spaces for its own profit
February 14, 2024
This is a daily sight on 8th St. in the East Village of New York City, a spot historically chockablock with indie, brick-and-mortar shops. This is an Amazon truck and freelancers who have taken over the street (it’s a no standing zone) and sidewalk as their own. This is one way Amazon sells things for less: it turns public streets and sidewalks into its “warehouses” and “stores.” Imagine you’re a local business with a roof and rent. You can’t compete ...
Read More
Amazon and third-party delivery services have setup a “warehouse” outside the Astor Place USPS office. This is not a truck parking for five minutes. This a day-long, everyday occurrence. I’ve seen this same scene on a daily basis all around the city for the last three years.
This hurts local retailers. While the local businesses pay extra taxes to operate a store in southern Manhattan, it costs Amazon much less to park a delivery truck (permanently?), put ...
Read More
I see this situation all over the city. Amazon shipping companies are “warehousing” our public space. They put up cones and are permanently setup and conducting business. They use public space for private commercial use.
They’re like a pop-up store in a public parking spot. But unlike a physical store that is in a private building and pays commercial storefront taxes, these trucks don’t pay those retailer taxes. (Each year businesses in lower ...
Read More
How technology hurts the entertainment industry just like Amazon hurts the retail industry.
August 1, 2023
Over the last three decades, Hollywood and many that rely on the entertainment industry have embraced ordering goods over Amazon.com. Recap: Amazon is a technology company that often cuts costs by replacing humans with code and robots and bypasses local red tape like, um, taxes and labor rules. Hollywood writers, producers, and ticket goers embraced a technology company that made their lives easier but often at the cost of others (aka retail workers).
How pre-populating information saves clients time and speeds them along a process.
June 30, 2023
Each April, I scramble to send my tax information to my accountant so I can file my taxes before April 15. Since my friends confide that they do the same, there are likely millions of people like us racing to prepare our taxes. What if there was a way to avoid this painful rush—and even the cost of it? The WSJ shares that Japan, New Zealand, and much of Europe get such relief. The countries prepare tax returns for their citizens using existing data, and the citizen just needs to review it,...
Read More
What we can learn about a company through its mission statement.
June 30, 2023
This past week, I read a mission statement from The Knot's corporate website (https://www.theknotww.com/). The statement included a paragraph and five principles. The paragraph describes what the parent company does. The statement says:
"We help couples around the world navigate and enjoy life’s biggest moments together. As a global company, our industry-leading websites, top-ranked mobile apps, and trusted resources provide the most sought-after information, connections, and ...
Read More
Work With the Nation's Leading Brands and Indie Shops to Support Main Street
Shop Local is a fast-growing e-commerce and gift registry platform providing services to leading independent retailers and premium brands. Based in New York, NY, Shop Local is seeking candidates to support the existing software and build out new services that will change the retail industry.
Shop Local has an opening for an entry level web developer to update the existing code base and write new applications. We are...
Read More
An East Village Artist’s Death Prompts a Reflection on the State of Indie Retailers Today
…….
While thumbing through the Times, I noticed a smiling young woman’s picture in the obituaries. In the black and white photograph, she's standing on a fire escape with a historic building and a bridge in the distance. I was initially attracted to Ronni Solbert’s 1959 picture, yet I was even more drawn in by what I noticed next to her photo: a children&...
Read More
The EU has passed a law that will affect Amazon and other big tech companies. The law will likely make it harder for Amazon to promote its own private label products on its website at the expense of others.
While this is welcome news to many, this is a small victory as Amazon’s ambitions are grand as well as its ability to outpace laws. For the first 25 years of the Internet, Amazon, founded in 1994, rode on the rails of the government being too slow to enforce online tax ...
Read More
If someone has an American flag flying on their porch and Amazon boxes often at their doorstep, maybe they should take the flag down and put up a Chinese flag. Amazon appears to be profiting by cutting out much our domestic retail community and instead helping Chinese businesses. And don’t expect Amazon to pay much in local taxes either.
This past weekend’s WSJ shares how third-party sellers, many of them from China, have flooded Amazon with spurious listings, leaving ...
Read More
Some people like to sit on the sofa and eat Ben & Jerry’s ice cream. I roll my eyes at this because I’m very different: I like to read the Wall St. Journal’s Christopher Mims …while eating an entire pint of Ben & Jerry’s on the sofa. This past weekend, Mr. Mims suggested companies may be reassessing where they source products, some even considering more domestic production. The motivation for this started a few years ago with the U.S.-China trade war, ...
Read More
Jeff Lawson, CEO of Twilio, a software company valued at $28 billion, was recently interviewed in the Wall St. Journal. When he shared who his advisors are, I was surprised to see Danny Meyer, the restaurant kingpin who owns Shake Shack (another publicly-traded company). Mr. Lawson read Mr. Meyer’s book “Setting the Table” and was impressed to learn about the difference between service and hospitality. Service is the delivery of the technical aspects of ...
Read More
Today’s Times shares that Amazon Prime members often spend twice as much compared to those that aren’t members. This led to me ponder: What if a first step to reducing Amazon’s monopolies is just canceling a $119/year ‘membership’? Prime may be Amazon’s strength—as well as its achilles. If we can find a way to undermine it, I believe one can save money and our communities.
Business leader Scott Galloway said this past week on his podcast Pivot that "complexity is a tax on the poor." I'd expand on that and posit that: complexity is a tax on indie businesses.
What if indie businesses could reduce the complexity and costs of running an online business? I believe we can. Bridge is reducing the costs of running an online business for more than a thousand businesses.
How do we reduce the 'tax'? Bridge often helps a retailer set up an online store ...
Read More
Good news for indie stores: Florida will require out-of-state sellers shipping to the state to charge tax. Taxes are a big deal in Florida: since Florida has no income tax, it has a notable state sales tax (6%, compared with New York’s 4%), with Florida municipalities adding up to another 1.5%. The incentive to buy online from out of state 'saved' the Florida buyer about 7.5%.
Now, this Florida law will level the playing field and remove the incentive to dodge taxes as everyone ...
Read More
Using your Bridge, you can easily see how much tax you've collected on 2020 orders.
On the Tax Collection page, you can set a date range and view taxes collected. This makes it easier to do your 2020 taxes.
How to visit your Tax page:
1. On your Bridge account, at the very top, click on “Management.”
2. On the Management home page, under “Order Reporting,” please click on “Tax Collection.”
3. On the Tax Collection page, in the date range area, please ...
Read More
Alec MacGillis shares in the Times how online shopping and Amazon in particular are wrecking havoc on retail.
Highlights:
Nationwide, 9,800 stores shuttered in 2019, among them 220 Sears stores.
Analysts predict that brick-and-mortar store closures could reach 25,000 by year’s end.
J.C. Penney, Neiman Marcus and J. Crew filed for bankruptcy, Macy’s furloughed nearly all of its 125,000 workers for months, and countless independent businesses have closed for good.
FOR RETAILERS
Please join us for our new Bridge 101 webinar. We designed this training for new members. Existing members that want a refresher may also join us.
I'll take you through the Bridge platform and administrative settings.
I'll teach you how to:
Set up your Bridge Store.
Add products.
Add brands.
Setup taxes and shipping settings.
Navigate the important features needed to get your Bridge account up and running.