A new sentiment survey finds business owners still feel good about present conditions, despite outlooks for slower economic growth and ongoing worries about talent and health care costs.
Shoppers often visit Great Northern Trading Co. to look around and ask about products. Many visitors to the Rockford-based home decor and gift store also pull out their smartphones to compare prices with online retailers.
PLAINFIELD TOWNSHIP — West Michigan’s retail sector continues to attract investment from outside the state amid an active real estate market.
A new report by Lansing-based research firm Public Sector Consultants Inc. determined that Michigan consumers sent $18.5 billion out of state with their growing use of e-commerce. The report, commissioned by the Michigan Retailers Association, was released in conjunction with the debut of the group’s Buy Nearby campaign that aims to educate consumers on the benefits of shopping locally. The PSC report found that if consumers switched just one out of every 10 purchases to a local retailer, Michigan would stand to gain $1.2 billion annually in increased economic activity and 10,600 new jobs in the retail industry, which already employs one in five Michiganders. MRA President and CEO James Hallan spoke with MiBiz about the trade group’s focus on the benefits of shopping locally.
LANSING — The Michigan Retailers Association wanted to offer its members a way to keep good employees in an industry that frequently struggles with high turnover.
A U.S. Supreme Court ruling expected this summer could either clarify or bring further uncertainty to the debate over when states can force online retailers to collect sales taxes.
The local and national retail industry faces many headwinds, but reports of its death have been greatly exaggerated.
The retail industry has been on a wild ride for 2017, both in West Michigan and nationally, as around 5,000 stores reportedly closed up shop. As such, many industry experts believe this year saw e-commerce take its biggest bite out of traditional brick-and-mortar retail. But as retailers gear up for the holiday shopping season, William Hallan with the Lansing-based Michigan Retailers Association contends the broader industry will continue to evolve. Hallan, who projects a strong holiday shopping season this year, spoke with MiBiz regarding his membership’s outlook for the rest of 2017 and beyond.
State revenue from taxes paid by small businesses more than doubled as Michigan’s economy improved coming out of the Great Recession and as the overall business tax burden in the state declined.
Banks and credit card companies think they should be the ones who select the best technologies to combat fraud, not the state Legislature.