AM Prep-Cyber Corner
IN THE NEWS: iPHONE APPS CASE HITS SUPREME COURT
WASHINGTON (AP) — Apple used to advertise that there was “an app for that” when it first began rolling out its mobile devices. Now there is also a lawsuit for those apps — and it has made it as far as the U.S. Supreme Court. The high court will hear arguments today in a case in which Apple is looking to spike an antitrust lawsuit that would force the iPhone maker to cut the 30-percent commission it charges software developers whose apps are sold through its App Store. If the justices go against Apple, the company could be forced to triple the compensation due consumers under antitrust law. Apple contends it doesn’t own the apps or sell them. But the suit claims Apple controls the process, including a requirement that prices for apps end in .99 — and that they’re sold only through Apple’s own App Store.
IN THE NEWS: SUPREME COURT AND ONLINE SHOPPING
WASHINGTON (AP) — Many people doing their holiday shopping online will likely notice something on their receipts they are used to seeing only on purchases made at traditional brick-and-mortar stores: sales tax. Back in June, the Supreme Court gave states power to force more companies to collect sales tax on online purchases. And the states have followed through — with more than two dozen now requiring sales taxes on online purchases. The old rule was that companies with a large physical presence could charge sales taxes when people buy on the internet. But now states can force out-of-state sellers to collect tax if they are doing a lot of business in the state, even if they don’t have a physical presence.
ON THE WEB: LORD & TAYLOR’S NYC LOCATION ON 5TH AVENUE CLOSING
CYBERSPACE (AP) — For many people over the decades, one of the top spots to check out holiday decorations in New York City has been the huge sidewalk window displays at Lord & Taylor. But these days, the most prominent signs at the store are those gaudy black and yellow liquidation sales banners. The chain is closing its flagship store on Fifth Avenue in January. There’s one last sale taking place now through the end of the holiday season. After that, the 11-story building that takes up a full city block will be occupied by WeWork, a workplace leasing company. Forty other Lord & Taylors will remain open.
Lord & Taylor site: http://www.lordandtaylor.com
IN STORES: HOLIDAY SHOPPING
PROVIDENCE, R.I. (AP) — You know how it seems that these days, Halloween shopping morphs into Thanksgiving and then Christmas shopping? The same thing seems to be happening when it comes to Thanksgiving, Black Friday and Cyber Monday. These days, it’s hard to tell which day is which when it comes to how people shop. Instead of people queuing up in the wee hours of the morning to score Black Friday deals, a growing number of shoppers opt to go online, buy stuff — and pick up their bargains in the store or have them delivered. With the melding of online shopping and in-store pickups, it will be interesting to see what Cyber Monday retail numbers will look like. Adobe Analytics reported over the weekend that there was a record $6.22 billion spent online Friday — a 24-percent rise over last year.
by Oscar Wells Gabriel II
Follow Oscar Wells Gabriel II on Twitter at https://twitter.com/OWGabriel2