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Bed Bath & Beyond decides to Close 20 more stores from other brands

Catherina Ploumidakis

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Bed Bath & Beyond decides to Close 20 more stores from other brands
Image Credit: Flickr

Bed Bath & Beyond has planned to close 40 stores by the end of 2019. The company has planned this in the month of April. But now, the company is planning to close 20 more stores from the other brand.  According to Mary Winston, CEO of the company, the closure will benefit the stores. After the closure, the company’s focus will remain on driving traffic and operating efficiency.

From all the 60 closing stores, forty stores are from Bed Bath & Beyond locations.  However other 20 closing stores are from other brands.  After these closing stores, nearly 1000 remain in the united states.  These 1000 stores do not include the company’s hundreds of world markets, Buy Buy Baby, Cost Plus, and Harmon Stores. However, it’s still unclear which location will close.

A public relations spokesperson, Leah Cascarano said that the company decides this to maintain its physical and digital presence.  She added that the company is prioritizing the want of its customers that would include near term store improvement.

Can Customers still use the coupons?

From the Closure news, the biggest question raised by the customers is “can they still use the coupons?” Sources confirmed that ever-popular Bed Bath 20% off coupons can be used by the customers.

There have been some recent changes in the coupon exclusion list and return policies. Like the time period for the return of items changes from a year to 180 days. However, another update was made for the third party database the protection against excessive, fraudulent or otherwise not permitted returns.

A policy was posted relating to returns states that the return of items may be limited or denied. It will be totally based on the company’s authorization system. So, it’s a reminder that the company can anytime change its policy or close it said Kimberly, the personal finance expert.

Catherina has joined the team as an intern, and she has been working hard to learn things quickly. Now, she handles the Technology and Business columns of the website along with Vicky. She writes the latest US Technology and Business news regularly on the website with accuracy. Since she is the youngest member of the team, she never hesitates to ask for help from other senior team members. That is the reason, she has been learning things quickly, and now she is becoming proficient. Apart from her work, she loves to read books and watch Business and Tech news. She is a fun-loving woman with a graceful personality.

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Business

Earners can expect to have more taxes taken from their earnings in 2020

Catherina Ploumidakis

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Social Security taxes

Payroll Taxes fund Social Security and all earners are subject to pay these taxes up till a specific limit. This limit could change from one year to another to showcase total wage growth. And next year, earners could expect to witness more of Social Security payroll taxes derived from their earnings.

How the Social Security payroll taxes actually work?

The present Social Security rate of tax equals 12.4 percent of your earning, up till the yearly cap. You pay 6.2 percent of that amount yourself if you are a salaried employee while your employer gives the remaining half. You pay the full 12.4 percent tax yourself if you are self-employed.

For the present year, $132,900 is the wage base meant for Social Security tasks. This implies earnings more than the threshold is not subject to a Social Security tax of 12.4 percent. However, the wage base will rise to $137,700 next year, which implies more no. of earners will be losing more money in 2020.

With all this said, workers who earn a minimum of $137,700 will have to pay a Social Security tax of $17,074.80. If you are salaried, you will be liable to pay $8,537.40 and if you are self-employed then you need to pay the complete $17,074.80.

Remember that this wage cap is applicable to just Social Security taxations. You need to pay medicare taxes across all your earnings.

Is it fair to have Social Security taxes?

Remember, Social Security offers max monthly benefits as well which seniors are permitted to collect. Though a person who earns $1mn will have to pay the same Social Security taxes on their income following year as someone who earns $137,00, these two will hold similar wage amounts in their benefits calculations for that year.

As such, the ultrarich won’t receive more during retirement from Social Security than the moderate-income earners. Thus, to make the ultrarich pay extra in the system is not the best or fair solution necessarily.

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Business

Online Wine Sale is Dominating over Retail Store Sale

Catherina Ploumidakis

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Online Wine

Online wine sales are dominating the retail store sale. This signifies that the e-commerce category is growing steadily. These online wine websites help customers in buying wine online. The most famous online wine retailer is wine.com.

According to the Internet Retailer magazine, this online wine retailer is running for the past seven years. It has sales of $56 million in the fiscal year ending March 31st.

Sources revealed that the year 2019 will be the more site-specific, variety focused and online purchasing of wine year. People are showing more interest in the low-alcohol wine option. Hence, Reliance on online wine shopping is showing dominance over the retail store wine shopping.

Here are the best websites to order wine online

  1. Wine To Ship

Wine to Ship is the fastest growing online wine shipping website. It has always a new wine collection from a range of regions around the world. It sells a large variety of wine and spirits, in the United States.

It has a wide range of collection of wines and spirits has made it the first choice. It also offers an expensive selection of quality liquor, select wines, craft beers, and specialty spirits.  Its highly experienced team offers creative suggestions and inputs on whether to choose a wine connoisseur or a weekend warrior.

When the availability like this is just a phone call away, so it is worthless to travel miles just to get them. And this is one of the reasons for the dominance of online wine shopping over Retailers stores.

  1. Wine.com

This online wine website is the nation’s largest wine retailer. Experts suggest it to be one of the best places to order wine online.

It has a variety of search options like great deals, new arrivals, top-rated, price range, or region and varietals. `It has a special section to finer and older vintage wines for specialized shoppers.

Wine.come has over 10,000 wine varieties that are sourced from over 100 appellation and 50 different varietals.

  1. K&L Wines

It is another online wine retailer with a pretty impressive history of wine selling. The business was founded in 1976 in Northern California. It has retail stores in San Francisco, Redwood City, and Hollywood.

On the website home page, you can search for wine by variety, country, sub-region. It also has general red or white wines, spirits and beers. The home page has wine categories like new arrivals, top picks and best sellers highlighted with the price.

  1. Last Bottle

According to Food & Wine Magazine, the Last Bottle online wine shop is counted amongst the top ten online wine shops.  They offer only one wine a day. The wine will ship to you within 2-5 business days. The last bottle provides a 2% cashback on every purchase to its customers.

  1. Bottlerocket

This online wine website is known to be one of the most interesting wine shops around. Founder, Tom Geniesse was very frustrated with the traditional wine shops organized the inventory. On the Bottlerocket homepage, you will find wine organized with paired foods. Like in the “Green” category, you will get biodynamic or organic wines.

The search feature includes red or white wines, new wines. It has a variety of domestic and international wines collection.

Bottlerocket offers the free local delivery for the Manhattan area provided for the order above $150.

  1. Amazon Wine

On this website, you would get more domestic wines than international ones. It has an extensive search menu.

  1. Astor Wines

The website was founded in the year 1946. It is a New York-based online website based on Astor Wine and Spirits. It offers free shipping on your first web order over $99.

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Business

Amazon is coming out with Kindle Edition for Kids

Erin Fox

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Amazon is coming out with Kindle Edition for Kids

For years, Amazon has been offering Kids Edition versions of its Fire Tablets. But now, it is time to acknowledge the Kindle e-readers with Kids Edition. Amazon has introduced Kindle for kids to reduce their screen time- a major concern for parents these days.

The company is aiming to restrict things to readings only to treat the kids with life stories and much more. If you want to see your child switch from TV to Kindle e-reader version then this is the time. This is the first-ever e-reader designed exclusively for children. Over the cost of normal Kindle, the Kids Edition is available with a two-year extended replacement guarantee.

The new Kindle for kids is all about fun reading. Parents will be able to draw FreeTime books content entirely to the Kindle version for children. This feature will enable children to download content without the intervention of parents.

Parents do not have to worry as the e-reading service is free from inappropriate contents. Moreover, it will not cost any extra charges to the parents. Besides, the FreeTime features can be handled by the parents to set bedtime, manage screen time and more.

The multiple kid-centered features available in the device are ubiquitous. For instance, you can set aims such as reading for multiple days at a stretch. To build vocabularies, children will be offered an onboard dictionary that would automatically save words as flashcards and allow kids to go back and review them. Moreover, FreeTime offers 20,000 kid-friendly books, apps and videos.

From now on, parents can place their order for Kindle Kids Edition which is available in 4 distinct case designs. Amazon will begin shipping the device from October 30th. And if you buy two e-readers at a time, Amazon will give away a 25 percent discount on the total price.

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