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The Greater New York region is home to a fleet of talented female entrepreneurs. An exceptionally qualified group of these women were recognized on September 3rd with the announcement of the 2015 Top 25 Leading Women Entrepreneurs via live video stream. This prestigious group of women was selected out of hundreds of impressive nominations based on their strong business acumen and ability to both influence and inspire within their respective industries. Says Linda Wellbrock, founder of Leading Women Entrepreneurs,

The state of New Jersey imposes a 7% sales tax on the purchase of various goods and services with numerous exemptions, such as a purchase for resale. A complementary use tax is imposed upon the use within New Jersey of tangible personal property and upon the receipt of services when such taxable property or service was not subject to the state sales tax.

While the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) continue their vigilant enforcement of the Foreign Corrupt Practices Act (FCPA), it was the 2014 enforcement action against a firearms manufacturer1 and a 2015 indictment of the owner of a small Pennsylvania consulting company2 that have signaled how small and mid-sized companies are […]

The state of New Jersey is required by law to adopt a balanced budget as of June 30 of each year for the upcoming fiscal year that begins July 1. On June 22, 2015, the state legislature announced a $35 billion budget proposal that would fully fund the state’s pension obligations ($3.1 billion), restore the […]

The Internet, innovation in business models, increased competition, and a challenging economy have brought on changes both seismic and subtle. We noted the latest challenges in the apparel industry and considered what other retailers might face similar risks. Grocers seemed particularly vulnerable.

The apparel industry, particularly retailers of apparel for young women, has seen a recent wave of high-profile bankruptcies. In 2014, apparel companies including Dots, Coldwater Creek, Ashley Stewart, Delia’s and Love Culture each filed for bankruptcy. The trend appears to be continuing into 2015. Wet Seal filed in January and Karmaloop filed in March, indicating that apparel retailers continue to find their profitability challenged. In September 2014, American Apparel hired a turnaround expert as managing director after four years of operating losses.