NSGA VIEWS CONCENTRATED MARKET POWER AS THREAT TO SMALL, INDEPENDENT BUSINESSES

By Julie PittsNSGA Director of Public Affairs Concentrated power is a formidable threat facing small, independent businesses. The National Sporting Goods Association (NSGA) closely monitors this movement as our mission is to help our members grow their businesses and advocate on their behalf. NSGA participates in advocacy efforts with the Institute for Local Self-Reliance (ILSR), a national research and advocacy organization that strives to provide a healthy … Continued

STILL TIME TO DETERMINE EMPLOYEE RETENTION CREDIT ELIGIBILITY

By James R. Thomas JD, CPA, Principal CliftonLarsonAllen LLP (CLA)  If you have not yet explored your organization’s eligibility for the Employee Retention Credit (ERC) it is not too late!  What is the ERC? The ERC is a fully refundable payroll tax credit for qualified wages that eligible employers pay their employees. Qualified wages include allocable health plan expenses. The ERC … Continued

AMERICAN RESCUE PLAN ACT: KEY POINTS FOR BUSINESSES

DOWNERS GROVE, ILLINOIS (March 15, 2021) – The $1.9 trillion American Rescue Plan Act has beeen signed into law. Here are four key parts of the law: Additional $7 billion approved for Paycheck Protection Program (PPP) funding, but program is not extended beyond March 31, 2021. Does not raise the federal minimum wage, which the House bill would have … Continued

EXISTING COVID EIDL PROGRAM BORROWERS RECEIVE ADDITIONAL DEFERMENT

STARTING IMMEDIATELY, AGENCY EXTENDS ADDITIONAL RELIEF TO SMALL BUSINESSES  WASHINGTON, D.C. (March 15, 2022) – Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), directed the Agency to provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program borrowers for a total of 30 months deferment from inception on all approved … Continued

SMALL BUSINESS RISING STATEMENT ON INVESTIGATION INTO AMAZON

Contact: Jess Del Fiacco, delfiacco@ilsr.org WASHINGTON, D.C. (March 9, 2022) – The following statement was issued by Small Business Rising, a coalition of nearly 30 national and local associations representing over 150,000 small and independent businesses, including the National Sporting Goods Association (NSGA), in response to a letter from Members of the House Judiciary Committee urging the … Continued

RETAILERS HELPED BY PASSAGE OF POSTAL REFORM LEGISLATION

WASHINGTON, D.C. (March 8, 2022) – The National Retail Federation (NRF) welcomed the final passage of the first major postal reform legislation approved by Congress in more than 15 years. The National Sporting Goods Association (NSGA) also supported this legislation. “The U.S. Postal Service has long played a key role in ensuring that retailers can deliver … Continued

NEW NSGA REPORT REVEALS GEN Z SPORTING GOODS SHOPPERS PREFER TO SHOP IN-STORE

By Nick RigitanoNSGA Director of Insights and Analysis DOWNERS GROVE, ILLINOIS (March 1, 2022) – More than three-quarters of Gen Z sporting goods shoppers prefer to purchase sporting goods products in-store rather than online, according to the latest shopper study by the National Sporting Goods Association (NSGA), the Gen Z Shopper Playbook: Insights into the Sporting Goods … Continued

RITCHIE SAYNER: YOUR CUSTOMERS CRAVE AN EMOTIONAL CONNECTION

By Ritchie SaynerAdvanced Retail Strategies Sigmund Freud once said to Marie Bonaparte that “the greatest question that I have not yet been able to answer, despite my 30 years of research into the feminine soul is, ‘What does a woman want?’” Freud went to his grave never getting the answer. You are in the retail … Continued

NEW REPORT HIGHLIGHTS 5 TRENDS FOR SPORTING GOODS INDUSTRY IN 2022

DOWNERS GROVE, ILLINOIS (January 27, 2022) – A recent report released by McKinsey & Company and the World Federation of the Sporting Goods Industry (WFSGI) highlights 5 trends which will shape the sporting goods industry worldwide in 2022. According to McKinsey, none of these trends are new, but in the past year they have become even … Continued

SMALL BUSINESSES ENCOURAGED TO START PREPARING FOR UPCOMING TAX SEASON

WASHINGTON, D.C. (January 24, 2022) – With the opening of the tax season on January 24, Keith Hall, president and CEO of the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-business community, offered the following advice for the American public and the nation’s small business community in filing this year’s … Continued