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Amazon Tells Lawmakers It Supports Sales Tax

Amazon.com Inc. “strongly supports” federal legislation permitting states to collect state sales tax from Internet retailers, so long as few companies are permitted to duck the requirements, an Amazon executive said at a congressional hearing Wednesday.

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Study: Shopping on the Tablet Proves Popular

The tablet is gaining in popularity as the platform of choice according to a recent survey of online shoppers. Online retailers, meanwhile, are still in the early stages of deciding how best to customize the tablet shopping experience.

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Luxe Lowdown: Tony Sites Begin to Invite Buyer Reviews

More than a decade after book and electronics retailers embraced online customer reviews, the most elite stores in the U.S. are opening their websites—and the brands they sell—to the slings and arrows of public opinion. At the end of the month, Saks.com, the online arm of Saks Fifth Avenue, will unveil a five-star review system where customers can express their opinions on products ranging from $1,700 Jimmy Choo bags to $7 Kiehl’s lip balm.

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Blame the Rich for Poor Online Sales

Sales for online retailers during the holiday season appear to have declined slightly from 2007, a calamity in an industry accustomed to growth of 20 percent or more. And it looks as though one group was keeping a tighter grip on its wallets than others: the wealthy.

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Blue Nile: Will They Miss Q4?

Crazy recession. It’s gotten so that people have cut back on buying diamonds for the last few months–enough to put the near future of online diamond retailer Blue Nile in jeopardy. Jewelry retailers in general had a “horrid” October and November and expect an even worse December–some couples are even postponing their engagements because of job insecurity and economic uncertainty.

Online Spending Two Sizes Too Small?

With the econalypse still playing havoc with global finances, holiday shoppers are behaving pretty much as you’d imagine. They’re spending less–presumably, saving up for that awful rainy day when discretionary income is better spent holding onto their homes than on another Wii game under the Christmas tree.