It's been a busy news week for watchers of Internet retail. Cyber Monday's results are in, and it proved to be record shattering: a 20.6% increase over 2012 sales, according to IBM Digital Analytics Benchmark.
Ironically, while shoppers were busy clicking on their smartphones, tablets and computers, the US Supreme Court declined to review a New York case involving efforts to compel online retailers to collect sales tax from shoppers in areas where they do not have a physical presence. Instead of having a national precedent, online sales taxes remain a state-by-state issue, unless the controversial Marketplace Fairness Act is passed.
Both topics are likely to be discussed at next week's ICSC New York National Dealmaking conference. But few analysts are looking at the real estate investment implications of growing online sales. One exception is Chris Muoio, senior associate and economist of Auction.com, who notes that ultimately, it all comes back to basics.
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