Monday, November 20, 2017

Stores seek holiday rebound

SLUMPING SALES: Retail advocates say crowds like these at the CambridgeSide Galeria in Cambridge can get a boost if the state cuts its sales tax from its present rate of 6.25 percent.Massachusetts retailers expect to see a holiday rebound this year after a slowdown in consumer spending and continued shift to mobile sales took an unexpected bite out of their November and December sales in 2016.

The Retailers Association of Massachusetts is forecasting a 3.1 percent increase in holiday purchases, based on a survey of its 4,000 primarily small-business, brick-and-mortar members that points to stable consumer confidence and year-to-date sales in the low 3 percent range. The holiday sales season in Massachusetts starts in earnest at stores on the day after Thanksgiving, referred to as “Black Friday.”. . . more

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