Tuesday, April 17, 2018

Consumers Shy From Spending, Despite Tax Cuts

NREI Online

Consumers aren’t running out to the mall in droves with their tax-refund dollars. In fact, it doesn’t seem that tax reform will put much money in apparel retailers cash registers at all -- at least not from shoppers.

It was food and entertainment/technology which were the most likely categories to benefit from a pay check boost, according to the latest BDO Consumer Beat Survey, Natalie Kotlyar, national leader of BDO’s Retail & Consumer Products practice, said in a phone interview.. . . more