Beauty Store Business magazine - January, 2020

tax refunds

Tax Refunds May Be a Boon to Retail Spending in 2015

Sixty-six percent of U.S. consumers expect to receive a tax refund this year, according to a consumer survey sponsored by the International Council of Shopping Centers. These consumers were then asked how they plan to use their refunds. Of the possible options, spending this money on goods and services, including apparel, electronics and convenience items was selected by 47% of consumers.