Wednesday, September 9, 2009

Sales Tax Holiday a Hit

The Vermont sales tax holiday was a happy one for many retailers.


Many retailers in the area say their sales tripled during last month's sales tax holiday. WCAX TV reports that the University Mall says it hasn't gotten final sales numbers yet, but many of its retailers reported enthusiastic sales. Several stores at the state's largest shopping mall were up 300 percent. Even clothing and shoe stores, which never have sales tax; and the food court, which was not tax-free, had a good day. Mall marketing manager Jamie Polli said quote -- "Once people are out to buy that one or two items they had in mind that day, they're out to do other stuff. They're in the mall, they're going to eat. The food court was busy, the fashion stores were busy." The Vermont Retailers association says the timing of the sales tax holiday was perfect. Retailers got the dollars for back to school and as the stock market was improving and shoppers had the money to spend.