Facing a disastrous holiday shopping season, the retail industry on Tuesday urged President-elect Barack Obama to incorporate three national tax-free shopping holidays in 2009. The group wants the measure to be included in Obama’s stimulus efforts.
National Retail Federation (NRF)wrote a letter to Obama:
The situation is critical. In October, consumer confidence was at its lowest level in the 41 years. We urge you to act quickly on legislation to help stimulate consumer spending as one of the first priorities of your new administration.
The worst is yet to come...and thousands of retail employees will be out of job soon.
National Retail Federation (NRF)wrote a letter to Obama:
The situation is critical. In October, consumer confidence was at its lowest level in the 41 years. We urge you to act quickly on legislation to help stimulate consumer spending as one of the first priorities of your new administration.
The worst is yet to come...and thousands of retail employees will be out of job soon.
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