Some Retailers See Slow Start in 2013

Concerns arose last week that retailers could be in for an even tougher year than expected after a leaked email from a Wal-Mart Stores official described sales in early February as “a total disaster.” The email, sent by Jerry Murray, Wal-Mart’s vice president of finance and logistics, cited higher payroll taxes and slower federal tax returns for contributing to “the worst start to a month I have seen in my 7 years with the company,” according to ...

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Discuss this Article 1

OscarNunez
on Feb 26, 2013

The FICA tax should have been left alone, & it wasn't.
7.65 % should not have been played with. On one hand, we cry over Social Security Funds being alarmingly low moving forward, &, then, we see politicians reduce it for a while, without explanation or reason, then, when it's put back, it is labeled a tax increase.

It is true that due to filing season bring moved back this year until after 1/31 the amount of returns for the first 3 weeks of the season are down.

Our food industry will rebound from this temporary setback; We always do.

Easter is earlier this year, so, expect an earlier rebound.
Best to all, from Hialeah, Greater Miami, Florida.

Best Wishes to our Ranchers and their water supply, + the much needed rainfall.

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