Survey: VAT Increase Would Cut Consumer Spending


A Value-Added Tax being mulled in Washington has retailers worried. A survey says shoppers will cut spending if it’s enacted.

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Layaway Attracts Shoppers

More shoppers are using layaway to make purchases, according to a survey conducted by Sears Holdings. Of consumers surveyed, 73 percent said that, “They believe using layaway more often is a smart financial solution that can help them better manage their spending.” Susan Ehrlich, president of financial services at Sears Holdings, was more specific. “Kmart’s […]

Convenience Gains On Price

Many consumers are again opting to save time in lieu of money, according to, “The Checkout,” a new study from marketing firms, The Integer Group and M/A/R/C. The research found that by mid year, 28 percent of shoppers describe themselves as, “preferring to spend more if it saves them time.” This compares with just 23 […]