With the federal government beginning to catch up on delayed income tax refunds, consumers are likely loosening the purse strings that have choked restaurant sales in January and February, research analysts say. Piper Jaffray analysts issued an industry note this week citing that tax refund activity through March 15 was higher than comparable weeks in the prior year. “We believe retailers serving lower- to middle-income consumers that were weighed down by delayed federal income ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?