To: kattracks
I would venture that sales fell by more. People had to buy the tax stamps for all their inventory, and this includes stores that move their inventory slowly, and stores that had a significant drop in sales. For instance, if a store usually sold 100 cartons per month, they might keep 100 cartons in inventory. On July 1, they would have bought 100 of the new stamps. But then if they only sold 20 cartons, they'll still have a big inventory, and only need to buy 20 stamps this month, unless they decide they don't need a big inventory. We have to see what the numbers are for this month or even next month. Evaluating this in the first month is bad statistics.
2 posted on
08/06/2002 4:49:29 AM PDT by
Koblenz
To: Koblenz
Just think of how much money they'd make if they raised the tax to $50 per pack.
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