WASHINGTON — The National Retail Federation on Tuesday urged President-elect Barack Obama to support three 10-day sales tax holidays to help stimulate the economy. The move came as the Commerce Department reported that third-quarter gross domestic product fell 0.5 percent.
The NRF suggested in the letter that Obama include the measure in any proposed stimulus legislation. Under the NRF plan, the states would offer sales-tax-free holidays in March, July and October to encourage consumers to spend.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)