Gobbling Up Sales: The Economic Impact Of Thanksgiving And The Start Of Holiday Shopping
Press ReleasesThanksgiving for most people often invokes images of family gatherings, turkey, and football. But for retailers, it invokes images of large crowds of shoppers and dollar signs. Thanksgiving, Black Friday, and Cyber Monday are cash cows for businesses, particularly the retail and food industries. Those days are also important for Florida, as the state will collect a six percent sales and use tax on most of the goods purchased by shoppers, except for most grocery items.
