ohio retailers hope for boost during tax-free weekend

Read Time:4 Minute, 31 Second

ohio retailers hope for boost during tax-free weekend, retailers in Ohio are hoping for a bump in sales. The holiday weekend falls on April 15th this year, and as such, many stores will be offering deep discounts and free items to customers in an attempt to draw them in. This isn’t the first time tax-free weekends have had an impact on retail sales. In fact, last year’s event saw a considerable increase in spending. If you’re looking to invest in some holiday shopping, now is the time to do it. ###

Ohio retailers hope for boost during tax-free weekend

Ohio retailers hope for boost during tax-free weekend

Ohio’s tax-free weekend kicks off on Saturday, and many retailers are hoping that the event will lead to increased customer traffic. “People need to take some time in their lives to shop,” said Angelina Meyers, owner of Angels ‘n’ Stuff Consignment Boutique in Bowling Green. “I think this is a great opportunity to do that.” The shopping event runs from Saturday, November 3 through Sunday, November 4. During this time, shoppers can take advantage of any qualifying purchases made at participating stores and enjoy discounts on select items. Retailers have also created special events and sales just for tax free weekend. Some highlights include a 60% off sale at Precious Memories Boutique in Akron during the entire weekend and 50% off selected department store items at Forever21 in Columbus on Saturday only. “The holidays are coming up, so [tax free weekend] is an opportunity for people to get ahead of the curve,” Meyers added. Tax free weekend isn’t the only opportunity Ohio retailers have to lure customers this holiday season; many are also hosting special events throughout December such as a Christmas parade in Canton on Saturday, December 1st and Santa’s Arrival at Eaton’s Department Store in Cincinnati on Sunday, December 2nd. “Since we open [on] Thanksgiving Day, our busiest day is usually Friday through Sunday,” said Tammy Hughes, spokesperson for Macy’s Old Navy location in Lancaster. “[This year],

What happens during a tax-free weekend

Ohio retailers hope for boost during tax-free weekend

A tax-free weekend is coming up this weekend, and Ohio retailers are hoping for a boost. The Weekend Savings Act allows most people to take advantage of tax breaks on clothing, electronics, and other items. There are some restrictions, but overall the weekend is a good opportunity to save money.

According to the National Retail Federation (NRF), consumers spent an estimated $22.9 billion during federal and state tax-free weekends in 2017. That’s up from $21.7 billion in 2016 and $20.2 billion in 2015. NRF predicts that this year’s total will be even higher, at $23 billion.

The NRF has several tips for saving during tax-free weekends:

1) Plan your shopping ahead of time – know what you need and plan to buy it durably so you can take advantage of the discount without having to worry about it going bad before you can use it;
2) Shop secondhand – many items that are discounted during a tax-free weekend are also discounted because they have been used or abused; 3) Compare prices – check different stores to see if there are any discounts that you might not be aware of; 4) Stock up – make sure you have enough clothes, food, and other essentials so you don’t have to run out during the week; 5) Use coupons – print out or bring along coupons

The effects of the tax-free weekend

Ohio retailers are hoping for a boost during the tax-free weekend, which begins Friday and lasts until Monday. The state has offered tax breaks to businesses for more than 20 years, and this year’s event is expected to be especially lucrative because of the recent increase in the national economy. “A lot of times it really depends on what kind of items people are buying,” said Tanya Dyer, spokeswoman for the Ohio Department of Taxation. “If they’re buying clothes or furniture, then typically those types of items will see a bigger boost.” There is no limit on how much money a business can earn during the weekend, and sales taxes are not assessed on clothing, food or other household items. Dyer said some stores have seen a 50 to 75 percent increase in sales during past tax-free weekends.

Conclusion

Ohio retailers are counting down the days until the state’s biggest shopping event of the year: Ohio’s tax-free weekend. According to a survey by Forbes, 52 percent of consumers plan to shop at brick and mortar stores during this weekend in celebration of buoyant economic conditions. This number is up from 47 percent last year and reflects optimism across all income levels, according to Forbes. Retailers have made contingency plans for the influx of customers, stocking up on inventory and hiring more workers. In fact, some say that tax-free weekend has even become so popular that it now outstrips Black Friday as the busiest shopping day of the year. While many people will undoubtedly head to big box stores like Walmart and Target, small businesses are hoping that they can steal some attention with deals on items like clothing and home goods. So if you’re looking for something special in your local store or want to support your favorite independent retailer, don’t forget about tax-free weekend!