Did Your Tax Refund Delay Cause Slower Sales for Foot Locker?
Did you get your tax refund on time?
Companies including Procter & Gamble (PG) ,Unilever (UL) and Footlocker (FL) blamed slower consumer spending on delays in the issuance of tax refunds. Under the PATH Act, refunds of filers claimed the earned-income tax credit and additional child tax credit were delayed until February 19. Filers did not receive direct deposits until the end of February. Will Unilever and Foot Locker be the last to throw the IRS under the bus?
READ MORE:
- Foot Locker Gets Shredded and It's Pretty Obvious Why -- Jim Cramer Assesses the Damage
- Even Procter & Gamble Was Whacked by Delayed Tax Refunds
- Unilever, Foot Locker May Not Be the Last to Blame U.S. Tax Refund Delay For Slow U.S. Sales
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This article was written by a staff member of TheStreet.
