Survey: Payroll tax rise leads consumers to tighten belts

More than 70% of U.S. consumers said they are spending less after a payroll tax rise has taken a bite out of their take-home pay, according to a survey for NRF from BIGinsight. The higher tax is also contributing to smaller first-quarter profits at Wal-Mart, the retailer said Thursday morning. "We cannot grow the nation's economy until consumers consume," said NRF President and CEO Matthew Shay.

View Full Article in:

Bloomberg Businessweek · CNNMoney · Hill, The · Bloomberg · Women's Wear Daily (subscription required) · Retail's BIG Blog

Published in Briefs:

SmartBrief Job Listings for Retail

Job Title Company Location
Director of Legal Affairs
True Religion Brand Jeans
Vernon, California
Affiliate Marketing Manager
Pier 1 imports
Fort Worth, Texas
Manager, Internal Audit
L Brands
Columbus, Ohio
Sales Manager - Sacramento/San Jose
Pilkington North America
Sacramento, CA
Merchandising Exposure Program (MEP)
Walgreens
Deerfield, Illinois