A tax rebate this year that President Bush recently approved would put between $600 and $1,200 in the hands of most taxpayers. And according to this article, many retail executives seem to think that this money will potentially end up in their stores."Wal-Mart and Circuit City are putting together strategies to draw in customers for what retailers say will be a bigger payoff than Valentine's Day and Mother's Day," the article says. Mike Ullman, the chairman at J. C. Penney, says stores "would obviously compete vigorously" for shares of this money.However, other reports say that most Americans will pay bills or save these funds. And at least one blog is encouraging consumers not to spend their money at Wal-Mart and other chains.What is the most likely scenario? Will debt-heavy consumers try to use their checks to ease that weight, or are those flat-screen televisions too alluring? What are you spending your rebate on?

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.