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Three-day disaster preparedness sales tax holiday begins Friday

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The Florida Retail Federation has issued a reminder that the new disaster preparedness sales-tax holiday begins this week. Right in time for hurricane season, the state will waive sales taxes on purchases of emergency supplies starting at 12:01 p.m. Friday, ending at 11:59 p.m. Sunday. “Thanks to our legislative leaders and Gov. Scott for including the disaster preparedness sales-tax holiday in the budget, especially with Florida coming off of a year with hurricanes, tornadoes and floods,” federation president and CEO R.…

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Graduation spending expected to reach $5.4B in 2017

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Graduation season means big business for Florida businesses. The National Retail Federation estimates total spending is expected to reach $5.6 billion this graduation season, a nearly 4 percent increase over last year when consumers spent $5.4 billion buying gifts for graduates. The 2017 estimate is expected to be the highest amount spent in the 11 years the National Retail Federation and Prosper Insight & Analytics have surveyed consumers about their spending habits for graduates. “Graduation is a significant achievement in…

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Florida retailers expect record breaking Mother’s Day in 2017

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Florida retailers believe moms will get a lot of love this year, as consumers are set to spend record numbers for Mother’s Day in 2017. According to the Florida Retail Federation (FRF), consumers will spend more than ever on gifts for Mother’s Day this year, reaching $23.6 billion. The state’s leading retailer trade association expect a whopping $186.39 per mom on average this year, up from last year’s $172.22 average. “We are extremely encouraged by the record high projections for…

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Florida cities closer to banning the bag

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With last year’s styrofoam ban upheld by a Miami-Dade judge, the city of Coral Gables, south Florida’s “City Beautiful,” is stepping into the eco-regulation fray with another initiative. This time, to “ban the bag.” At a March 14 meeting, the Coral Gables City Council gave initial approval to an ordinance prohibiting plastic bags being used by retailers or at special events – with a few exceptions.  A final vote, which would make the ban official, is expected on May 8. Coral…

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Retailers expect record-setting Easter spending

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A survey conducted by the National Retail Federation is predicting record-setting Easter spending this year with a projected total of $18.4 billion in spending for the Christian holiday. “With Easter falling almost an entire month later than last year, that means warmer weather and more people in the mood to spend money to celebrate,” said Florida Retail Federation President/CEO R. Scott Shalley. “This is great news for Sunshine State retailers, and with more consumers spending more money, we expect stores…

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AIF, Florida Chamber, other business groups join forces to oppose Senate tax proposal

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A bevy of business groups have joined forces in opposition to a Senate proposal to lower the tax commercial rents by eliminating a tax credit benefiting another industry. Eight of the state’s leading business organizations — including Associated Industries of Florida, the Florida Chamber of Commerce, the National Federation of Independent Business, and the Florida United Business Association — sent a letter to Sen. Anitere Flores on Wednesday urging here to “support lowering the sales tax currently charged on all…

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Retail Federation expects record-breaking St. Patrick’s Day spending in 2017

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St. Patrick’s Day revelers won’t be the only one’s seeing green this year according to a survey conducted by the National Retail Federation. The retail trade group estimates those celebrating the Irish holiday will spend $37.92 a piece this year, with total spending expected to top $5.3 billion — a significant jump from last year’s $4.4 billion and good enough for a record. “We continue to see spending on holidays and celebrations reaching or exceeding record highs, which reinforces the…

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