What do J.C. Penney, Saks Fifth Avenue and Petsmart have in common?
At first blush, it would seem very little. Penney’s is a mid-line retailer, Saks a high-end name with a fashionista following, and Petsmart, is — well, you know — the place for doggie biscuits and tick dips.
According to the Wall Street Journal the National Retail Federation, the country’s largest trade association representing the retailers, has asked President-elect Barack Obama for three periods of sales tax-free shopping that would last 10 days each in March, July and October 2009. The trade group estimates that it would save consumers about $20 billion, or $175 per family.
The retailers want a stimulus package, too.