North Carolina’s sales tax holiday won’t return this year, but Concord Mills is responding with a sales event of its own.
The mall will hold a “Better Than Tax Free” sales event July 25-27, offering discounts on apparel, footwear, electronics, backpacks and school supplies. Those items were exempt from sales tax in previous years during the annual sales tax holiday.
Lawmakers last year repealed the back-to-school sales tax holiday, noting that it cost the state more than $13.6 million tax revenue in 2012.
Christie Burris, a spokeswoman for the N.C. Retail Federation, expects retailers will be creative in luring shoppers now that the tax-free weekend is gone. She noted South Carolina still has a sales tax holiday – this year’s is Aug. 1-3.
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“I believe retailers will reach out to their customers and offer in-store sales and special pricing as their customers get ready for the back-to-school shopping season,” Burris said.
According to the National Retail Federation, it is the second-largest shopping season of the year following the winter holidays. The average person with children in grades K-12 will spend $688 on supplies and clothes during this time of the year, the federation estimates.