Supermarkets Will Reap Tax-Check Gains: Reports

The supermarket industry should see some benefit from the $105 billion economic stimulus tax rebate package, though the impact is likely to vary according to the income level of customers, two separate research reports explained. Goldman Sachs, New York, said consumers intend to spend 25% to 30% of their rebates outright, with the rest going into savings or to pay down debt. Of those who intend to

The supermarket industry should see some benefit from the $105 billion economic stimulus tax rebate package, though the impact is likely to vary according to the income level of customers, two separate research reports explained.

Goldman Sachs, New York, said consumers intend to spend 25% to 30% of their rebates outright, with the rest going into savings or to pay down debt. Of those who intend to spend part of the money, roughly 7% of what they spend — about $2 billion — will go to s

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