As part of a tax relief measure by Mayor Mike Bloomberg, shoppers will not be taxed by the city for purchases of clothing or shoes.
With over three months away from Christmas, SensibleGiftIdeas.com is advising shoppers to look for great deals right now. Merchants understand that a no-tax policy will drive up the short term demand for shoes and clothing but would then taper off until Christmas season rolls around. This increased demand will cause a drop in prices as merchants will not mind to unload inventory for new products comes Christmas time. Merchants also want to gain customers so that when Christmas does come around, they have even more business from you.
The incentive for shoe store merchants to drive down costs in the short term is strong says SensibleGiftIdeas.com and they advise you to check out their New York City shoe store listings.
