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Is No Tax Free Weekend Good or Bad?

Steve Sheinkopf  |  August 02, 2016  |  3 Min. Read

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About 5 years ago, I battled the lines and purchased my bed at Jordan's Furniture in Avon during the MA Tax Holiday. The Tax Man would not be filching the 6.25% that day. Have to admit, it felt pretty good. I pictured the tax guy in a green visor, white shirt with a tie, scowling at not being able to collect that money.

However, it was $110 or so dollars. I became less informed with the promotions, which is a mistake. I just happened to need a bed at that moment in time.

Not having a Tax Free Weekend will open better buying opportunities for you later in the year. I will explain in this article.

tax holiday in MA

What Does Tax Free Weekend Mean to Retailers?

Well, speaking for Yale, we will have about two months of transactions in 2 days. The State claims to lose about 20-25 million dollars in lost tax revenue. Of course, some of that is recouped with extra hiring and payroll taxes. We typically pay a ton of overtime.

I think it is smart to keep business in state as much as possible. Tax Free Weekend was a good tactic to help people shop local. However, given the perilous nature of state finances, suspending tax weekend is somewhat understandable. (Knowing why we have high taxes and deficit budgets needs greater understanding).

So When is the Next Good Time to Buy Appliances?

Much of our business is derived from the builder channel, so Yale will only be minimally affected in the aggregate. However, the ramifications of no tax free weekend will seriously hamper many of the appliance manufacturers.

These people budget yearly and are paid by delivering numbers quarterly and yearly. Not having a tax holiday is catastrophic for their 3rd and 4th quarter numbers on top of an already mediocre year.

The Suddenly Promotional Labor Day

I have always said, you should wait to buy till long holidays like President's Day, Memorial Day, Black Friday, and Veteran's Day.

Labor Day and July 4th usually haven't been promotional periods in New England, because we want to enjoy our short period of nice weather. Labor Day has been especially slow on the heels of Tax Weekend. We have not even been open on Labor Day…until this year.

As I write this in July, I would be willing to bet you could see some deals for Labor Day.

So have a nice August and wait (if you can) until Labor Day.

View our appliance buying guide

WHY SHOULD YOU TRUST US?

A few review sites have placed this at the bottom of their articles. So here is our take: Our mission is to find reliable products for you to buy. Other review sites may say this as well.

However, we don’t love every product. Quite frankly, it costs us way too much money in repair costs to support less reliable brands.

In fact, we sell fewer brands than most appliance stores. Here is why:

We feel it is our responsibility to repair your appliances after you buy them.

We now have 30 service technicians, each averaging 8-10 calls a day Monday through Friday, plus another 110 on Saturday. That's over 30,000 service calls logged in one year.

The labor rates of fixing an appliance do not come close to the true cost in any product’s warranty period.

That is why no major retailer has a service department. It costs too much labor, money and time.

Our Blog is a bit different than most others you will read. We cannot write glowing reviews of unreliable products.

Hopefully, the bloggers and organizations who write such glowing product reviews for every brand consider servicing these products first. Only then they will understand the consequences of their marketing.

Steve Sheinkopf

My goal has always been simple: I want Yale to be the best retail experience anywhere. I have tried to create a compelling environment for customers and employees alike.

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Pricing on this blog is for reference only and may include time sensitive rebates. We make every attempt to provide accurate pricing at time of publishing. Please call the stores for most accurate price.

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