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Big 5 Sporting Goods Corp. Message Board

  • cynnatalie2000 cynnatalie2000 Mar 3, 2009 3:39 PM Flag

    Schwarzenegger Tax Increase

    With California plunging into a deepening recession, California has passed a giant tax increase.

    The higher taxes will lower retail sales in California. Will the impact cut sales at Big Five by as much as 8% for California stores and will that impact earnings?

    I am not sure, but IMHO, sales at California stores may take a substantial hit.

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