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N.Y. tax holiday hikes sales

Published on .

January sales results for Federated Department Stores reflect the impact of New York state's one-week elimination of sales taxes on clothing. Federated Chairman Allen Questrom credited half of Federated's 9.4% national January increase in comparable store sales to strong sales at New York stores affected by the week-long tax holiday.

Copyright February 1997, Crain Communications Inc.

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