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Thursday, Oct 24
Retail watch: Late tax refund headaches could hit again
- The IRS will push back the start of the tax filing season by one to two weeks due to the government shutdown.
- The delay could curtail consumer discretionary spending in Q1 and perhaps beyond, according to analysts.
- Last year when refunds were also delayed, several major retailers including Wal-Mart (WMT +0.2%) noted they did not recover as much of the tax refund spending down the road as they forecast.