February 28, 2017

TAX WHAT YOU DON'T WANT:

Soda companies, supermarkets report 30-50 pct. sales drop from soda tax (Julia Terruso, 2/21/17, Philly News)

Two months into the city's sweetened-beverage tax, supermarkets and distributors are reporting a 30 percent to 50 percent drop in beverage sales and are planning for layoffs.

One of the city's largest distributors says it will cut 20 percent of its workforce in March, and an owner of six ShopRite stores in Philadelphia says he expects to shed 300 workers this spring.

"People are seeing sales decline larger than anything they've seen up to this point in the city," said Alex Baloga, vice president of external relations at the Pennsylvania Food Merchants Association.

Posted by at February 28, 2017 9:41 AM

  

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