Philadelphia’s six-week-old tax on sweetened beverages is already taking a toll on drink distributors and grocers, with some reporting sales drops of as much as 50 percent. “In 30 years of business, there’s never been a circumstance in which we’ve ever had a sales decline of any significant amount,” said Jeff Brown, chief executive officer of Brown’s Super Stores. “I would describe the impact as nothing less than devastating.”
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Bloomberg
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