Effect on retail sales from Hurricane Sandy: 1) For supermarket companies and home improvement...
Monday, October 29, 2012, 7:57 AM ETEffect on retail sales from Hurricane Sandy: 1) For supermarket companies and home improvement stores, analysis is clouded by a comparable from last year that includes big sales in front of an East Coast storm. 2) Though analysts see an extra boost at places where consumers prep for the storm, they warn many of these stores will run out of inventory quickly or simply pull sales from November. 3) According to Citi's Oliver Chen, mall-based retailers - including American Eagle Outfitters (AEO), Limited Brands (LTD), and Urban Outfitters (URBN) - could be the hardest hit. 4) Operators such as Domino's (DPZ) and Papa John's (PZZA) are tipped to see a sustained boost in demand.
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