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Effect on retail sales from Hurricane Sandy: 1) For supermarket companies and home improvement...

  • Monday, October 29, 2012, 7:57 AM ET
    Effect 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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    Mother nature is rarely friendly to business! This may be the October surprise and how Obama handles it, may determine the election. Will he get back on the campaign trail or show concern for the east coast? Seems like he's in Florida now. Are they getting hit?
    29 Oct 2012, 08:21 AM Reply Like
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