Hurricane Irene may wash out back-to-school shopping on the retail reporting calendar's final...

Hurricane Irene may wash out back-to-school shopping on the retail reporting calendar's final day - tomorrow - for August sales. MKM Partners sees a "material impact to sales in the affected areas," but certain stores - think HD and LOW - are sure to benefit from the need for emergency supplies.
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Comments (5)
  • Bouchart
    , contributor
    Comments (1131) | Send Message
    They'll buy their pencils and glue some other time. Big deal. I don't get why back-to-school shopping should be a major driver of business anyway.
    26 Aug 2011, 05:37 PM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
    Never fails, always blame the weather.
    26 Aug 2011, 07:37 PM Reply Like
  • spald_fr
    , contributor
    Comments (2814) | Send Message
    Proctor and Gamble declared August 27 National Toilet Paper Day. No kidding. So stock up on the rolls and help the economy.
    27 Aug 2011, 12:02 AM Reply Like
  • rqtect
    , contributor
    Comments (53) | Send Message
    HD will go to the moon on Monday my new price is 45 by Friday
    27 Aug 2011, 08:51 PM Reply Like
  • NickL975
    , contributor
    Comments (46) | Send Message
    No, purchases are just 'shifted' to online and before the storm. Ex. yesterday stores here in the Boston area were packed mostly with these rich college or 'just graduated and live with 3 roomates on a piddly $50,000 a year salary' college grads who are still able to spend thousands upon thousands of dollars (think credit cards and student loan money) on designer clothing & sneakers that run $140 + at Foot Locker & Olympia Sports.
    Don't think that consumer spending is slowing, stalling or dropping --- hardly but similar to the 1995-2007 period of torrid retail sales it is 90% credit card based
    27 Aug 2011, 10:09 PM Reply Like
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