Sandy's Impact Visible In Sales Data; Some Effects May Be Longer
Sober Look | Nov 07, 2012 01:27AM ET
Store sales in the US dipped on a YoY basis last week as we see the first effects of Hurricane Sandy on high frequency economic data. The effect is expected to be temporary however.
The Ledger : The economic effects of Hurricane Sandy are reverberating beyond areas hit by the storm as businesses warn customers of delays, try to get merchandise out of closed ports and face canceled orders.
In addition to shutting down shipping terminals and submerging warehouses, the storm also tangled up deliveries because of downed power lines, closed roads and scarce gasoline in parts of New York and New Jersey.
The supply chain is backing up at a crucial time, just as retailers normally bring their final shipments into stores for the holiday shopping season, which retailers depend on for annual profitability And unfortunately those who live on the East Coast are looking at another storm - a Nor'easter that may bring snow tomorrow - that could further delay the ongoing recovery efforts (see video).
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