Thursday, November 29, 2012

Black Friday sales not enough to offset Sandy's retail damage


Black Friday was no match for Sandy. According to the NY Post report major retailers such as Kohl's, Target and Macy's on Thursday reported weak sales in November as a strong start to the holiday shopping season on the day after Thanksgiving wasn't enough to fully offset a slow start to the month caused by Superstorm Sandy.

The storm stunted enthusiasm among shoppers early in the month just as stores were preparing for the busiest shopping period of the year, a roughly two-month stretch in November through December when they can make up to 40 percent of their annual revenue….

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