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blizzard posts

Blizzard Hits Retailers Hard

Posted Dec 29th 2010 5:30PM by Michael Fowlkes (RSS feed)
Filed under: Products and Services, Consumer Experience, Market Matters, Economic Data

2010 blizzard cost retailers $1 billion Over the past week, people in the Northeast have been dealing with the after math of the blizzard that struck over the holiday weekend, but even worse hit are retailers that lost out on huge post-Christmas holiday shopping as people were forced to stay at home.

While it is impossible to put an exact number on just how much retailers lost out on, ShopperTrak, who tracks sales and customer traffic at over 70,000 stores and malls, estimated that retailers lost around $1 billion during the blizzard.

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Is U.S.'s Political Climate Preventing Even Snow Removal?

Posted Feb 10th 2010 7:00PM by Joseph Lazzaro (RSS feed)
Filed under: Politics

Washington Post (WPO) Business Columnist Steven Pearlstein says the nation's current political climate is not only jeopardizing our ability to tackle national problems, it's also preventing progress on such basic issues as snow removal.

Like many residents of the metropolitan Washington area, Pearlstein is grappling with back-to-back blizzards/heavy snow storms that have dumped more than 30 inches of snow on our nation's capital in a week. Washington, which has now received 54.9 inches of snow this year, broke its all-time record for most inches of snow in a year, 54.4 inches, which was set in the winter of 1898-99 (a winter that, incidentally, few of us remember).

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Snowstorm Bad for Retailers; Online Retailers to Benefit?

Posted Dec 21st 2009 9:40AM by Mark Fightmaster (RSS feed)
Filed under: Amazon.com (AMZN), Target Corp. (TGT)

Here, in Cincinnati, we have about an inch of snow on the ground this morning. However, the East Coast is getting hammered and officials have advised residents to stay inside. With 20 inches of snow falling from the sky and piling up, not only are residents of the East Coast feeling the pinch, but it is possible retailers do as well. If denizens of the coast pay attention to the warnings, it could put a major crimp in last-minute Christmas shopping.

Retailer Target (TGT) has announced that it will open an hour earlier and remain open until midnight in Virginia, Maryland, D.C., New Jersey, Delaware, and Connecticut (along with some stores in Pennsylvania, New York, and Massachusetts) beginning today through Wednesday. The retailer announced this plan in order to give its patrons "more opportunity to make all their holiday purchases."

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