By
with contributions from WWD Staff
 on October 30, 2012

Retailers escaped serious property damage from Hurricane Sandy, but many in the mid-Atlantic and Northeast remained operationally paralyzed Tuesday due to power outages and transportation shutdowns that could go on for days, if not into next week.

Executives expressed relief that employees were safe, but said it would only be after all stores returned to normal hours that they could make reasonable assessments on business losses. While expecting the toll to be huge, they said it would have been worse had the situation occurred closer to a weekend or closer to Thanksgiving. But consumers could alter their holiday spending budgets, with more immediate needs suddenly arising from the storm.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus