By and and and  on November 2, 2012

Three days after Hurricane Sandy devastated much of New York, New Jersey and Connecticut, there were some things for the retail industry to be thankful for.

Progress reopening stores and malls that were knocked out by Sandy continued Thursday, and only minimal damage to commercial property was reported in most areas in the path of the storm. Retail analysts predicted that business losses, while difficult to estimate at this point, could have been worse had the storm hit later in the week or closer to Thanksgiving. Many malls that were up and running became havens for people without power at home and in need of food, heat and electricity to charge up their cell phones. In addition, several retail and mall companies revealed donations for relief efforts to communities where they operate.

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