Sandy pulls down store sales in November
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Weak sales at leading U.S. retailers in early November dragged down their results for the month as the effects of major Northeast storms offset brisk activity over the long Thanksgiving weekend. Retailers on average reported a 1. 6 percent increase in sales at stores open at least a year, about half the 3. 3 percent rise that analysts had forecast and below a year-earlier gain of 3. 5 percent, according to Thomson Reuters I/B/E/S. Target Corp and Macy's Inc, two of the biggest companies to report monthly sales on Thursday, missed analysts' expectations. Both saw weakness at the beginning of November, when superstorm Sandy and another storm hit the Northeast. "We would probably have seen just blockbuster numbers had it not been for Sandy and the nor'easter, the back-to-back storms in the Northeast," said Alison Paul, U.S. retail and distribution leader and vice chairman for advisory and consulting firm Deloitte.
People:
Sandy
Overall Sentiment: -0.234375
Relevance: 0.776434
Michael Niemira
Overall Sentiment: 0.140727
Relevance: 0.72775
Alison Paul
Overall Sentiment: 0
Relevance: 0.501998
| Sentiment | Quote |
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| 0 | "We would probably have seen just blockbuster numbers had it not been for Sandy and the nor'easter, the back-to-back storms in the Northeast," said Alison Paul, ... |
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Additional Info:
FinancialMarketIndex: S&P 500 index
Overall Sentiment: 0
Relevance: 0.558517
FinancialMarketIndex: Standard & Poor
Overall Sentiment: 0.0300067
Relevance: 0.489189
Region: Northeast
Overall Sentiment: -0.0442668
Relevance: 0.846308
Country: U.S.
Overall Sentiment: -0.0614973
Relevance: 0.734477
Continent: Asia
Overall Sentiment: 0
Relevance: 0.486198
Organization: International Council of Shopping Centers
Overall Sentiment: -0.154031
Relevance: 0.682369
Organization: National Retail Federation
Overall Sentiment: 0.104653
Relevance: 0.66106
Company: Thomson Reuters
Overall Sentiment: 0.102858
Relevance: 0.665818
Company: Target Corp
Overall Sentiment: 0.0907146
Relevance: 0.628055
Company: Kohl's Corp
Overall Sentiment: 0.0631424
Relevance: 0.595109
Company: Tiffany & Co
Overall Sentiment: -0.0604245
Relevance: 0.591141
Company: Wal-Mart Stores Inc
Overall Sentiment: 0
Relevance: 0.553472
Company: Macy's Inc
Overall Sentiment: 0.110633
Relevance: 0.538995
Company: Tiffany
Overall Sentiment: 0
Relevance: 0.538942
Company: Sears Holdings Corp
Overall Sentiment: 0
Relevance: 0.516854
Company: Deloitte
Overall Sentiment: 0
Relevance: 0.483252
Company: Toys R Us
Overall Sentiment: 0
Relevance: 0.47932
Company: Kmart
Overall Sentiment: 0
Relevance: 0.475813
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