Thursday, November 8, 2012

Hurricane Sandy Affects Retail Sales

New York, New Jersey, and Connecticut were among the states that operated lower than normal retail capacity.  Nearly $4 billion of retail sales--20 percent of the usual total--were knocked off due to Hurricane Sandy.  The region accounts for about 24 percent of retail sales nationwide, as said by MasterCard Advisors' SpendingPulse on Tuesday, November 6, 2012.  Nationwide, retailers usually generate about $78 billion in sales, but for the week affected by Hurricane Sandy, the sales fell short about $4 billion dollars.  The superstorm caused power outages, flooding, and many other problems leading shoppers to stay close to home.

I think it's interesting how powerful the weather is.  It's times like these that makes me remember how extremely small I am in the world.  A superstorm such as Hurricane Sandy has the ability to cause environmental damage (flooding), infrastractural damage, and can cause a loss in sales in the retail world.  Like I've said in a previous post, we are affected by weather so much more than we think we are.  It can affect the types of foods we eat, our decision to travel to certain places, and so much more.

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