Saturday, December 19, 2009

"Snowmaggedon" for Northeast Retailers

by Bill McBride on 12/19/2009 10:01:00 AM

From the WaPo: For retailers, snow would pile on

Retailers can stop accusing the economy of holding back holiday sales. Now they can blame it on the weather.

The mighty blizzard expected to descend on the Northeast today comes on the last Saturday before Christmas, typically the busiest day of the year for retailers. But with as much as a foot of snow forecast from North Carolina to New Jersey, retailers are worried that their customers will spend the Super Saturday shoveling rather than shopping. One meteorologist predicts that could result in a retail snowmaggedon.
Blame it on the weather!

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