snow storm east coast
Dec. 18 (Bloomberg) — TJX Cos., Kohl’s Corp. and other strip shopping-center retailers may be hurt the last weekend before Christmas if an East Coast snowstorm prompts consumers to stay home and buy more online, Stifel Nicolaus & Co. said.
Companies with popular Web sites, such as Urban Outfitters Inc. and J.Crew Group Inc., may counter sales declines at their stores with higher online revenue, Richard Jaffe, a Stifel analyst in New York, wrote today in a note. Internet sales probably won’t overcome lower store revenue “during what historically has been the busiest weekend of the year,” he said.
read full article: East Coast Snow Storm May Damp TJX, Kohl’s Sales, Stifel Says
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: Christmas Shopping : East Coast Snow Storm May Damp TJX, Kohl’s Sales, Stifel SaysTags: 2010 burclar, Christmas, Damp TJX, East Coast Snow Storm, East Coast snowstorm, Kohl’s Corp, Kohl’s Sales, online, shopping-center, snow storm, snow storm east coast, Stifel, Stifel Nicolaus, TJX Cos., tumspor, Weather, weather channel
With so many snowed in but not yet finished with xmas shopping – I wonder if online sales will rise? I read that they’re meant to taper off at the last day of free shipping (friday) but perhaps some of these companies will smarten up and extend their free shipping offers for east coast shoppers who are boarded up at home with unfinished shopping lists. http://tictacdo.com/ttd/Survive-a-Winter-Storm – great resource for those on the E.Coast!