Hurricane Irene’s retail losers include department stores and apparel retailers
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New York City -- While it may take some to fully assess the damage, the impact of Hurricane Irene on retail sales is likely to split among retail sectors: Home-improvement stores selling emergency preparation products and clean-up items are likely to benefit the most from the storm, while apparel retailers and department stores selling non-essential items are likely to take a hit. Industry analysts noted that big-box stores, dollar stores, drug stores and supermarkets all experienced sales surges prior to Irene’s arrival as consumers shopped for water, batteries and other emergency supplies, with the biggest winners are likely to
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