TITLE

Overcast Skies Ahead

PUB. DATE
November 2005
SOURCE
Convenience Store News;11/15/2005, Vol. 41 Issue 14, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on the negative impact of Hurricane Katrina on retail trade in the U.S. The economic ripple effect from the hurricanes that hit in the Gulf Coast will reach much wider than the storm's actual wake, judging by the sober assessments of current and future business conditions collected from the industry by the VNU Retail Index. The Index of sentiments about current business conditions among several major retail channels sank to 82.3 in September, its lowest mark since the Index was established in December 2003. Only 46.2 percent of retailers in the September survey rated current business conditions as positive. Interestingly, on a regional basis, the largest percent of negative ratings came from retailers in the Northeast, while those in the South followed in second place. It appears that retailers across the country are bracing themselves for the long-term aftermath of the hurricane, which will be felt in a wide variety of industries.
ACCESSION #
18843971

 

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