Superstorm Sandy hurt retail sales
Posted on November 14, 2012 at 19:42 PM EST
Superstorm Sandy hurt retail sales ECONOMYStorm hurt retail salesRetail sales fell in October as American consumers pulled back after a three-month shopping spree and Superstorm Sandy slammed into the East Coast, shutting malls and auto showrooms. Companies such as General Motors Co. and Ford Motor Co. said last month's storm-related sales slump will probably reverse as brighter job prospects, rising home prices and sturdier finances boost household confidence. The full report, due out Thursday, will recommend that Congress consider legislation to impose civil liability on the officers and directors of futures brokerages who sign financial statements or authorize transfers from customer segregated accounts. RETAILCoffee company going smallSeattle's Best Coffee, the mid-tier brand owned by Starbucks, is seeking to revive its retail presence by opening drive-through and walk-up-only stores and entering new U.S. markets in a challenge to Dunkin' Donuts.
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