Retailers blaming Hurricane Sandy for drop in October sales
Is the storm really the reason?
- Duration 2:47
- Date Nov 14, 2012
Is the storm really the reason?
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Isn't this standing retailers are blaming -- -- -- in October by the biggest amounts.
Since June keep in mind sandy hit at the end of October reason why Monica about a says that this is -- to do with the class.
Coming at the end of the year that -- date that could so what -- -- -- -- -- still.
Sandy is taking the easy way out here I think what you are really seeing as a cautious consumer consumer that.
Is not looking to make big ticket item purchases now they're spending on food they're spending on gas remember all those long lines we were seeing on the TV sat.
Right before -- they -- stocking up and even the comments to Commerce Department was the first to say that sandy actually gave a bump to some retailers.
He can -- sandy here I think there's a bigger issue going on here and it's a consumer that's frustrated.
They're not sure what's gonna happen at the end of the Edwards sitting in this data because it's really -- November phenomenon.
-- -- I think you're gonna see more outcome in November of even the Commerce Department is saying it's not all bad news but sandy.
Home -- saw a 360 million dollar whatever the hell gain in future weeks and you gotta replace cars you've got to replace clothing if you lost you know part of your home she'll get back to the clip how was that way.
Well it's the uncertainty it's killing consumers they don't want to spend when they don't know what's going to be happening next year they're not taxes are gonna go up -- if you're wealthy person.
You noticed it was them.
Well it's not just you know how it affects the wealthy it's how it affects corporations and corporation and employees you are we gonna see more layoffs are we gonna see.
People I'm cutting back in different growth areas of business just not spending and developing in United States just because it's not worth their why anymore.
And that filters.
Rights of consumers either boss moment out of not hiring -- -- downsizing and they weren't nearly -- or -- they don't have certainty in their jobs they're certainly not going to be out buying.
You know TDs and refrigerators and all the items that help move the economy along now.
You know markets are not -- a barometer or even an indicator of -- -- -- -- snapshots.
But we had what five snapshot since the election and had not been promise.
Now that could change but there does seem to be a collective sense of angst about what could happen at the end of the year what do you think.
Well I think there's also tanks that nothing really changed all that much with pretty much have the same political makeup that we had before this election.
They were getting a whole lot done that and I think maybe people are a little concerned that they're just not gonna get their act together and we really need them to get -- together -- qualities those.
And I think it's a -- -- I personally think that the consumer is gonna continue to be cautious through the end of the -- even with processed meats and cheeses.
-- arms and perhaps the -- market will see a bump but -- These are my guess okay well -- as long as it's that there.
-- it thank you very much and.