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U.S. retailers2 hope to recoup sales that were lost due to heavy snowfall that has paralyzed much of the eastern portion of the country for the past three days.
Michael Bowman | Washington 21 December 2009
Photo: AP
Woman and her children shop at Target store in North Attleboro, Massachusetts, 20 Dec 2009
A massive storm that dumped about a half-meter of snow from Virginia to Maine did more than frustrate3 motorists. It added to the woes4 of retailers that were already bracing5 for weak holiday sales as the United States struggles to emerge from the deepest and longest recession of the post-World War II era.
The storm's timing6 could hardly have been worse, blanketing the most-populous regions of the United States on the last weekend before Christmas, when millions of Americans are preparing to exchange gifts.
"To have the biggest [shopping] weekend of the year wiped out in almost half the country by wicked winter weather and record blizzards7 is really going to hurt sales and operating profits, and it is really going to hurt government revenue," says retail1 analyst8 Burt Flickinger of the Strategic Resource Group.
Even before the storm, the National Retail Federation9 was predicting a one percent drop in U.S. holiday sales compared to last year. Although an economic recovery is believed to be underway, U.S. unemployment remains10 stubbornly high and consumers appear more focused on saving and debt reduction than spending.
Again, retail analyst Burt Flickinger, speaking on Bloomberg Television.
"People are more cash and credit-constrained than at any other time in U.S. history," he noted11. "So they are only buying for children and immediate12 family members. Just for need, not for want."
To combat sales losses, many retailers are extending store hours in the few remaining days before Christmas. While traditional stores clearly lost revenue in recent days, other businesses may actually profit from inclement13 weather.
Many online retailers saw a jump in orders, as shoppers unable to leave their homes turned to their computers to make purchases. And grocery stores and supermarkets also saw a jump in business ahead of the storm, as people scrambled14 to buy food and supplies.
"The grocery stores had a surge in business," Flickinger said. "They were up 100 percent [in sales] per day for two days in a row before the storm."
Consumer spending accounts for more than two-thirds of U.S. economic activity.
1 retail | |
v./n.零售;adv.以零售价格 | |
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2 retailers | |
零售商,零售店( retailer的名词复数 ) | |
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3 frustrate | |
v.使失望;使沮丧;使厌烦 | |
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4 woes | |
困境( woe的名词复数 ); 悲伤; 我好苦哇; 某人就要倒霉 | |
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5 bracing | |
adj.令人振奋的 | |
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6 timing | |
n.时间安排,时间选择 | |
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7 blizzards | |
暴风雪( blizzard的名词复数 ); 暴风雪似的一阵,大量(或大批) | |
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8 analyst | |
n.分析家,化验员;心理分析学家 | |
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9 federation | |
n.同盟,联邦,联合,联盟,联合会 | |
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10 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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11 noted | |
adj.著名的,知名的 | |
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12 immediate | |
adj.立即的;直接的,最接近的;紧靠的 | |
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13 inclement | |
adj.严酷的,严厉的,恶劣的 | |
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14 scrambled | |
v.快速爬行( scramble的过去式和过去分词 );攀登;争夺;(军事飞机)紧急起飞 | |
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