Hurricane Irene

Brentwood, Tenn. -- Tractor Supply Co. reported Wednesday that profit for the third-quarter surged 43% to $42.7 million, compared with $29.9 million in the year-ago period. Revenue rose 18% to $977.8 million, credited partly to a boost in emergency supplies as Hurricane Irene hit the East Coast in August, and surpassing Wall Street’s expected $931.6 million in revenue. Same-store sales rose 11.5%.

Retail same-store sales gained 5.7 percent in September, compared with the previous month which was hurt by Hurricane Irene, Kantar Retail reported. The results are led by stronger-than-average results at food, drug and mass retailers, but apparel and accessory stores and department stores lagged, but posted the most improved growth.

Retailers have played a significant role in the helping shape our nation’s disaster response, relief and preparedness over the last decade. Recent events like Hurricane Irene, the Joplin tornadoes and the earthquake in Japan have offered countless opportunities for retailers to implement their carefully-crafted plans and continue to make changes that will help keep customers, associates and property safe. 

New York City -- Macy’s reported that its same-store sales rose 5% in August, beating estimates. The retailer said sales would have been higher by 1.5% points without the impact of Hurricane Irene. Industry analysts had warned that the storm would impact department stores and specialty retailers the most as consumers focused on buying generators and other emergency and recovery items versus back-to-school and discretionary products. Macy’s said that its sales also were hurt by about 130 Irene-related store closings, But the chain said sales over the past three days have been strong and it expects Irene’s negative effect

New York City -- Despite low consumer confidence, the volatile economy and a hurricane, many retailers reported better-than-expected sales in August. Hurricane Irene appeared to put a dent in the results of some retailers on the East Coast, but the storm did not appear to do as serious damage as some expected. Total retail sales rose 4.4%, just missing the 4.6% rise that Wall Street analysts had expected, according to Thomson Reuters. Of the 19 out of the 25 retailers that Thomson Reuters tracks, 11 beat expectations. The biggest winners include Costco Wholesale Club, with an 11% rise in

Retail same-store sales held steady in August with a 4.9 percent gain as retailers reported mostly solid back-to-school results coupled with decreased sales due to Hurricane Irene.

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