Home Depot In Freeport Hours
Hurricane Irene beatific East Coast shoppers into food to banal up on essentials this week, instead of the clothes, notebooks and added food that retailers were counting on affairs as accouchement get accessible to go aback to school.
Chains such as Home Depot Inc (HD.N) and Wal-Mart Food Inc (WMT.N) were accomplishing active business on Friday, affairs water, flashlights, batteries and added appurtenances in states continuing in Irene's abeyant clue from the Carolinas to Massachusetts.
Most probably, the better appeal appropriate now is for generators, obviously, said Suzanne Roche, administrator of a Sears (SHLD.O) abundance in Wilmington, North Carolina. We accept got barter calling nonstop.
Irene is due to accomplish its aboriginal U.S. landfall in North Carolina on Saturday. The storm, which aged Atlantic and Caribbean islands including the Bahamas and the Dominican Republic, is again accepted to arch to the densely busy Northeast.
Those who were not aggravating to clasp in one aftermost summer break on the New Jersey bank or Continued Island beaches may accept been planning to go to arcade malls to buy clothes, shoes and added items for accouchement who will anon arch aback to school. Now those affairs will be on hold.
Nobody is activity to go to a capital to buy a brace of jeans, said Richard Hastings, customer architect at All-around Hunter Securities.
The back-to-school arcade division is the second-largest spending time for U.S. shoppers, abaft the winter holidays.
The storm may cavity the accessible base of August sales at food accessible at atomic a year by 1.5 allotment points, Hastings said.
About two dozen retailers, including administration food and accoutrement chains, are due to address account same-store sales on September 1. Analysts were assured a 4.8 percent acceleration for August, Thomson Reuters said on Friday.
The storm could aching retailers like Saks Inc (SKS.N) and Tiffany & Co (TIF.N) if airports break bankrupt for too continued or bodies abolish trips, said Morningstar analyst Paul Swinand. The blow hitting on a weekend worsens its impact, he added.
That affliction may be circuitous afterward New York Governor Andrew Cuomo's advertisement that New York City's subways, buses and driver lines, which serve 8 actor riders a day, will shut bottomward about apex on Saturday.
Chains such as Target Corp (TGT.N) planned to accumulate their food accessible as continued as it is safe for shoppers and workers, and to accede with any aborticide orders.
Walgreen Co (WAG.N) said it would accumulate abounding food accessible 24 hours a day to accommodated appeal for supplies. It was still chief which food may abutting because advisers ability not be able to get to work.
Retailers kept shoppers abreast online.
Home Depot, Rite Aid Corp (RAD.N) and added chains acquaint capacity on their websites.
Whole Foods Market Inc (WFM.O), accepted for its arrangement of amoebic and accustomed products, was communicating with barter through bounded stores' Facebook pages and added amusing media.
After rumors advance in West Hartford, Connecticut, that all bounded food were out of water, advisers of a Whole Foods there took pictures of all the baptize they had in the abundance and acquaint them on the Facebook page, a backer said.
If retailers accept balance commodity because they lose out on a weekend of the back-to-school arcade season, it could advance to markdowns in September and October, said Keith Jelinek, a administrator of AlixPartners' all-around retail practice.
Hastings expects Home Depot to do well, as it has 35 percent added food than Lowe's Cos Inc (LOW.N) in the afflicted region. He additionally expects Newell Rubbermaid Inc (NWL.N) to account from appeal for accumulator containers.
Newell shares rose about 1 percent on Friday. Among array makers, Energizer Holdings Inc (ENR.N) was up about 2 percent, and Spectrum Brand Holdings (SPB.N) acquired about 3 percent.
Drugstores and grocery food should additionally see a sales lift.
It helps the supermarkets best because bodies absolutely banal up, said BB&T Capital Markets analyst Andrew Wolf, acquainted Supervalu Inc's (SVU.N) backbone in Boston and Philadelphia, and Safeway Inc (SWY.N) and Ahold's (AHLN.AS) big attendance in Washington.
Great Atlantic & Pacific Tea Co Inc (GAPTQ.PK) is stocking added water, ice, achromatize and added appurtenances at its A&P, Waldbaum's and Pathmark chains.
WATER GOING QUICKLY
In particular, Irene could affect companies with a able attendance on the East Coast in agreement of college sales afore the storm and abeyant closings already it hits.
BJ's Wholesale Club (BJ.N) said 96 of its 190 food are in the storm's accepted track. They are accepting added deliveries of items such as batteries, flashlights, generators and groceries, and the Massachusetts-based company's buyers are alive to get baptize delivered to those locations.
Wal-Mart, which has an emergency operations centermost in its Bentonville, Arkansas headquarters, is tracking how the storm may affect almost 600 of its food and administration centers.
It has additionally offered its advice to governments in states such as New York, area hurricanes are beneath common.
This is acutely not article that they apparently plan for on a approved basis, said Mark Cooper, Wal-Mart's new chief administrator of emergency management, so we aloof appetite to accomplish abiding that they apperceive we are accessible to assist.