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Home Centers Score Big On Irene Rush, While Apparel Stores Lose

This news shouldn't surprise anyone. Yes, you do want to look your best for hurricanes, but home-improvement stores selling emergency preparation products and clean-up items are likely to benefit the most from Irene, while apparel retailers and department stores selling non-essential items are likely to take a hit.

Industry analysts say big-box stores, drug stores and supermarkets all experienced pre-Irene sales surges, with the biggest winners being home centers. In fact, pre-and-post storm sales may aid same-store sales at Home Depot and Lowe's each by 1% point in the third quarter, per Stifel, Nicolaus & Co. analyst David Schick.

Read the whole story at Chain Store Age »

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