Like most retail in New York, Bergdorf Goodman shuttered its flagship for a couple days.
To our East Coast readership — we hope you’ve all stayed holed up, safe, dry, and reasonably well-entertained. As Hurricane Sandy abates, here’s what’s happening in the retail sector. Unfortunately, but expected, store losses from necessary closures will be high, but post-hurricane estimates at least imply some kind of silver lining:
With stores closed up and down the eastern seaboard, total losses could add up to between $350 and $500 million a day, WWD reports.Read More