Headlines

A Dark Day

Retailers lost heavily during last week's blackout

Published

21 years ago

August 18, 2003

admin1

Retailers lost about $30 million in sales on Thursday, Aug. 14, 2003, as a result of the blackout in the North and Northeast, according to a report by ShopperTrak. Unmeasured residual results were also being felt on Friday, August 15, as most but not all of the power returned to the affected areas.

ShopperTrak, which issues a weekly national retail estimate, based the decline on the average daily rate of sales, from $467 million on Wednesday to $437 million on Thursday.

In New York, 10 Macy's stores, including the 34th Street Herald Square flagship, and two Bloomingdale's, including the 59th Street flagship, were shut down from about 4 p.m. on Thursday until approximately noon on Friday.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design