Several financial forecasters are predicting Hurricane Irma’s impact could result in a nearly $2 . 8 billion loss for retail. As Florida continues to assess damage from the storm. Spending in discretionary categories such as apparel and accessories could be unlikely to substantially rebound and store closures will yield lost sales.
As the Hurricane season subsides supply chains will be disrupted and could further impact seasonal retail sales. The combined devastation from Hurricane Harvey eight weeks ago and now Irma represents a very large percentage of U.S.A retail, that is impacted.
The 2018 U.S.A. winter preview has also been released from Farmers Almanac.
You can also read the full U.S.A. retail article courtesy of http://www.planalytics.com