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Weekend Snowstorm Unlikely to Have Hurt Holiday Sales

The snowstorm that hit the U.S. Northeast and Midwest this past weekend is unlikely to hurt overall holiday sales, analysts say, even as the shorter shopping season makes every day crucial for retailers.The season, which has six fewer days than last year because of a late Thanksgiving, is expected to be the toughest since the financial crisis of 2008, with retailers forced to discount heavily to attract budget-conscious shoppers.Although the cold weather prevented customers from visiting stores on Saturday, demand is expected to pick up later in the week, analysts said."This past weekend, the Northeast was a mess with snow starting on Saturday and continuing into Sunday, perhaps encouraging shoppers to postpone shopping to the coming week, buy more online, or just wait for Super Saturday weekend," Topeka Capital Markets analyst Dorothy Lakner wrote in a note.Super Saturday is the Saturday before Christmas, when many shoppers try to get in their last minute shopping.The massive storm, w...

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  1. Tractor Supply Plans Stock Split

    Tractor Supply (NASDAQ:TSCO) said Thursday it approved its fourth two-for-one stock split since 2002, as the chain of farm and ranch stores has watched its stock mor...

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