This transcript is automatically generated
Spending there market well hang on -- money now because they know they're gonna have to rebuild.
-- Burke -- is president's -- resource group and he as Johnson thank you by the way for your patience as we listen to Governor Cuomo we're all very of course -- agency or yes to say but.
Do you think that because I -- -- -- 800 bucks on a generator I'm not gonna spend -- Christmas -- you're completely correct because you convert from.
It's it's -- saving a home or saving an apartment.
And that money goes away from Christmas -- spending it's going to be a fifty to hundred billion dollar.
-- recent retail and recessionary effect and the US will spill over into Europe and Africa Asia over the next few months next few years.
I never been so -- so.
Interested in supply chain management until the last three days I have to be honest with you how do you think the nation's retailers are doing how do you think the supply -- -- working when Elena shippers.
Everyone has been paralyzed where our way.
We're in a tough spot -- because mr.
Sam Sam Walton went into the Japanese just in time delivery model.
She's got small -- some Wal-Mart with very little supply everybody -- the Wal-Mart model says the stores camp restock the shelves.
The warehouses are for 150 to 300 miles away.
-- shooting Dennis reported you can't flying in commercial freight you can't shipped to the ports.
I yesterday there were thousands of people looking to abide but there are no bags anywhere in Manhattan -- -- and Northern Boulevard in Long Island.
There are thousands of people streaming in and out of Saint Patrick's Cathedral because there were no stores to go to.
And as a result you're senior centers of.
Bottom line got an yourself and they don't that target did that I thought was interesting -- -- -- -- we we all had days and days -- -- as we knew that this was coming.
Chart actually got as many supplies that could into the region at least and tried to -- get ahead of the storm they are the true winner in all honesty than.
Target -- played -- true winner it's going to be wal mart's worst nightmare.
Costs go in the major supermarket chains.
I'll hold Supervalu which has been struggling we're prepared fully stock the -- -- inventory to local to your point Cheryl.
Those who win.
But she said when your president point with the generators -- so many people doing that and saving money.
For home repairs -- money going away from holiday spending.
It's gonna be catastrophic for companies like JC Penney.
I may be this sort of damocles hanging over their head well -- never Oxford generator sorry -- -- I get your presence as you'll ever collect injure thank you very much.