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Burt Flickinger, Strategic Resource president, on the impact spending on Hurricane Sandy will have on retail sales this holiday season.
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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.
So.
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.
Shop right.
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.
