Closed New York City Shops Are Losing $30 Million Per Day Due To Hurricane Sandy

31 October 2012 by

New York's Shops Are Losing $30 Million Per Day Due To Hurricane Sandy

Thanks to the wonders of social media, we've been given an insight into how New Yorkers are keeping their spirits up during Hurricane Sandy, from Alexa Chung wrapping up in a Barbour coat to Patricia Field starting a fashion hashtag. But today, as the 'Frankenstorm' continues to wreak havoc in the Big Apple, news reaches our shores of the hurricane damaging not only buildings but the city's retail business.

NYC-based stores have been closed since Sunday, which, according to WWD, has caused retailers to lose as much as $30 million per day. Whoa. Major department stores including Saks Fifth Avenue, Bergdorf Goodman, Bloomingdale’s, Henri Bendel and Macy’s have all boarded up their flagship stores. Meanwhile, the subway system is unlikely to open for several days, preventing potential shoppers - as well as employees - from getting to those shops that are still open. Yep, the industry really is feeling Sandy's wrath.

What's more, Net-a-porter suspended its same-day delivery service in the city, shipments have been delayed, and high-profile events have been postponed, including the Prabal Gurung for Target launch that was due to take place on Tuesday. US website Fashionista also reports on looting in Brooklyn and Queens.

Closed New York City Shops Are Losing $30 Million Per Day Due To Hurricane Sandy

Now the Frankenstorm is looming over Miami. Savvy Kim Kardashian - wearing a sharp white suit and snakeskin heels - was spotted hitting her local store today to pick up a hoard of basic supplies, including water and err, Snickers - always a hurricane essential. Next stop? Celine.


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