Gold: Sandy’s Economic Impact on Shopping
Sandy Impact on Restaurants
Of course, there are businesses that will see an uptick in sales.
Certainly home centers such as The Home Depot, Lowe's, and ACE Hardware have already experienced a huge increase in traffic over the past week as consumers have come in looking for items such as generators, flashlights, batteries, plywood, and pumps.
Sandy Impact on Home Improvement & Food Stocks
As many people are anticipating the possibility of being housebound, there is a surge of traffic into grocery and dollar stores as people stock up on staples and canned foods, water, and bagged ice.
Gas stations and convenience stores also see a huge increase in activity, while broadline retailers and Warehouse Clubs such as Wal-Mart, Target, Costco, Sam's Club, and BJ's also see a surge by providing opportunities for "one-stop shopping" for all these items. BJ's is likely to see an above normal impact because over 50% of their clubs are in the path of Sandy.