Shop Talk
Retailers, consumers and prices
Check Out Line: Snow’s impact in the eye of beholder
Check out the the bad and the good of the severe weather last month.
In the bad camp are restaurant chains Ruby Tuesday and Burger King, which both blamed the bad weather for keeping diners away.
Squarely in the good camp was sporting goods retailer Dick’s Sporting Goods, which posted a better-than-expected quarterly profit on strong demand for cold weather gear.
Last week, U.S. retailers posted their best monthly sales performance in February since just before the recession started in 2007 as fewer discounts helped them weather record-setting snow.
Also in the basket:
Kroger profit shrinks, but beats Wall Street
Duane Reade quarterly net loss widens
Jones Soda agrees to be bought by Reeds
Retail Stocks Reach New Highs (WWD, subscription required)
(Reuters photo: Employees of a New York restaurant shovel snow in February)
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