NY, NY, United States (NewsBahn) – Blustery winter weather has left more people indoors and retailers feeling that they have been left out in the cold.
Overall retail sales were down the last three months, while apparel sales fell nearly a percentage point according to a report.
“This is definitely hurting us,” Lexy Funk, CEO of hipster fashion chain Brooklyn Industries, told the NY Post. “Winters are normally tough, but this is worse, with more snow days and much colder weather.”
As the weather improves in March and beyond, some analysts say retail sales could see a boost again.
“[More snow] is not going to help retailers, but it’s not like they can’t recover at some point during the year,” said Jim Rice, senior analyst at retail consultant Creditntell.