“Before any snowstorm, the local news puts the fear of God into people, as if it has never snowed in winter before, and that prompts consumers to stock up ahead of the storm, which is good for sales." — CHUCK CERANKOSKY, Northcoast Research
This winter’s harsh weather conditions may be having a negative impact on impulse spending at supermarkets, industry analysts told SN last week — although overall the cold and snow may be a positive force for at-home dining. “Severe winter weather pretty much kills trading up,” Andrew Wolf, managing director for BB&T Capital Markets, Boston, said. “Discretionary spending had been making a recovery in 2013, which resulted in stronger sales. But if bad weather ...
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