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Report: Snowstorm Cost Retail $1B in Post-Holiday Sales



    Getty Images
    WESTPORT, CONNECTICUT - DECEMBER 27: A town employee clears a sidewalk following a snow storm on December 27, 2010 in Westport, Connecticut. Much of the northeast of the United States is experiencing a major winter storm with blizzard conditions and over a foot of snow expected from Washington, D.C. to New York City. (Photo by Spencer Platt/Getty Images)

    According to analysts at ShopperTrak, the massive snow storm that walloped the Northeast on Sunday kept enough shoppers indoors to put a major dent in post-holiday sales. The good news is, these same analysts seem hopeful that retailers will be able to bounce back, thanks to -- funnily enough -- sales of snow-related wares. Snow boots will save retail! [The Feast]