Storm pulls wet blanket over holiday sales
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The first weekend of holiday shopping went from red-hot to dead white, as a storm that delivered freezing, snowy weather across Colorado kept consumers at home.
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Hurricane Frances threatens to dampen sales, and possibly earnings, for a slew of companies -- from insurers to airlines -- as business activity screeches to a halt only three weeks after Hurricane Charley hit Florida.
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Although all hurricane watches have been cancelled, the weakened storm is expected to drench the U.S. East Coast with heavy rains.
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Thousands of people are beginning the holiday getaway, amid warnings of severe weather across the UK.
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Post-holiday clearance sales and gift-card redemptions boosted January sales at major U.S. retailers, but the harsh winter weather that hit the Northeast and Midwest late in the month capped consumers' spending.
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Some retailers are benefiting from the rash of hurricanes.
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Consumers lured by clearance sales of winter merchandise gave many of the nation's merchants solid sales in January despite heavy snowstorms in the Midwest and Northeast.
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U.S. chain store retail sales fell in the latest week as unseasonable weather caused sales to slow a retail report said on Tuesday.
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A storm that dumped freezing rain and as much as 18 inches of snow on the East Coast snarled post-holiday travel Monday, stranding hundreds of drivers on slick roads and reducing Boston&#39;s Logan Airport to a single, major runway.
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Tighter security restrictions and the   aftermath of Hurricane Ernesto will not stop millions of   Americans from traveling this holiday weekend, a good sign that   demand will stay strong heading into the traditionally weak   autumn season.
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The season's first big wintry storm blustered across the Midwest on Friday and closed in on the Northeast, leaving hundreds of thousands without electricity, stranding airline passengers and burying streets in wet, heavy "heart attack snow."
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A winter storm delivered a White Christmas to parts of the Midwest, causing some traffic accidents and flight delays but no major problems with fewer travelers taking to the roads and sky on Tuesday.
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Motorists are warned the arrival of wet and windy weather could make driving difficult on Christmas Eve.
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Hurricane Frances is expected to be  less costly for insurers than feared, though high winds and  flooding generated billions of dollars in damage in Florida and  brought the state to a virtual standstill during a three-day  holiday weekend.
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September&#39;s furious winds have subsided, but the devastating effects of Hurricanes Frances and Jeanne, which blew ashore in the Treasure Coast just three weeks apart, continue to bedevil home sales, according to a Florida Association of Realtors report
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The High Street is hoping for a busy weekend amid disappointing Christmas sales so far.
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Following a lukewarm shopping weekend, the nation's stores are now focusing their attention on the final week leading to Christmas, as consumers seem to be postponing more of their buying to the last minute compared to a year ago.