Unseasonably Warm Weather Costs Retailers Hundreds of Millions

Warm weather in the Northeast of the country has affected retailers selling winter goods.
Unseasonably Warm Weather Costs Retailers Hundreds of Millions
Not Just Mink Inc., owner George Sideris in his shop in Manhattan on Dec. 24, 2015. Benjamin Chasteen/Epoch Times
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NEW YORK—American consumers are reaching out for T-shirts instead of sweaters this holiday season due to the unseasonably warmer weather.

The United States has experienced upside-down weather patterns, with above-average temperatures in the Northeast, tornadoes in the South, and powerful snowstorms in the West.

New York has recently experienced fluctuating temperatures between the high-50s and mid-60s and is expected to be in the mid-60s on Christmas day.

The unusual weather pattern is changing American consumer-spending behavior, with people purchasing fewer warm-weather goods this year. Winter-specialty retailers are bearing the brunt.

I was going to buy some sweaters today and more jackets, but I changed my mind.
Richard Verdoni