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October 5, 2005

All Business: Profits, sales down? Blame it on Katrina

  • The storms really hurt some businesses but they may also be used by others to divert attention from more serious problems.
  • By RACHEL BECK
    AP Business Writer

    NEW YORK — When Hurricane Katrina hit the Gulf Coast, women across the country crimped their cosmetics spending. Or at least that's what companies like Avon Products Inc. and Estee Lauder Co. want investors to think.

    Katrina also caused mattress sales to slide, according to Tempur-Pedic International Inc. Same goes for business at Books-A-Million Inc. stores and Diebold Inc.'s automatic teller machines.


     
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