Dive Summary:
- Following a city-wide look down and a chain of tragic events, the city’s retail district is once again opening its doors to the community of Boston.
- Many areas stores re-opened Saturday evening following the capture of the remaining suspect, however, according to sources, “One exception was Lord & Taylor, located at the finish line and across the street from the second explosion, which remained closed Sunday.”
- “While there is a long road of healing ahead for the city of Boston, today there is a sense of hope in the air as a major chapter of the story concluded on Friday evening,” said Kathleen Ruiz, a Saks Fifth Avenue executive.
From the article:
In the short-term, stores that were forced to close should recoup 90 percent of their lost revenues —with 75 percent of that happening within the first week they return to normal hours, said Adam Rose, coordinator for economics at the National Center for Risk and Economic Analysis of Terrorism Events.