Blame Katrina Part II

Hurricane Katrina is being blamed for even more earnings shortfalls. It’s not so much the insurance companies that are using the “blame Katrina” excuse, but it’s coming from some unlikely sources. Earlier, Books-A-Million blamed Katrina for its earnings (although the company is based in Alabama and doesn’t have any stores in New Orleans). Now, a mattress company and a cosmetics company are blaming Katrina for their poor earnings.

Posted by on September 20th, 2005 at 10:22 am


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