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Home Depot, based in Atlanta, would not discuss sales figures on Thursday, but said its stores have been busy as one would expect. About 44 of Home Depot's 2,200 stores were closed on Monday when the storm approached, but by Thursday, only two locations in New York City remained closed. "From a few days before the storm until now we're moving in trucks all the time with products to make sure that stores stay replenished," said spokeswoman Paula Drake. Officials at Macy's, a New York-based chain that generates 8 percent of its annual revenue from its New York City stores, said Thursday that they're hopeful that the retailer will recoup some or most of its lost sales from the storm during the remainder of the fourth quarter. More than 200 Macy's and Bloomingdale's stores were closed for some period of time, ranging from a few days to multiple days as a result of the storm. Macy's said sales increased 4.1 percent in October, up from the 2.9 percent increase Wall Street had expected. And Macy's raised its guidance for revenue at stores opened at least a year for the second half to 4 percent, up from its original estimate of 3.7 percent. "Business was strong in October," said Terry J. Lundgren, chairman, president and chief executive officer of Macy's in a statement. "We are feeling confident about our prospects for the upcoming holiday season ... despite the interruption caused by Hurricane Sandy in the first few days of the fourth quarter."
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