Blizzard Slows After Holiday Shopping by a Cool Billion

The  blizzard in the U.S. Northeast this weekend resulted in an estimated day after Christmas loss in sales of $1 billion, according to research firm ShopperTrak.

The money not spent because of the blizzard is likely to find its way into the economy in coming days or weeks, but it is likely to be somewhat of a drag on sales number for the week.