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This is the pause that refreshes. This is not a doomsday scenario. - Michael Niemira Quotes

This is the pause that refreshes. This is not a doomsday scenario.

Michael Niemira

Our research told us that one-third of holiday shoppers would shop later in the season compared to last years. That certainly affected last week's sales and gave a lift to overall sales. - Michael Niemira Quotes

Our research told us that one-third of holiday shoppers would shop later in the season compared to last years. That certainly affected last week's sales and gave a lift to overall sales.

Michael Niemira

Our research told us that one-third of holiday shoppers would shop later in the season compared to last years. That certainly affected last week's sales and gave a lift to overall sales, - Michael Niemira Quotes

Our research told us that one-third of holiday shoppers would shop later in the season compared to last years. That certainly affected last week's sales and gave a lift to overall sales,

Michael Niemira

[Mix 'n match season for apparel :] Apparel is clearly a mixed bag, ... We have some very good and very weak performers. - Michael Niemira Quotes

[Mix 'n match season for apparel :] Apparel is clearly a mixed bag, ... We have some very good and very weak performers.

Michael Niemira

If there were no sales tax-free holidays, would the situation be any different for consumers? We asked consumers that question in a survey, and 70 percent said a tax-free week didn't affect their shopping. - Michael Niemira Quotes

If there were no sales tax-free holidays, would the situation be any different for consumers? We asked consumers that question in a survey, and 70 percent said a tax-free week didn't affect their shopping.

Michael Niemira

Now there's a shock. It's not just a penny this week and two pennies higher the week before. And the shock comes on top of the cumulative effect of all those pennies over all those weeks. - Michael Niemira Quotes

Now there's a shock. It's not just a penny this week and two pennies higher the week before. And the shock comes on top of the cumulative effect of all those pennies over all those weeks.

Michael Niemira

It was a season that had a lot of uncertainty attached to it. But the economy started to turn up in December, which was helpful. - Michael Niemira Quotes

It was a season that had a lot of uncertainty attached to it. But the economy started to turn up in December, which was helpful.

Michael Niemira

This is a solid gain again for retailers for the second month in a row. - Michael Niemira Quotes

This is a solid gain again for retailers for the second month in a row.

Michael Niemira

Gain

The last-minute rush by consumers may have come too late. I think the season overall was uneven. - Michael Niemira Quotes

The last-minute rush by consumers may have come too late. I think the season overall was uneven.

Michael Niemira

While Black Friday is important to retailers, it's not always the best indicator for consumer shopping patterns during the remainder of the holiday season, which should allow the retail industry to continue feeling optimistic. - Michael Niemira Quotes

While Black Friday is important to retailers, it's not always the best indicator for consumer shopping patterns during the remainder of the holiday season, which should allow the retail industry to continue feeling optimistic.

Michael Niemira

It was an OK year, not a boom, not a bust. - Michael Niemira Quotes

It was an OK year, not a boom, not a bust.

Michael Niemira

Boom

Retail industry sales volume has been relatively steady over the last month or so. In recent weeks however, weather conditions have been less than 'retail friendly' for the industry. - Michael Niemira Quotes

Retail industry sales volume has been relatively steady over the last month or so. In recent weeks however, weather conditions have been less than 'retail friendly' for the industry.

Michael Niemira

Sales

This past week, sales once again reflected the Easter shift and the shifting weather patterns across the country. - Michael Niemira Quotes

This past week, sales once again reflected the Easter shift and the shifting weather patterns across the country.

Michael Niemira

The other thing is that as retailers move into a period of tougher comparisons in the second half of the year, it will be difficult for them to maintain the same pace of sales growth that they've enjoyed in the first half. - Michael Niemira Quotes

The other thing is that as retailers move into a period of tougher comparisons in the second half of the year, it will be difficult for them to maintain the same pace of sales growth that they've enjoyed in the first half.

Michael Niemira

a pause in rate hikes is a more likely scenario rather than a rate cut. - Michael Niemira Quotes

a pause in rate hikes is a more likely scenario rather than a rate cut.

Michael Niemira

Decent growth in income levels is helping to prop consumer spending. Home demand is holding up nicely and there's also spillover effect from that. - Michael Niemira Quotes

Decent growth in income levels is helping to prop consumer spending. Home demand is holding up nicely and there's also spillover effect from that.

Michael Niemira

Yes, the numbers look good, but they should have looked better, ... Beneath the surface, it shows some strain. - Michael Niemira Quotes

Yes, the numbers look good, but they should have looked better, ... Beneath the surface, it shows some strain.

Michael Niemira

It seems clear that the mild pullback in consumer spending over the last week was due in part to the war beginning in the middle of a week, as well as the fact that the effects of the war have been built into the retail trend for the past month or so. - Michael Niemira Quotes

It seems clear that the mild pullback in consumer spending over the last week was due in part to the war beginning in the middle of a week, as well as the fact that the effects of the war have been built into the retail trend for the past month or so.

Michael Niemira

If Katrina was simply a devastation of the area, we could have weathered it, ... Because of these ripple effects, Katrina is having a nationwide impact. - Michael Niemira Quotes

If Katrina was simply a devastation of the area, we could have weathered it, ... Because of these ripple effects, Katrina is having a nationwide impact.

Michael Niemira

You can't sustain an economy driven only by motor vehicle purchases. We're looking for [business spending to rise] in order to be confident about the second leg of the expansion going forth and, with it, the duration of expansion. - Michael Niemira Quotes

You can't sustain an economy driven only by motor vehicle purchases. We're looking for [business spending to rise] in order to be confident about the second leg of the expansion going forth and, with it, the duration of expansion.

Michael Niemira

This past week retail chain store sales recovered nicely as consumers stocked up on consumable goods in preparation of the Super Bowl and continued to take advantage of seasonal clearance items. - Michael Niemira Quotes

This past week retail chain store sales recovered nicely as consumers stocked up on consumable goods in preparation of the Super Bowl and continued to take advantage of seasonal clearance items.

Michael Niemira

Past

The arithmetic works in their favor. Looking at year-over-year comparisons, March last year was among the weakest months where retail sales also suffered because of a late Easter. - Michael Niemira Quotes

The arithmetic works in their favor. Looking at year-over-year comparisons, March last year was among the weakest months where retail sales also suffered because of a late Easter.

Michael Niemira

It looks like that number is tracking at 6.8 percent, slightly higher than what we expected, ... We did expect it would be a lot stronger but sales got pinched at the end of the month because of cooler temperatures in some parts of the country. - Michael Niemira Quotes

It looks like that number is tracking at 6.8 percent, slightly higher than what we expected, ... We did expect it would be a lot stronger but sales got pinched at the end of the month because of cooler temperatures in some parts of the country.

Michael Niemira

Wow, wow, wow. We saw widespread gains across categories last month. Looking at the ex-auto component, the (favorable) comparisons are reaching back all the way to March 2000, prior to the slowdown at the peak of the economic recovery. - Michael Niemira Quotes

Wow, wow, wow. We saw widespread gains across categories last month. Looking at the ex-auto component, the (favorable) comparisons are reaching back all the way to March 2000, prior to the slowdown at the peak of the economic recovery.

Michael Niemira

Wow, wow, wow, ... We saw widespread gains across categories last month. Looking at the ex-auto component, the (favorable) comparisons are reaching back all the way to March 2000, prior to the slowdown at the peak of the economic recovery. - Michael Niemira Quotes

Wow, wow, wow, ... We saw widespread gains across categories last month. Looking at the ex-auto component, the (favorable) comparisons are reaching back all the way to March 2000, prior to the slowdown at the peak of the economic recovery.

Michael Niemira

July was weaker than anticipated but we also got an upward revision in June. So overall, the result was more neutral than negative. - Michael Niemira Quotes

July was weaker than anticipated but we also got an upward revision in June. So overall, the result was more neutral than negative.

Michael Niemira

For instance, temperatures last week in the Northeast were 10 degrees warmer compared to the same period last year. That helped push sales of seasonal merchandise. Is all sales strength due to the weather? That's hard to say. - Michael Niemira Quotes

For instance, temperatures last week in the Northeast were 10 degrees warmer compared to the same period last year. That helped push sales of seasonal merchandise. Is all sales strength due to the weather? That's hard to say.

Michael Niemira

Overall consumption is outpacing income growth, and unless we see improvement in employment, that cannot be sustained. - Michael Niemira Quotes

Overall consumption is outpacing income growth, and unless we see improvement in employment, that cannot be sustained.

Michael Niemira

We've been down this path before when a snowstorm hit the East in the first week of December last year. It was a major headache for the season and the industry never recovered from it, - Michael Niemira Quotes

We've been down this path before when a snowstorm hit the East in the first week of December last year. It was a major headache for the season and the industry never recovered from it,

Michael Niemira

We did see a boost from gas prices, we're also coming off a big surge in building materials. So there were some big swings in some components of the report. But broadly, even excluding the volatile cars component, the gain was 0.7 percent, which is still quite healthy. - Michael Niemira Quotes

We did see a boost from gas prices, we're also coming off a big surge in building materials. So there were some big swings in some components of the report. But broadly, even excluding the volatile cars component, the gain was 0.7 percent, which is still quite healthy.

Michael Niemira

We're not out of the woods on the gasoline front. And we are certainly not out of the woods on the broader energy front. We still have a second wave in the pipeline, which is home heating season expenses. And that comes about the time that the holiday season unfolds, - Michael Niemira Quotes

We're not out of the woods on the gasoline front. And we are certainly not out of the woods on the broader energy front. We still have a second wave in the pipeline, which is home heating season expenses. And that comes about the time that the holiday season unfolds,

Michael Niemira

Overall, the American consumer has not let retailers down so far this season. With December shaping up to finish 6 percent stronger than last year, and November already up nearly 5 percent, we can say that this should be the strongest holiday retail season since 1999. - Michael Niemira Quotes

Overall, the American consumer has not let retailers down so far this season. With December shaping up to finish 6 percent stronger than last year, and November already up nearly 5 percent, we can say that this should be the strongest holiday retail season since 1999.

Michael Niemira

January is a key month to watch. - Michael Niemira Quotes

January is a key month to watch.

Michael Niemira

The message may be that the finish to the holiday season was very good. However, Wal-Mart's monthly sales growth seen together is still on the weak side, - Michael Niemira Quotes

The message may be that the finish to the holiday season was very good. However, Wal-Mart's monthly sales growth seen together is still on the weak side,

Michael Niemira

Increasingly, retailers view this period as 'Phase Two' of the season when fresh merchandise is needed to attract the consumer. - Michael Niemira Quotes

Increasingly, retailers view this period as 'Phase Two' of the season when fresh merchandise is needed to attract the consumer.

Michael Niemira

It seems more and more the temporary pause in spending in March was just a pause. - Michael Niemira Quotes

It seems more and more the temporary pause in spending in March was just a pause.

Michael Niemira

We saw softness in apparel and other seasonal merchandise in the latter part of March, ... While higher gas prices pinched tax refund money, consumers have also indicated that they traveled less to shopping centers. The impact from that aspect may not be huge but it was a factor. - Michael Niemira Quotes

We saw softness in apparel and other seasonal merchandise in the latter part of March, ... While higher gas prices pinched tax refund money, consumers have also indicated that they traveled less to shopping centers. The impact from that aspect may not be huge but it was a factor.

Michael Niemira

Last week's sharp decline in consumer confidence, as measured by the ABC News/Washington Post Consumer Comfort Index, may have been a precursor of this week's spending drop. - Michael Niemira Quotes

Last week's sharp decline in consumer confidence, as measured by the ABC News/Washington Post Consumer Comfort Index, may have been a precursor of this week's spending drop.

Michael Niemira

Electronics was a pocket of strength. The discounting and promotional environment this past season was very much a part of the broader economic picture painted back in the late summer, when we saw rising gasoline prices. - Michael Niemira Quotes

Electronics was a pocket of strength. The discounting and promotional environment this past season was very much a part of the broader economic picture painted back in the late summer, when we saw rising gasoline prices.

Michael Niemira

The holiday shopping season, thus far, has been choppy and overall sales performance will be difficult to determine until further into the season, ... We should get a clearer picture of retail performance following the Saturday before Christmas, which is typically one of the largest retail shopping days of the year. - Michael Niemira Quotes

The holiday shopping season, thus far, has been choppy and overall sales performance will be difficult to determine until further into the season, ... We should get a clearer picture of retail performance following the Saturday before Christmas, which is typically one of the largest retail shopping days of the year.

Michael Niemira

Although Sunday was the weakest day of the Thanksgiving weekend, retailers shouldn't be too alarmed as this is a typical and traditional pattern from previous years. - Michael Niemira Quotes

Although Sunday was the weakest day of the Thanksgiving weekend, retailers shouldn't be too alarmed as this is a typical and traditional pattern from previous years.

Michael Niemira

Our analysis of the leading sales indicator, ex-auto, suggests some slowdown now through the fall. So we could see some up and down results for the next few months. - Michael Niemira Quotes

Our analysis of the leading sales indicator, ex-auto, suggests some slowdown now through the fall. So we could see some up and down results for the next few months.

Michael Niemira

January is not a bellwether month. - Michael Niemira Quotes

January is not a bellwether month.

Michael Niemira

That was the dominant story in May. But you have to put the numbers in context, especially with April having been so strong. - Michael Niemira Quotes

That was the dominant story in May. But you have to put the numbers in context, especially with April having been so strong.

Michael Niemira

We worry about the impact of gasoline and inflation, but it's still nothing more than a worry. The reality is that the consumer continues to spend at a pretty healthy pace. - Michael Niemira Quotes

We worry about the impact of gasoline and inflation, but it's still nothing more than a worry. The reality is that the consumer continues to spend at a pretty healthy pace.

Michael Niemira

All the worries - in terms of housing, interest rates, inflation, energy prices - are clearly at hand. But we haven't seen that worry turn into a dramatic pullback on the part of the consumer. We're seeing a moderately strong pace of sales for now, and that's the good news. - Michael Niemira Quotes

All the worries - in terms of housing, interest rates, inflation, energy prices - are clearly at hand. But we haven't seen that worry turn into a dramatic pullback on the part of the consumer. We're seeing a moderately strong pace of sales for now, and that's the good news.

Michael Niemira

Sales are going the way they did in the last two years, which was after Thanksgiving, things settled down. But we also see, I think, the power of weather on these numbers. - Michael Niemira Quotes

Sales are going the way they did in the last two years, which was after Thanksgiving, things settled down. But we also see, I think, the power of weather on these numbers.

Michael Niemira

This is more than just a weather story. The beginning of the week was OK, but the fall off began on Friday. Sunday was particularly weak. - Michael Niemira Quotes

This is more than just a weather story. The beginning of the week was OK, but the fall off began on Friday. Sunday was particularly weak.

Michael Niemira

My concern is that the luxury market has topped in terms of spending growth after a two-year upturn. - Michael Niemira Quotes

My concern is that the luxury market has topped in terms of spending growth after a two-year upturn.

Michael Niemira

This could be the straw that breaks the consumer's back. - Michael Niemira Quotes

This could be the straw that breaks the consumer's back.

Michael Niemira

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