Quotations
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Michael Niemira Quotes
«Retail overall is still fighting the same war, which is the economy. The bigger hurdle for retailers is June, where the comparisons get even tougher overall at 5.1 percent growth at this time last year.»
Author: 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,»
Author: Michael Niemira
«The cool start to the season has been a problem for retail sales, ... but escalating energy prices are something that both consumers and retailers have to incur. »
Author: Michael Niemira
«Heavy rainfall in the Northeast on the Memorial Day weekend, in particular, helped to drive people to the malls and stores, in lieu of outdoor activities,»
Author: Michael Niemira
«That means that we may see non-auto sales pick up and get a rotation away from auto sales as the incentives taper off.»
Author: 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.»
Author: Michael Niemira
«For the March/April period, industry sales are likely to [show year-to-year growth of] around 1.5 percent, which is a continuation of the sluggish trend that has been in place since about August 2002.»
Author: Michael Niemira
«If we use 2 percentage points for the overall expected effect from the calendar shift, that's still a pretty weak reading, a 1.9 percent trend. That's not strong at all. I guess what you can say is it's certainly consistent with the sluggish pace we've seen.»
Author: Michael Niemira
«The bottom line is, the [holiday sales] performance is likely to be the weakest on record.»
Author: Michael Niemira
«These trends give some confidence that the first quarter will be tough for retailers. Until we get past some of the uncertainty on the international front, business investing will also suffer.»
Author: Michael Niemira