Quotations
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Michael Niemira Quotes
«Can you raise the question of whether the retail industry is finally on the mend? Given the picture that's developing here, tentatively at least you can say, yeah. Certainly we can make more upbeat comments on the holiday season.»
Author: Michael Niemira
«Apparel certainly can be weather-dependent and certainly that was the case.»
Author: Michael Niemira
«The strong start to the holiday season is a reassuring sign that the consumer is very much connected with this holiday season and can be enticed to spend by retailers.»
Author: Michael Niemira
«It's an uncomfortable forecast to the extent that nothing else seems to be going the right way for the economy, and ultimately, how can that support a decent-to-okay kind of Christmas? ... That's the question. Four percent is not aggressive, but it does suggest improvement over last year.»
Author: Michael Niemira
«I think you have to read between the lines. In September, retailers say things are on- to above-plan, that's reassuring, even with easier comparisons for the industry. The tone will be important, particularly with some of the department stores. If you continue to hear below-plan sales, that would be worrisome.»
Author: 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.»
Author: Michael Niemira
«The big talk about value we haven't heard in 10 years since the last recession, but it comes back, and that's where we are now. Will department stores pick up again? Sure, but it will require the economy to first turn around.»
Author: Michael Niemira
«Basically, the consumer will hang in there. Unless there's some kind of a major problem, the consumer tends to be more passive and will continue to spend if credit is available.»
Author: Michael Niemira
«I think there's less worry on the consumer, and our focus ought to be more: 'Does business, capital spending pick up?'... That's much more meaningful going forward.»
Author: Michael Niemira
«I think initially the industry will try to keep the discounts more narrowly focused. The problem is, if sales don't pick up, retailers will start to spread out discounts to those goods not selling as well.»
Author: Michael Niemira