Additionally, there are two more shopping days this year than last, which may have caused soft Black Friday weekend sales as people wait longer to shop. Nevertheless, after Friday's robust performance, these numbers are slightly weaker than industry analysts would have expected.
More Quotes from Michael Niemira:
There was lots and lots of discounting this holiday season. From the beginning of November onward, it was very promotional and remains a backdrop for the season.Michael Niemira
Yes, the numbers look good, but they should have looked better, ... Beneath the surface, it shows some strain.
Michael Niemira
What you're seeing is that some retailers are getting back to normal, but the weakness seems pretty widespread among department stores. So it's still an extremely fragile environment.
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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.
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February was a volatile month for sales, swaying between blasts of winter weather and short tastes of spring.
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Mix 'n match season for apparel Apparel is clearly a mixed bag, ... We have some very good and very weak performers.
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