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.
More Quotes from Michael Niemira:
The risk to retailers is moderate right now because the gas price increases are hurting consumers more at the low-income spectrum. But these are also consumers who shop more frequently at discount stores like Wal-Mart.Michael Niemira
I don't think the first three months represent an underlying trend, ... Right now it is the easy comparisons that are driving the results. Going forward, the economic picture will drive sales, particularly the jobs market and whether or not it continues to improve.
Michael Niemira
Although some discounting may have slowed the early pace of sales, the industry can expect to see much healthier sales patterns as we move into December and closer to both Christmas and the annually strong Saturday before Christmas retail boom.
Michael Niemira
The consumer is still very cautious. There was underlying softness in November. It increases the worry about the holiday as a whole.
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
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
Readers Who Like This Quotation Also Like:
Based on Topics: Energy Quotes, Media & News Quotes, Sales Quotes, Worry QuotesIgnorance is the mother of devotion.
Dean Henry Cole
Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing which can be overturned, is a thing which is becoming more and more indispensable.
William Graham Sumner
People who want alternative information have to try so hard to find it.
Edwidge Danticat