As summer-like weather warmed up the South and very mild weather extended as far north as Illinois over the last week, consumers got the shopping bug.
More Quotes from 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
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
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
A tax-free week is more of a social statement on the part of states. It's great for publicity and the advertising. Retailers are not dumb. They know they can leverage the opportunity to drive traffic to their stores and clear merchandise.
Michael Niemira
Overall consumption is outpacing income growth, and unless we see improvement in employment, that cannot be sustained.
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
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