Consumers continued to buy for everyday needs, the staples, such as food, drugs, health and beauty aids.
More Quotes from Michael Niemira:
Last week's sharp decline in consumer confidence, as measured by the ABC NewsWashington Post Consumer Comfort Index, may have been a precursor of this week's spending drop.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
This is the pause that refreshes. This is not a doomsday scenario.
Michael Niemira
The arithmetic works in their favor. Looking at year-over-year comparisons, March last year was among the weakest months where retail sales also suffered because of a late Easter.
Michael Niemira
The strong May performance goes a long way to dispel concerns about the impact of gas price increases on consumer spending, ... I am surprised that the positive results were so widespread. It says 'Gee, the economic growth is clearly countering some of these other drags.'
Michael Niemira
With the fall season's first snow storm in the Upper Plains and a major cold front sweeping across the United States, this should certainly get consumers thinking about fall and even winter apparel as the month unfolds.
Michael Niemira
Readers Who Like This Quotation Also Like:
Based on Topics: Drugs Quotes, Food Quotes, Health QuotesNew ideas in technology are literally a dime-a-dozen, or cheaper than that.
Dean Kamen
An artist is somebody who enters into competition with God.
Patti Smith
I don't belong in the world. That's what it is. Something separates me from other people.
John Clifford