For instance, temperatures last week in the Northeast were 10 degrees warmer compared to the same period last year. That helped push sales of seasonal merchandise. Is all sales strength due to the weather That's hard to say.
More Quotes from 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
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.
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
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.
Michael Niemira
This past week, sales once again reflected the Easter shift and the shifting weather patterns across the country.
Michael Niemira
We worry about the impact of gasoline and inflation, but it's still nothing more than a worry. The reality is that the consumer continues to spend at a pretty healthy pace.
Michael Niemira
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