Luxury has a strong run and it will slow down in 2005. This is more a function of the natural rhythm of retail spending.
More Quotes from Michael Niemira:
The bottom line today is that the economy is improving and the consumer is much more confident, ... This storm undoubtedly will hurt sales, especially on Saturday, but it could also trigger a different response where it shifts demand to other channels such as the Internet, catalogs and to gift cards.Michael Niemira
These trends give some confidence that the first quarter will be tough for retailers. Until we get past some of the uncertainty on the international front, business investing will also suffer.
Michael Niemira
Part of the reason was that retailers built sales momentum by offering deep discounts leading up to Black Friday,
Michael Niemira
I think you have to read between the lines. In September, retailers say things are on- to above-plan, that's reassuring, even with easier comparisons for the industry. The tone will be important, particularly with some of the department stores. If you continue to hear below-plan sales, that would be worrisome.
Michael Niemira
This is the pause that refreshes. This is not a doomsday scenario.
Michael Niemira
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