Our own surveys of 1,000 U.S. households over the past year indicates that more middle-income households are also cutting back spending to some degree,
More Quotes from 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
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
Part of the reason was that retailers built sales momentum by offering deep discounts leading up to Black Friday,
Michael Niemira
The results for this past week reflect the fallout of Hurricane Katrina as national sales were held back by about one percentage point as stores were closed in the path of the hurricane.
Michael Niemira
Mix 'n match season for apparel Apparel is clearly a mixed bag, ... We have some very good and very weak performers.
Michael Niemira
As the 'traditional' holiday selling season got underway on Friday, consumers headed to those retailers who provided promotions and discounts.
Michael Niemira
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