Part of the reason was that retailers built sales momentum by offering deep discounts leading up to Black Friday,
More Quotes from Michael Niemira:
I think there's less worry on the consumer, and our focus ought to be more 'Does business, capital spending pick up'... That's much more meaningful going forward.Michael Niemira
The weather was more noise than anything else.
Michael Niemira
Despite the fact that back-to-school shopping is in full swing, warm weather continues to hold back consumers' interest in fall apparel items.
Michael Niemira
November's upward revision probably mitigates the miss in December but I think the total year-over-year sales comparison might be a better barometer.
Michael Niemira
Retail industry sales volume has been relatively steady over the last month or so. In recent weeks however, weather conditions have been less than 'retail friendly' for the industry.
Michael Niemira
Momentum toward the end of the month is a good sign heading into the holiday season.
Michael Niemira
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