Retail sales (have) faced a number of challenges -- one of the hottest month of September on record in the last 111 years ... which hurt fall apparel categories, two powerful hurricanes and high gasoline prices, all of which tempered consumer demand,
More Quotes from Michael Niemira:
The other thing is that as retailers move into a period of tougher comparisons in the second half of the year, it will be difficult for them to maintain the same pace of sales growth that they've enjoyed in the first half.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
Despite the needs of the displaced residents that lived in the path of Hurricane Katrina, which helped to lift sales for basic foods and other supplies in Texas and across the South, higher energy prices are seemingly weighing on demand for nonessential goods by middle and lower income households.
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
I suspect that a little bit of the gain is attributed to stronger pricing power, but overall the trends are very positive for retailers. The message from these numbers is that momentum is on the retailers' side as we move into the holiday season.
Michael Niemira
Despite the fact that gas prices have been creeping up since last year, our research shows that consumers have not really altered their buying of discretionary items, ... I think the effect on consumer spending has more or less been neutral.
Michael Niemira
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