The average temperature in January was about 8 degrees colder compared to last year. Cold weather doesn't interfere with shopping. It's the bad weather, with the snow and ice that cuts traffic.
More Quotes from Michael Niemira:
While retailers are pleased with last week's performance, the holiday shopping season is far from over, since about 60 percent of gift-card redemptions occur between December 26 and the end of January.Michael Niemira
You can't sustain an economy driven only by motor vehicle purchases. We're looking for business spending to rise in order to be confident about the second leg of the expansion going forth and, with it, the duration of expansion.
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
Momentum toward the end of the month is a good sign heading into the holiday season.
Michael Niemira
It's a moderation after a boom. It's the same thing we're seeing at luxury retailers. There's not necessarily anything that's fundamentally worrisome, it's just the natural ebb and flow of demand.
Michael Niemira
We thought the shift in the Memorial Day weekend this year to about a week later than last year could hurt holiday sales. That was only an isolated case. I think favorable weather probably had more of an impact that brought people out to stores to shop.
Michael Niemira
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