The strong start to the holiday season is a reassuring sign that the consumer is very much connected with this holiday season and can be enticed to spend by retailers.
More Quotes from Michael Niemira:
The continuing bout of winter-like weather in the East is holding back spring merchandise demand in that region, while the hot weather in the West has consumers thinking about summer merchandise.Michael Niemira
I don't think the first three months represent an underlying trend, ... Right now it is the easy comparisons that are driving the results. Going forward, the economic picture will drive sales, particularly the jobs market and whether or not it continues to improve.
Michael Niemira
No doubt the financial markets are anticipating that something could change. Whether that happens this summer or later remains to be seen, ... There are some broader negatives in the economy right now but the they will take a long time to work through. Fo
Michael Niemira
A tax-free week is more of a social statement on the part of states. It's great for publicity and the advertising. Retailers are not dumb. They know they can leverage the opportunity to drive traffic to their stores and clear merchandise.
Michael Niemira
What you're seeing is that some retailers are getting back to normal, but the weakness seems pretty widespread among department stores. So it's still an extremely fragile environment.
Michael Niemira
We've been down this path before when a snowstorm hit the East in the first week of December last year. It was a major headache for the season and the industry never recovered from it,
Michael Niemira
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