There are loads of concerns out there, and as a result, the basic backdrop of this holiday season will be one that is much more uncertain.
More Quotes from Michael Niemira:
It was a moderate sales performance good but not great. It really showed the resilience of consumers to spend on the holiday despite some strong head winds.Michael Niemira
Electronics was a pocket of strength. The discounting and promotional environment this past season was very much a part of the broader economic picture painted back in the late summer, when we saw rising gasoline prices.
Michael Niemira
Black Friday is not always considered to be a particularly good predictor for the rest of the season, as factors like weather, discounting patterns, inventory, and general economic conditions come into play,
Michael Niemira
If November sales are good and inventory is under control, that takes some of the sales pressure off in December.
Michael Niemira
Increasingly, the post-Thanksgiving week dip has become a 'standard' part of the holiday shopping season. Although the latest week's decline was not encouraging, it was not necessarily worrisome as only nine percent of households have completed their holiday shopping.
Michael Niemira
It seems clear that the mild pullback in consumer spending over the last week was due in part to the war beginning in the middle of a week, as well as the fact that the effects of the war have been built into the retail trend for the past month or so.
Michael Niemira
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