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.
More Quotes from Michael Niemira:
For the MarchApril period, industry sales are likely to show year-to-year growth of around 1.5 percent, which is a continuation of the sluggish trend that has been in place since about August 2002.Michael Niemira
Despite the weather-induced dip in sales compared to the same period last year, it is not clear whether it was just a shifting in demand to future shopping days or mediums such as online and catalog sales.
Michael Niemira
While retailers are pleased with (Christmas) performance, the holiday shopping season is far from over, since about 60 percent of gift-card redemptions occur between Dec. 26 and the end of January.
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
For now it seems as though the industry will have time to recoup the loss in demand due to Mother Nature,
Michael Niemira
Additionally, there are two more shopping days this year than last, which may have caused soft Black Friday weekend sales as people wait longer to shop. Nevertheless, after Friday's robust performance, these numbers are slightly weaker than industry analysts would have expected.
Michael Niemira
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