With only 26 percent of households having completed their holiday shopping ... this holiday season will certainly come down to the wire.
More Quotes from 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
There was lots and lots of discounting this holiday season. From the beginning of November onward, it was very promotional and remains a backdrop for the season.
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
As the 'traditional' holiday selling season got underway on Friday, consumers headed to those retailers who provided promotions and discounts.
Michael Niemira
Phase one at least met very modest expectations. It came late and it was uneven. Now, we are in phase two, which is taking on a different character. It could make a modest Christmas into a much better Christmas.
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
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