Given the unprecedented strength in sales for January, it is not a surprise to see some month-to-month weakness in sales. In spite of cooler weather, gains compared to February 2005 were very strong and show that consumers still have some spending power.
More Quotes from Rosalind Wells:
After several strong months of retail sales growth, it seems clear that the economy is picking up momentum just in time for the holidays.Rosalind Wells
As gasoline prices decrease, consumers are finding a little extra padding in their budgets. Nearly every retail category has seen strong sales growth in the past few months, indicating that retailers will see positive gains as consumers continue to spend this holiday season.
Rosalind Wells
This was clearly more than just a ho-hum holiday season as some have prematurely reported.
Rosalind Wells
We expect consumers to become more conservative as the year goes on.
Rosalind Wells
Consumers shook off concerns about higher energy costs and responded well to the seasonal promotions. If November is any indication of what consumers are capable of, retailers can expect a very happy holiday season.
Rosalind Wells
As employment expands and wages and salaries firm, a broader spectrum of consumers will be in better financial shape, which should help lift sales more evenly across the board.
Rosalind Wells
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