It looks like that number is tracking at 6.8 percent, slightly higher than what we expected, ... We did expect it would be a lot stronger but sales got pinched at the end of the month because of cooler temperatures in some parts of the country.
More Quotes from Michael Niemira:
While there is some concern regarding the continued retail sluggishness this season, consumers have an additional two days this year to finish their holiday shopping, which may boost this season's final retail performance.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
Although Sunday was the weakest day of the Thanksgiving weekend, retailers shouldn't be too alarmed as this is a typical and traditional pattern from previous years.
Michael Niemira
It shows a relatively healthy sales picture. The question is how will the consumer react when oil prices filter through the rest of the economy.
Michael Niemira
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.
Michael Niemira
Consumers continued to buy for everyday needs, the staples, such as food, drugs, health and beauty aids.
Michael Niemira
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