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.
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
Part of the reason was that retailers built sales momentum by offering deep discounts leading up to Black Friday,
Michael Niemira
With the fall season's first snow storm in the Upper Plains and a major cold front sweeping across the United States, this should certainly get consumers thinking about fall and even winter apparel as the month unfolds.
Michael Niemira
The weather was more noise than anything else.
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
This is more than just a weather story. The beginning of the week was OK, but the fall off began on Friday. Sunday was particularly weak.
Michael Niemira
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