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.
More Quotes from Michael Niemira:
For instance, temperatures last week in the Northeast were 10 degrees warmer compared to the same period last year. That helped push sales of seasonal merchandise. Is all sales strength due to the weather That's hard to say.Michael Niemira
While Black Friday is important to retailers, it's not always the best indicator for consumer shopping patterns during the remainder of the holiday season, which should allow the retail industry to continue feeling optimistic.
Michael Niemira
Procrastinating consumers and a late Hanukkah (December 25) helped to lift the holiday season's performance.
Michael Niemira
We saw softness in apparel and other seasonal merchandise in the latter part of March, ... While higher gas prices pinched tax refund money, consumers have also indicated that they traveled less to shopping centers. The impact from that aspect may not be huge but it was a factor.
Michael Niemira
Increasingly, the post-Thanksgiving week dip has become a 'standard' part of the holiday shopping season. Although the latest week's decline was not encouraging, it was not necessarily worrisome as only nine percent of households have completed their holiday shopping.
Michael Niemira
Wal-Mart is not a bellwether for the broader industry this season. The action isn't among their customers.
Michael Niemira
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