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.
More Quotes from Michael Niemira:
The arithmetic works in their favor. Looking at year-over-year comparisons, March last year was among the weakest months where retail sales also suffered because of a late Easter.Michael Niemira
Clearly everyone was hurt by the weather and store traffic declined sharply. But retailers can hope to recover this weekend, and from the one extra shopping day this year.
Michael Niemira
The results for this past week reflect the fallout of Hurricane Katrina as national sales were held back by about one percentage point as stores were closed in the path of the hurricane.
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
What we've seen on Black Friday historically is no clear indicator of how holiday sales will finish. Even though we might not see heavy promotions this year, we think underlying consumer demand is strong. If people want to wait until after Christmas for the big sales, they run the risk of picking up leftover merchandise.
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
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