It seems clear that the mild pullback in consumer spending over the last week was due in part to the war beginning in the middle of a week, as well as the fact that the effects of the war have been built into the retail trend for the past month or so.
More Quotes from 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
Consumers continued to buy for everyday needs, the staples, such as food, drugs, health and beauty aids.
Michael Niemira
Although some discounting may have slowed the early pace of sales, the industry can expect to see much healthier sales patterns as we move into December and closer to both Christmas and the annually strong Saturday before Christmas retail boom.
Michael Niemira
Sales are going the way they did in the last two years, which was after Thanksgiving, things settled down. But we also see, I think, the power of weather on these numbers.
Michael Niemira
The message may be that the finish to the holiday season was very good. However, Wal-Mart's monthly sales growth seen together is still on the weak side,
Michael Niemira
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.
Michael Niemira
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