My concern is that the luxury market has topped in terms of spending growth after a two-year upturn.
More Quotes from Michael Niemira:
Retail industry sales volume has been relatively steady over the last month or so. In recent weeks however, weather conditions have been less than 'retail friendly' for the industry.Michael Niemira
Wow, wow, wow, ... We saw widespread gains across categories last month. Looking at the ex-auto component, the (favorable) comparisons are reaching back all the way to March 2000, prior to the slowdown at the peak of the economic recovery.
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
Procrastinating consumers and a late Hanukkah (December 25) helped to lift the holiday season's performance.
Michael Niemira
The consumer is still very cautious. There was underlying softness in November. It increases the worry about the holiday as a whole.
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
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