Retail overall is still fighting the same war, which is the economy. The bigger hurdle for retailers is June, where the comparisons get even tougher overall at 5.1 percent growth at this time last year.
More Quotes from Michael Niemira:
Procrastinating consumers and a late Hanukkah (December 25) helped to lift the holiday season's performance.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
While retailers are pleased with (Christmas) performance, the holiday shopping season is far from over, since about 60 percent of gift-card redemptions occur between Dec. 26 and the end of January.
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
Retail sales (have) faced a number of challenges -- one of the hottest month of September on record in the last 111 years ... which hurt fall apparel categories, two powerful hurricanes and high gasoline prices, all of which tempered consumer demand,
Michael Niemira
Despite the needs of the displaced residents that lived in the path of Hurricane Katrina, which helped to lift sales for basic foods and other supplies in Texas and across the South, higher energy prices are seemingly weighing on demand for nonessential goods by middle and lower income households.
Michael Niemira
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