The consumer is still very cautious. There was underlying softness in November. It increases the worry about the holiday as a whole.
More Quotes from Michael Niemira:
July was weaker than anticipated but we also got an upward revision in June. So overall, the result was more neutral than negative.Michael Niemira
The other thing is that as retailers move into a period of tougher comparisons in the second half of the year, it will be difficult for them to maintain the same pace of sales growth that they've enjoyed in the first half.
Michael Niemira
It's an uncomfortable forecast to the extent that nothing else seems to be going the right way for the economy, and ultimately, how can that support a decent-to-okay kind of Christmas ... That's the question. Four percent is not aggressive, but it does suggest improvement over last year.
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
This past week retail chain store sales were affected by two key factors -- weather and the opening of the Olympics -- as consumers directed their attention to things other than shopping.
Michael Niemira
Our research told us that one-third of holiday shoppers would shop later in the season compared to last years. That certainly affected last week's sales and gave a lift to overall sales,
Michael Niemira
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