These trends give some confidence that the first quarter will be tough for retailers. Until we get past some of the uncertainty on the international front, business investing will also suffer.
More Quotes from 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
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
As Mother Nature turned kinder this past week, demand for Easter merchandise and Spring-related items finally drove sales.
Michael Niemira
Procrastinating consumers and a late Hanukkah (December 25) helped to lift the holiday season's performance.
Michael Niemira
As we look toward August, ICSC continues to expect the overall outlook to remain positive as additional states begin to offer their sales-tax holidays, which will continue to help spur customer traffic over the coming weeks,
Michael Niemira
The strong May performance goes a long way to dispel concerns about the impact of gas price increases on consumer spending, ... I am surprised that the positive results were so widespread. It says 'Gee, the economic growth is clearly countering some of these other drags.'
Michael Niemira
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