We have gone through a slowdown from the more robust pace of sales in the first-half of the year, but I think the slowdown was cause for some worry, not a real concern, ... Higher gasoline prices have taken the oomph out of the economy and spending. But without more conclusive evidence of a drop in discretionary spending, I would say the slowdown is more temporary than real.
More Quotes from Michael Niemira:
We worry about the impact of gasoline and inflation, but it's still nothing more than a worry. The reality is that the consumer continues to spend at a pretty healthy pace.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
We suspect the storm again hurt sales in the region. Even though this storm was a little more concentrated than last week's storm , it did cut into demand. It will be important to see if that demand is shifted to this week and to next weekend.
Michael Niemira
Procrastinating consumers and a late Hanukkah (December 25) helped to lift the holiday season's performance.
Michael Niemira
I don't think the first three months represent an underlying trend, ... Right now it is the easy comparisons that are driving the results. Going forward, the economic picture will drive sales, particularly the jobs market and whether or not it continues to improve.
Michael Niemira
Additionally, there are two more shopping days this year than last, which may have caused soft Black Friday weekend sales as people wait longer to shop. Nevertheless, after Friday's robust performance, these numbers are slightly weaker than industry analysts would have expected.
Michael Niemira
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Based on Topics: Sales Quotes, Worry QuotesBased on Keywords: first-half, oomph
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