54 Total Quotes

Michael Niemira Quotes

If there were no sales tax-free holidays, would the situation be any different for consumers? We asked consumers that question in a survey, and 70 percent said a tax-free week didn't affect their shopping.
Michael Niemira
#Holidays

It was a season that had a lot of uncertainty attached to it. But the economy started to turn up in December, which was helpful.
Michael Niemira
#Economy

This is a solid gain again for retailers for the second month in a row.
Michael Niemira
#Gain

The last-minute rush by consumers may have come too late. I think the season overall was uneven.
Michael Niemira
#Consumers

It was an OK year, not a boom, not a bust.
Michael Niemira
#Boom

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
#Sales

This past week, sales once again reflected the Easter shift and the shifting weather patterns across the country.
Michael Niemira
#Country

Decent growth in income levels is helping to prop consumer spending. Home demand is holding up nicely and there's also spillover effect from that.
Michael Niemira
#Growth

You can't sustain an economy driven only by motor vehicle purchases. We're looking for [business spending to rise] in order to be confident about the second leg of the expansion going forth and, with it, the duration of expansion.
Michael Niemira
#Business

This past week retail chain store sales recovered nicely as consumers stocked up on consumable goods in preparation of the Super Bowl and continued to take advantage of seasonal clearance items.
Michael Niemira
#Past

Overall consumption is outpacing income growth, and unless we see improvement in employment, that cannot be sustained.
Michael Niemira
#Growth

The message may be that the finish to the holiday season was very good. However, Wal-Mart's monthly sales growth seen together is still on the weak side,
Michael Niemira
#Growth

Last week's sharp decline in consumer confidence, as measured by the ABC News/Washington Post Consumer Comfort Index, may have been a precursor of this week's spending drop.
Michael Niemira
#Comfort

Electronics was a pocket of strength. The discounting and promotional environment this past season was very much a part of the broader economic picture painted back in the late summer, when we saw rising gasoline prices.
Michael Niemira
#Environment

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
#Inflation

January was good across-the-board. When we do see more breadth to improvement, it usually indicates that an improving economy is helping. This is a good signal for retailers this fiscal year.
Michael Niemira
#Improvement

Consumer confidence doesn't always move with consumer spending. Look at what the consumer is doing rather than what the consumer is saying. Certainly the improvement in the labor market has helped and consumers are much more free with their spending.
Michael Niemira
#Confidence

Wal-Mart is not a bellwether for the broader industry this season. The action isn't among their customers.
Michael Niemira
#Action

November's upward revision probably mitigates the miss in December but I think the total year-over-year sales comparison might be a better barometer.
Michael Niemira
#Sales

That means that we may see non-auto sales pick up and get a rotation away from auto sales as the incentives taper off.
Michael Niemira
#Sales

Underlying demand continues to remain moderate with pockets of strength. The forces are looking better as you go to June and beyond. Maybe this is the last of the weaker reports before we start to see more strength.
Michael Niemira
#Strength

Real discretionary purchasing power has picked up this year, and is relatively strong.
Michael Niemira
#Power

The overall story is one of continued strength of the consumer but there are a couple of underlying stories here too.
Michael Niemira
#Strength

But the underlying economy is still growing. It has slowed. The question is whether we can get by this period of increased price pressure.
Michael Niemira
#Economy

The public face is we're happy, we're happy. But the reality is it is a moderate pace. It was a season that still has a way to go because of the rise of the gift card.
Michael Niemira
#Reality

One of the key takeaways from today's report is the consistency of the underlying pace of consumer demand, which is holding up reasonably well if you ignore the auto component,
Michael Niemira
#Consistency

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.
Michael Niemira
#Sales

The thing about discounters also is that their products are all generic, ... That could be challenging sales. The story definitely is that something is changing with regard to the consumer.
Michael Niemira
#Sales

Shoppers seemingly avoided malls due to perceived security concerns about being there on Halloween,
Michael Niemira
#Security

Black Friday is not always considered to be a particularly good predictor for the rest of the season, as factors like weather, discounting patterns, inventory, and general economic conditions come into play,
Michael Niemira
#Rest