Michael Niemira Quotes

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

Yes, the numbers look good, but they should have looked better, ... Beneath the surface, it shows some strain. - Michael Niemira

Wow, wow, wow. We saw widespread gains across categories last month. Looking at the ex-auto component, the (favorable) comparisons are reaching back all the way to March 2000, prior to the slowdown at the peak of the economic recovery. - Michael Niemira

With the fall season's first snow storm in the Upper Plains and a major cold front sweeping across the United States, this should certainly get consumers thinking about fall and even winter apparel as the month unfolds. - Michael Niemira

While there is some concern regarding the continued retail sluggishness this season, consumers have an additional two days this year to finish their holiday shopping, which may boost this season's final retail performance. - Michael Niemira

While retailers are pleased with last week's performance, the holiday shopping season is far from over, since about 60 percent of gift-card redemptions occur between December 26 and the end of January. - Michael Niemira

While Black Friday is important to retailers, it's not always the best indicator for consumer shopping patterns during the remainder of the holiday season, which should allow the retail industry to continue feeling optimistic. - Michael Niemira

What you're seeing is that some retailers are getting back to normal, but the weakness seems pretty widespread among department stores. So it's still an extremely fragile environment. - Michael Niemira

What we've seen on Black Friday historically is no clear indicator of how holiday sales will finish. Even though we might not see heavy promotions this year, we think underlying consumer demand is strong. If people want to wait until after Christmas for the big sales, they run the risk of picking up leftover merchandise. - Michael Niemira

What this report said is exactly what I've been talking about since December. - Michael Niemira

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