Michael Niemira Quotes

During the month of January, about 40 percent of gift cards are redeemed and that is exactly what consumers began to do this past week. As a result, chain stores saw their sales rise slightly.

- Michael Niemira

Tags

Month | January | Percent | Gift | Cards |

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Retail overall is still fighting the same war, which is the economy. The bigger hurdle for retailers is June, where the comparisons get even tougher overall at 5.1 percent growth at this time last year. - Michael Niemira

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

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