Michael Niemira Quotes

As a result of the recent weakness in sales, ICSC has lowered its monthly sales expectations to 2.5 percent to 3.0 percent from 3.0 percent to 4.0 percent for November, on a year-over-year basis.

- Michael Niemira

Tags

Result | Weakness | Sales | Icsc | Lowered |

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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

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

If we use 2 percentage points for the overall expected effect from the calendar shift, that's still a pretty weak reading, a 1.9 percent trend. That's not strong at all. I guess what you can say is it's certainly consistent with the sluggish pace we've seen. - Michael Niemira