Michael Niemira Quotes

As potential shoppers flocked to the theaters, chain-store sales were a little less robust.

- Michael Niemira

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Potential | Shoppers | Flocked | Theaters | Chain |

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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

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

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