Michael Niemira Quotes


We've been down this path before when a snowstorm hit the East in the first week of December last year. It was a major headache for the season and the industry never recovered from it. - Michael Niemira


We're not out of the woods on the gasoline front. And we are certainly not out of the woods on the broader energy front. We still have a second wave in the pipeline, which is home heating season expenses. And that comes about the time that the holiday season unfolds. - Michael Niemira


We're already seeing indications of that. - Michael Niemira


Weather was a big catalyst. - Michael Niemira


Weather does matter more at certain times of the year than others. - Michael Niemira


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


We thought the shift in the Memorial Day weekend this year to about a week later than last year could hurt holiday sales. That was only an isolated case. I think favorable weather probably had more of an impact that brought people out to stores to shop. - Michael Niemira


We suspect the storm again hurt sales in the region. Even though this storm was a little more concentrated than last week's storm , it did cut into demand. It will be important to see if that demand is shifted to this week and to next weekend. - Michael Niemira


We saw softness in apparel and other seasonal merchandise in the latter part of March, ... While higher gas prices pinched tax refund money, consumers have also indicated that they traveled less to shopping centers. The impact from that aspect may not be huge but it was a factor. - 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


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