Michael Niemira Quotes


We did see a boost from gas prices, we're also coming off a big surge in building materials. So there were some big swings in some components of the report. But broadly, even excluding the volatile cars component, the gain was 0.7 percent, which is still quite healthy. - Michael Niemira


Wal-Mart is not a bellwether for the broader industry this season. The action isn't among their customers. - Michael Niemira


Until July, income growth has outpaced the added dollars spent on gas. But gas prices have risen much faster in August. Income growth still has to outpace the increase in gas prices to at least offset the negative effective on consumers. - Michael Niemira


Underlying demand continues to remain moderate with pockets of strength. The forces are looking better as you go to June and beyond. Maybe this is the last of the weaker reports before we start to see more strength. - Michael Niemira


Uncertainty is always bad for retailers. And that uncertainty did not vanish with today's reports. - Michael Niemira


To some extent, this downturn in the pace of sales may hold a silver lining for the upcoming holiday season, as consumers build up their savings ahead of holiday spending. - Michael Niemira


This past week, sales once again reflected the Easter shift and the shifting weather patterns across the country. - Michael Niemira


This past week retail chain store sales were affected by two key factors -- weather and the opening of the Olympics -- as consumers directed their attention to things other than shopping. - Michael Niemira


This past week retail chain store sales recovered nicely as consumers stocked up on consumable goods in preparation of the Super Bowl and continued to take advantage of seasonal clearance items. - Michael Niemira


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