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Michael Niemira Quotes

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

Tags

Sustain | Economy | Driven | Motor | Vehicle |

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It was a moderate sales performance; good but not great. It really showed the resilience of consumers to spend on the holiday despite some strong head winds. - Michael Niemira

But the underlying economy is still growing. It has slowed. The question is whether we can get by this period of increased price pressure. - Michael Niemira

What we've seen on Black Friday historically is no clear indicator of how holiday sales will finish. Even though we might not see heavy promotions this year, we think underlying consumer demand is strong. If people want to wait until after Christmas for the big sales, they run the risk of picking up leftover merchandise. - Michael Niemira

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