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Letter "M" » Michael Niemira Quotes
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«If there were no sales tax-free holidays, would the situation be any different for consumers? We asked consumers that question in a survey, and 70 percent said a tax-free week didn't affect their shopping.»
Author: Michael Niemira
«A tax-free week is more of a social statement on the part of states. It's great for publicity and the advertising. Retailers are not dumb. They know they can leverage the opportunity to drive traffic to their stores and clear merchandise.»
Author: Michael Niemira
«The strong May performance goes a long way to dispel concerns about the impact of gas price increases on consumer spending, ... I am surprised that the positive results were so widespread. It says 'Gee, the economic growth is clearly countering some of these other drags.'»
Author: 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.»
Author: Michael Niemira
«The risk to retailers is moderate right now because the [gas] price increases are hurting consumers more at the low-income spectrum. But these are also consumers who shop more frequently at discount stores like Wal-Mart.»
Author: Michael Niemira
«The other thing is that as retailers move into a period of tougher comparisons in the second half of the year, it will be difficult for them to maintain the same pace of sales growth that they've enjoyed in the first half.»
Author: Michael Niemira
«This is the pause that refreshes. This is not a doomsday scenario.»
Author: Michael Niemira
«The average temperature in January was about 8 degrees colder compared to last year. Cold weather doesn't interfere with shopping. It's the bad weather, with the snow and ice that cuts traffic.»
Author: Michael Niemira
«The continuing bout of winter-like weather in the East is holding back spring merchandise demand in that region, while the hot weather in the West has consumers thinking about summer merchandise.»
Author: Michael Niemira
«Consumers report that the high gasoline prices are having a negative impact on their frequency of shopping trips, which in turn affects spending.»
Author: Michael Niemira
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