Michael Niemira
Michael Niemira
industry performance
It's a decent-to-moderate performance for the industry as a whole.
consumers helped holiday late lift
Procrastinating consumers and a late Hanukkah (December 25) helped to lift the holiday season's performance.
cumulative effect higher pennies penny shock top week
Now there's a shock. It's not just a penny this week and two pennies higher the week before. And the shock comes on top of the cumulative effect of all those pennies over all those weeks.
bit gain holiday message momentum move numbers overall positive pricing side stronger suspect trends
I suspect that a little bit of the gain is attributed to stronger pricing power, but overall the trends are very positive for retailers. The message from these numbers is that momentum is on the retailers' side as we move into the holiday season.
brought favorable holiday hurt impact isolated last later memorial people shift stores weather weekend year
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.