Michael Niemira
Michael Niemira
driven holiday largely promotions provide retailers season start strength strong
The strength was largely driven by promotions and did not provide as strong of a start to the holiday season as some retailers would have liked.
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.
industry performance
It's a decent-to-moderate performance for the industry as a whole.
days redemption
Redemption days are going to be very important this year.
consumers helped holiday late lift
Procrastinating consumers and a late Hanukkah (December 25) helped to lift the holiday season's performance.
consumers headed holiday promotions provided retailers season selling
As the 'traditional' holiday selling season got underway on Friday, consumers headed to those retailers who provided promotions and discounts.
continue despite energy impressive remain sales trends worries
Despite all the worries on the energy front, sales trends continue to be impressive and remain strong.
certainly completed holiday households percent season shopping
With only 26 percent of households having completed their holiday shopping . . . this holiday season will certainly come down to the wire.
april economy employment fear number performance starting strong together
This number together with the strong April employment performance assuages the fear that the economy was starting to decline.
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.