Michael Niemira
Michael Niemira
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.
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.
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.
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.