Michael Niemira Continue Quotations

Basically, the consumer will hang in there. Unless there's some kind of a major problem, the consumer tends to be more passive and will continue to spend if credit is available.

Despite all the worries on the energy front, sales trends continue to be impressive and remain strong.

I think you have to read between the lines. In September, retailers say things are on- to above-plan, that's reassuring, even with easier comparisons for the industry. The tone will be important, particularly with some of the department stores. If you continue to hear below-plan sales, that would be worrisome.