Electronics Store Sales Fell 3% in October, but Climbed 4.2% Overall, Says NRF
October retail sales at electronics and appliance stores declined 3 percent from a year earlier and fell 0.4 percent sequentially from September, reported the National Retail Federation Friday. Total retail sales were up 4.2 percent from October 2018 and increased…
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0.2 percent sequentially from September, said NRF. Online and other non-store sales were up 14.6 percent year over year and up 0.9 percent month-over-month, it said. “Despite the gradual slowdown in the U.S. economy, consumers are in a good place and October’s retail sales are a step forward into the all-important holiday season,” it said. “Uncertainty around trade policy has impacted consumer sentiment recently but ongoing job growth, low interest rates, low inflation and the stock market hitting record highs provide support for consumer spending.”