CE, Major Appliance
Sales Up In March
By Doug Olenick On Apr 18 2011 - 4:01am
Consumer electronics and major
appliance retail sales posted gains in March, according
to the National Retail Foundation.
The NRF said electronics and appliance store
sales increased 2.1 percent seasonally adjusted
last month and 3.6 percent unadjusted compared
to March 2010. This is the ninth continuous month
to show an increase.
The NRF was somewhat bullish on future spending
saying it could continue to increase. However
the steady increase in gasoline price could force
consumers to cut back their discretionary spending
to fill up their tank, said Jack Kleinhenz, the NRF’s
Overall, total retail sales for March, excluding autos,
gasoline stations and restaurants, increased
0.4 percent seasonally adjusted over February and
7.3 percent unadjusted year-over-year.