By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Schaffhausen, Switzerland – GPS supplier Garmin posted a 1 percent decline in fourth-quarter sales and a 3 percent full-year decline but increased net income in both periods by 26.5 percent and 12.9 percent, respectively.
Sales in the North America region were down 3 percent for the quarter and 5 percent for the year.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Issaquah, Wash. — Holiday sales were up for Costco, way up for Amazon.com’s Marketplace sellers, and down for Barnes & Noble.
Costco, the No. 1 warehouse club, today reported a 6 percent spike in December sales, to $11.5 billion, but continuing declines in CE.
Comp sales for the five-week period, ended Jan. 5, rose 5 percent excluding gasoline, driven by a 4 percent increase in holiday traffic and a 1.5 percent gain in average purchase size.
Charleston, S.C. – Holiday purchases of consumer electronics rose 27 percent year over year, making it one of the biggest growth categories of the season.
According to seven weekly consumer surveys by America’s Research Group and Inmar, 27.6 percent of holiday shoppers bought CE this year, compared to 21.7 percent in 2012.
Of those, 18 percent of consumers purchased a TV, up from 13.1 percent last year; 17.5 percent bought a computer, compared to 10.6 percent in 2012; and a whopping 42.5 percent bought video games, vs. 35.4 percent last year.
New York — U.S. chain store sales rose 5.1 percent year over year in September, according to a new report from the International Council of Shopping Centers (ICSC).
The trade group’s preliminary figure is based on a compilation of available sales results for 11 publicly traded chains, and excludes gasoline stations and September’s tally from Gap Inc., which has not yet reported.
Washington – Retail sales in November and December will increase 3.9 percent, to $602.1 billion, the National Retail Federation (NRF) has projected.
The trade group’s forecast jibes with the 4-percent increase predicted by the Consumer Electronics Association (CEA), although the latter anticipates a $738 billion holiday tally.
New York — Total holiday sales will grow between 4 percent and 4.5 percent, to upward of $967 billion, according to a new forecast by Deloitte.
The projected gains will be spurred by rising home prices and steady job creation, and are on par with last year’s 4.5 percent increase, the consultancy said.
Direct sales, including the online, catalog and interactive TV channels, are expected to increase upwards of 13 percent, while 8 percent of brick-and-mortar sales, or $66 billion, will be influenced by research on mobile devices, Deloitte projected.
San Francisco — Holiday sales for CE and major appliance retailers are projected to increase 2 percent this holiday season, while store visits will decline 1 percent, a new report suggests.
According to market research firm ShopperTrak, the CE major appliance channel mirrors total retail trends, which indicate a slowdown in holiday sales growth. Total retail sales are expected to rise 2.4 percent in November and December, down 20 percent from last holiday season’s 3 percent gain, while total foot traffic is forecast to slip 1.4 percent year over year.
Fort Worth, Texas — RadioShack reported a net loss, slightly lower sales, and lower comp sales in the fourth quarter, and a net loss for the year, ended Dec. 31.
Total net sales and operating revenue were $1.3 billion, compared with $1.4 billion last year. Comp-store sales were down 7 percent, driven by a decline in the mobility and consumer electronics platforms, the chain said.
Washington — Sales at CE and appliance stores rose 1.3 percent in January to an estimated $8.4 billion, the U.S. Commerce Department reported.
In contrast, sales edged up just 0.2 percent from December, the agency said.
The increase may reflect the impact of last month’s Super Bowl, which was the third-largest sales period for TVs in 2012, according to The NPD Group.
Washington — December sales for CE and appliance retailers rose 1.3 percent to $8.4 billion, the U.S. Commerce Department reported.
However, sales slid 0.6 percent from November the agency said, confirming reports from retailers of a strong start to the holiday season and a weaker finish in December.