San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Washington — Sell-through for electronics and appliance retailers was essentially flat in April, the U.S. Commerce Department reported.
According to the agency’s latest monthly sales estimates, which were adjusted for calendar changes but not price increases, sales edged up just 0.4 percent year over year, to $8.2 billion, and rose 0.8 percent from March.
Excluding the seasonal adjustment, April channel sales rose 1.2 percent but slipped 0.7 percent year to date.
Diversity seems to be the theme in many industry developments in the past couple of weeks, as illustrated in this issue of TWICE.
Seattle – Amazon.com reported a 45 percent decline in net income, to $97 million, for the fourth quarter ended Dec. 31, and lost $39 million for the full year, as it continued to build distribution centers, invest in its fulfillment systems and expand its digital library.
Net sales rose 22 percent during the period, to $21.3 billion, while the cost of sales increased nearly 17 percent to $16.1 billion, fulfillment costs rose 36 percent to $2.3 billion, and technology and content expenses rocketed 56 percent to $1.3 billion.
Port Washington, N.Y. – CE retail sales fell 7 percent to $13.7 billion during the holiday period of Nov. 18-Dec. 22, The NPD Group reported.
The data exclude sales of mobile phones, Amazon Kindle products, iPad, video games and Microsoft’s Surface computers.
Most CE categories tracked by NPD struggled, the market research firm said, although TVs and notebook computers each enjoyed sales in excess of $2 billion.
No other single segment accounted for more than $1 billion in revenue.
New York – Despite record Thanksgiving week business, Hurricane Sandy managed to dampen November retail sales.
Target reported virtually flat net sales of $6.2 billion, and a 1 percent decline in comparable-store sales. Sales were softest within portions of the Northeast, the discounter said, and comp sales within the hardlines category, which includes CE, declined by the mid-single digits.
New York – Retailers including Amazon.com, Walmart.com and Toysrus.com are pre-empting Black Friday and Cyber Monday with early launches of their holiday weekend promotions.
Amazon said it began listing “lightning deals” within in its Black Friday Deals store today, and plans to post thousands more discounted items throughout the week.
Among the daily promotions included in the run-up to Black Friday are a 32-inch LED TV for $147 and the LeapPad 1 for $60.