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April CE/Majap Retail Sales Up 1%: Feds

Washington, D.C. – April
sales for electronics and appliance retailers edged up 0.9 percent
year-over-year to $8.4 billion according to preliminary estimates from the U.S.
Commerce Department.

However, the April sales tally
was down 2.2 percent from the prior month.

In contrast, total retail
sales increased 7.9 percent in April over the year-ago period, and e-commerce
and other direct sales rose 15.5 percent.

The sales estimates were adjusted
for seasonal variation and for holiday and trading day differences, but not for
price changes, the Commerce Department said.