Dec. CE/Majap Retail Sales Flat: Feds

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Washington - Retail sales were flat in December for the nation's CE and major appliance retailers, and edged up just 0.4 percent for the year, the U.S. Commerce Department reported today.

According to the agency's monthly retail sales estimates, the CE/majap specialty channel generated $13 billion last month, essentially unchanged from the year-ago period, and $100.9 billion in annual revenue in 2011.

Interestingly, December sales fell 3.9 percent from November, suggesting that the Thanksgiving holiday period, which included the big Black Friday and Cyber Monday shopping days, pulled business forward significantly from Christmas.

Total retail sales, which include non-general merchandise categories such as autos, gasoline stations and restaurants, increased a strong 7.7 percent year over year, the Commerce Department reported.


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