Electronics/Appliance Retail Sales Slip 2% In April: Feds

Consumer sentiment remains cautious
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April sell-through for CE and appliance dealers was down 2 percent year over year, the U.S. Census Bureau reported.

The agency’s monthly retail sales estimates, released this morning, show that the channel generated about $8.6 billion last month, which was roughly flat to March.

In contrast, sales at furniture and home-furnishings stores rose 3.6 percent year over year, and direct sales including e-commerce were up 10.2 percent.

Total April sell-through, excluding food and automobile-related channels, was up 2.7 percent, reflecting a cautious consumer sentiment that sent Macy’s and other retail stocks into a tailspin this week.

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

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