March Sales Slipped 10% At Appliance, Consumer Electronics Retail Apr 15, 2009

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Sales at consumer electronics and appliance stores fell 10% in March from the comparable year-ago period, according to data by the U.S. Commerce Department.

Sales at CE and majap stores dropped 5.9% from February on a seasonally adjusted basis, the Commerce Department report showed. The year-over-year decline was unadjusted for calendar or holiday shifts.

Total retail sales (which include non-general merchandise categories such as car dealerships, gasoline stations and restaurants) decreased 1.1% seasonally adjusted over February and decreased 10.6% unadjusted year over year. Retail industry sales for February were revised upward, increasing 0.3% instead of dipping 0.1% as originally reported.

Absent autos, gas and food, retail industry sales decreased 0.6% in March seasonally adjusted from February, and dropped 3.7% unadjusted over last year.

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