Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Appliance Store Sales Down in March
Apr 19, 2013
 Printable format
 Email this Article
 Search

March 2013 adjusted retail sales of Electronics and Appliance Store stores were $8,122 million, according to the U.S. Census Bureau. Adjusted Electronics and Appliance Store sales were down from $8,257 million in February 2013. Adjusted estimates are concurrently adjusted for seasonal variation and for holiday and trading day differences, but not for price changes.

March unadjusted sales at Electronics and Appliance Stores were $7,802 million, up from $7,756 million in February.

Unadjusted sales are down 1.6% in the first three months of 2012.

March 2013 overall retail sales in the United States (which excludes car sales, gas stations, and food service sales) were down 0.6% from February 2013, but were up 2.6% from March 2012.

The National Retail Federation blamed the March decrease in sales on colder weather in much of the country, as well as "harmful fiscal policy"--specifically, the payroll tax hike that was put in place at the start of 2013.

"Retail is the vehicle that drives our economy, and the consumer dictates the speed," said NRF President and CEO Matthew Shay. "With consumer confidence low, Washington decision makers need to focus on a long-term, economic roadmap that creates fiscal certainty for American families. And we need policies that encourage job growth and capital investment by business generally and the retail industry specifically, an industry that supports one in four American jobs. Without either, economic recovery will continue to sputter along, and the consumer will keep their foot off the pedal."

"While we remain optimistic that retail sales will grow modestly this year, it seems like the economy is off to a shaky start as we enter the second quarter," said NRF Chief Economist Jack Kleinhenz. "Improving housing prices and lower gas prices may help to offset the toll of increased taxes and sequester."

Back to Daily News

 

Daily News

...........................................................

Oct 1, 2014: Commercial appliance spending and other restaurant capital spending solid in August

Oct 1, 2014: Appliance maker Gorenje is first Slovenian company with a European Works Council

Oct 1, 2014: HVAC/R contractors positive about short-term growth

Oct 1, 2014: Global semiconductor industry on-track to biggest year ever

Sep 30, 2014: Whirlpool Water launches refrigerator filter recycling program

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows