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Daily News

Appliance Store Sales Up in April
May 16, 2013
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Seasonally adjusted sales at U.S. Electronics & Appliance Stores were $8.215 billion in April 2013, up from $8.180 in April 2012 and up from $8.152 in March 2013.

Unadjusted retail sales data showed U.S. Electronics & Appliance Stores with sales of $6.995 billion in April 2013, according to U.S. Department of Commerce data. April sales at Electronics & Appliance Stores were up from $6.915 billion in April 2012, but down from $7.821 billion in March 2013.

The unadjusted, four-month total sales by Electronics & Appliance Stores was $30.346 billion, down 0.7% from the first four months of 2012.

Seasonally adjusted Retail sales, excluding foodservice sales as well as sales of motor vehicles and parts, were $373.173 billion in April 2013, up from $360.373 billion in April 2012 and virtually unchanged from $373.179 billion in March 2013.

Seasonally adjusted Retail sales in the first four months of 2013 were $1,428.294 billion, up 3.2% from the first four months of 2012.

The National Retail Federation said the increase in retail sales was likely spurred by a stronger employment environment, raising home prices, and a stock market that has been breaking record-high closings--all of which inspired consumers with the confidence to spend more at retail stores.

"In the face of higher taxes and sequester, consumers provided the economy a bit of a reprieve this month," NRF President and CEO Matthew Shay said. "Despite colder spring weather and an early Easter, consumers shopped in April, demonstrating an inherent resiliency even as the economy faces serious headwinds, including stagnant job and wage growth."

"However positive, retail sales and consumer spending in April may not necessarily translate into a stronger or healthier second quarter," said NRF Chief Economist Jack Kleinhenz. "NRF continues to forecast moderate sales growth for the year."

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