Big Box Consumer Electronics Retailers Crash in Latest DS Index Survey
Though the consumer electronics retail industry saw its confidence rise in April, it was a very telling month for how this industry is trending four months into 2018. Independent and regional stores both saw growth, month over month, while their big box counterpart saw the largest single month crash in DS Index history and set a new all-time low for a confidence score.
As a whole, the industry saw confidence rise four points this month, reaching 189.29. Year-over-year the DS Index is down nine points in April, but the month-over-month growth is actually double what we saw last year.
That said, the DS Index sits at an incredibly critical juncture moving forward. Last year at this time, the CE retail industry was teetering on the edge of a sharp downturn in confidence that started in the spring and lasted nearly half the year. Judging by the individual open responses, many retailers are still waiting for consumers to come into their stores with tax return checks in hand and ready to spend. That likely won’t be the case—as we covered recently—which could result in a similar downward slide for the DS Index this year.