Consumers worried about losing their homes were reluctant to spend on a high-end flat screen

By Written Laura Spinale

Consumers worried about losing their homes were reluctant to spend on a high-end flat screen. For the unemployed, paying for a fancy phone or sound system took a backseat to buying food.

The overall impact of the recession on consumer confidence fueled the decline in sales among the retailers in Dealerscope’s annual registry of the top 101 CE retailers in the United States and Canada. The top 101 retailers rang up $184.86 billion in CE sales during 2009, a 7.69 percent drop from the $200.27 billion earned in 2008.

Click here (PDF link) for the complete rankings.

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