On the heels of a confident prediction that the industry was set to turn around made by Dealerscope in the Q3 DS Index white paper, CE retailers saw their confidence rise to its highest point since July. The 177.07 DS Index score for October brings to an end a grueling string of five straight months of decline. That said, the CE retail industry has a long way to go to get back to its peak at the start of 2017.
Echoing the results of the DS Index over the past few months, one retailer offered a very honest analysis of what the retail environment has been like this summer.
“Customer confidence has improved—this summer they could afford to travel. Consequently they were not buying CE products,” the retailer said. “They are now home and needing their CE products. CE will finish strong this year.”