Consumer Electronics Retailer Confidence Continues Climb Heading into June
Bucking all of the purported Retail Apocalypse trends from last year, the Dealerscope CE Retail Confidence Index (DS Index) continued its climb heading into June. The latest monthly survey saw the industry’s confidence level rise another 2.8 points to reach 195.29—the second highest total recorded in 2018.
Notably, this was the third month in a row that the DS Index experienced a rise in its overall score, which is a stark contrast over what the report looked like at this time last year. In June 2017, the DS Index was in the second of a six-month drastic downward decline. On a year-over-year basis, the DS Index is up a little more than 13 points.
Interestingly, a fairly large chunk of the categories we survey for were down slightly this month—especially in the various product segments, which we’ll get to. But the score rose as a result of a huge swing in retailers’ confidence in their ability to drive both foot and online traffic. Both are surveyed on a scale of 1 to 10 and were up a point combined over last month. Several retailers said that they were expecting increased store traffic as the summer got underway, which is exactly the opposite of how they felt this time last year.