DS Index: September Confidence Declines, but Shows Signs of Turning Around
Consumer electronics retailers continued to see their confidence level slip heading into the Fall months, but the drop in confidence was the least drastic that it’s been in recent memory. The September Dealerscope CE Retail Confidence Index clocked in at 166.51, down a little more than two points from August, but by far the slimmest decrease during this five-month stretch of falling confidence scores.
Retailers continued to sight slow store traffic and a lack of consumer confidence as some of the top reasons why their confidence remains low. Others pointed the finger at the White House for their struggles, and still others cited a lack of customer contracts coming in for installation projects, which supplement many independent retailers’ operations.
That said, there is room for hope—at least according to one retailer who said, “Football season will finally drive some more larger screen and higher dollar premium TV sales. Also, TV manufacturers will be introducing new 60-inch and 70-inch TV models providing more availability and affordability of theses popular screen sizes.”