NRF Reports Rebound in Retail Sales in January
The National Retail Federation (NRF) just reported that retail sales rebounded this January after facing a slump in December. Specifically, retail sales jumped 1.3 percent seasonally adjusted from December and 3.6 percent unadjusted year-over-year.
But don’t get too excited.
A breakdown of the key retail sectors during January revealed electronics and appliance stores were among a few categories that faced a down slope. Though they weren’t the worst performers on that list, the NRF reported electronics and appliance stores were down 3.2 percent year-over-year and down 0.3 percent month-over-month seasonally adjusted. Although we uncovered similar findings in our Dealerscope CE Retail Confidence Index (DS Index), it’s still not news you want to hear.