Consumer electronics retailers are riding a three-month streak of confidence gains as the summer season nears. Retailers registered an overall confidence score of 207.55 entering May, setting a new all-time high for the Dealerscope CE Retail Confidence Index (DS Index). That score beats the previous record of 207.47 that the industry achieved in January 2018. Year-over-year, the DS Index is up 15.6 points over last May.
Retailers pointed to news of a strong and improving economy as well as exciting new product announcements and vendor and internal promotions for the month as the basis for their increased confidence in May. This month is also the start to a strong stretch of retail holidays, including Mother’s Day, Memorial Day, Father’s Day, and graduation season—typically strong times for the retail industry in general, and especially consumer electronics as the Dads and Grads promotions get underway.
Broken down by store type, the Big Box segment was again the strongest category of retailer, setting another record-high with a 244.13 confidence score in May, up nearly 10 point from the 235.63 score posted last month. The Independent channel checked in next with a confidence score of 195.38, up slightly over last month. Regional retailers came in “last” with a May confidence score of 185.25—again, up slightly over their previous month’s score.