November Retail Strong; CE Drops Slightly
While overall retail sales in the U.S. were strong in November, the consumer electronics and appliances categories dropped around 1 percent over the same month the year before.
That's according to numbers released Thursday by Mastercard Advisors. The consumer electronics sector dropped 1 percent with the appliance side falling 1.6 percent.
“Industry sales generally did well in November, building on the positive momentum first observed in September that carried through the early fall," the company's vice president of research and analysis, said in a statement. "The November retail sales gains indicate a solid start to the 2010 Holiday season for most categories, with some recording significant year-over-year gains.”