With an Eye to the Fall, Consumer Electronics Retail Confidence Slips in August
For the second month in a row the Dealerscope Consumer Electronics Retail Confidence Index (DS Index) shed 10 points. The slide, which was expected given the historical summer-time trend of the DS Index, comes as most retailers are prepping for the final quarter of the year and have their eye towards the more lucrative fall and winter months.
Settling in at 175.21, the August 2018 confidence score is a little more than 7 points higher on a year-over-year basis.
In explaining their decreased confidence, retailers cited many of the same summertime complaints including slower-than-average foot traffic because of vacations, harsh weather conditions, and strong local competition. Notably, the August survey brought out the first mention of tariffs and their impact on retail with one retailer saying the negative news coverage has had an impact on foot traffic.