November Electronics Store Sales Up Slightly Over October, But Down Year on Year
November estimated electronics and appliance store sales dropped to $10.1 billion from $10.4 billion in November 2015, said a Commerce Department report Wednesday. Electronics and appliances stores’ sales increased 0.1 percent seasonally adjusted over the previous month and fell 2.5…
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percent unadjusted year over year, it said. Overall retail sales -- excluding automobiles, gas stations and restaurants -- were up 0.1 percent from October and 5 percent year over year, it said. Online and other non-store sales grew 15.3 percent year over year, reflecting the growth of online shopping, said a National Retail Federation report. “Consumers were able to take advantage of low prices throughout the first half of the holiday season, checking out with full baskets but paying less even though purchasing was up,” said NRF Chief Economist Jack Kleinhenz.