April Sales at Electronics, Appliance Stores Up 2.2% Year on Year, Says NRF
April retail sales, seasonally adjusted, increased 0.4 percent over March and 2.8 percent from April 2017 “as consumers continued to spend,” said the National Retail Federation Tuesday. “Retail sales growth remains solid and on track as households benefit from tax…
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cuts even though they have faced unseasonable weather and bumpy financial markets,” said NRF. “The tax cuts and higher savings levels should help consumers afford the recent surge in gasoline prices. And a solid job market, recent wage gains and elevated confidence translate into ongoing spending support.” April sales at electronics and appliance stores were up 2.2 percent year-on-year but down 0.1 percent from March, seasonally adjusted, said NRF. Overall online and other non-store sales were up 12.2 percent from April 2017 and up 0.6 percent over March, it said.