April Electronics-Store Sales Fell 3.4% From Year Earlier, 1.3% From March, Says NRF
April retail sales at electronics and appliance stores were down 3.4 percent year over year and 1.3 percent sequentially from March, reported the National Retail Federation Wednesday. Online and other non-store sales were up 11.9 percent from April 2018 but…
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down 0.2 percent sequentially month over month, said NRF. April retail sales overall were down 0.2 percent from March but up 5.2 percent year over year, it said. Slower tax refunds and harsh weather in parts of the U.S. “may have been key factors impacting April’s numbers, but the fundamentals remain positive, particularly in long-term comparisons,” it said. “Despite there being a lot of volatility in the data from month to month, the long-term comparisons look good and the three-month average in particular is getting stronger.”