Tag: spending
May sales down 13% for electronics and appliance sales
by admin on Jun.15, 2009, under Industry News
May 2009 sales down 13% for electronics and appliance sales compared to May 2008 states the US Commerce Department. The government analysts cite the closing of Circuit City and the now-past stimulus checks for the decline. And retailers shouldn’t look for boost for Father’s Day, claims market research firm IBISWorld. Total spending for dads is expected to drop 7% while overall electronics spending is expected to fall 16% percent from Father’s Day 2008.