October Retail Sales Up for 6th Straight Month, but Electronics Sluggish: NRF
October electronics and appliance store sales were up 1.2% from September but down 3.3% from October 2019, reported the National Retail Federation Tuesday. Overall retail sales were up 10.6% year over year in October, the sixth straight month of increases,…
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it said. Online and other non-store sales were up 3.1% from September and soared 26.3% from October 2019, it said. “Early holiday shopping provided a strong boost to the data,” said NRF CEO Matthew Shay. “Consumers have proven their resilience and willingness to spend as we head into the heart of the holiday season.”