Consumer Technology Holiday Sales Predictably Lousy
by John Paczkowski
Posted on January 13, 2009 at 11:25 AM PT
Though there was no reason to expect otherwise, sales of consumer electronics in the states fell dramatically during the holiday season. While online sales rose 7.1 percent to $1.7 billion for the five weeks that ended Dec. 27, sales at brick-and-mortar stores fell 8.1 percent to $7.5 billion, according to research firm NPD Group. End result: an overall decline of 5.7 percent for what NPD analyst Stephen Baker says was “by far” the worst holiday season the firm has seen.
Seems the econalypse and the absence of a “must-have product” really played havoc with spending during our annual consumer binge. Said Baker, “Not only was there not a really hot product, not only did the economy tell people that they shouldn’t buy stuff, but the stuff I have [is] more than good enough in most cases.”
Comments
there you go again, using the word “econolypse” — that’s about the millionth time allthingsd has used that
find a new word please, it went from wired to tired already…
or maybe allthingsd should fire you since everything is “so bad”… would save wsj/news corp some money
Posted by Sam Harrison at January 13th, 2009 at 10:07 pm