Consumer Confidence Dips
Latest report from the Consumer Electronics Association and CNET's Index of Consumer Technology Expectations shows that consumer confidence dropped more in the electronics sector than the general economy. Ask Circuit City what they think.
The CEA's Index of Consumer Technology Expectations dropped 7 points since last month, dropping to 78.3. This is a 13% drop since this same time last year.
See what the director of research had to say about the report.
"Although we have seen consumer confidence dip lower in the past two years, we were hoping that confidence would rebound or at the very least, remain flat during one of the busiest shopping seasons of the year," Claudia Haase, said as part of the release. "For many retailers, the holiday season is the time when they expect to report an increase in sales, but it appears that economic factors may overshadow the expected boost from the holiday season."
Really - is any of this a surprise? —Leslie Shapiro