We'd Rather Buy iPhones and Video Games Than Clothes or Gas: Retail Sales Data

We'd Rather Buy iPhones and Video Games Than Clothes or Gas: Retail Sales Data

DailyFinance.com

Filed under: Economy, Apple, Retail

Though Americans aren't buying homes, clothes, gas, or furniture, we haven't stopped spending on gadgets, according to Tuesday's retail sales report from the Department of Commerce.

Overall retail sales rose 0.6% in October, beating analysts' estimates. Meanwhile, electronics and appliance store sales jumped 3.7%, the highest increase in two years. Last time there was a spike like that was November 2009, which benefited from a jolt from Black Friday and holiday shopping at the low-point of...

We'd Rather Buy iPhones and Video Games Than Clothes or Gas: Retail Sales Data originally appeared on DailyFinance.com on 2011-11-15T16:20:00Z.

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