Retailing District retailers report mixed sales patterns, but overall, sales seem to be running behind last year s pace. Sales of furniture and consumer electronics have been particularly slow, while major appliances and apparel have been moving well. Seasonal items, such as winter apparel, are also selling well, especially in areas of the District that received heavy snowfall early in November. Despite some disappointments with the overall sales picture, retailers seem cautiously optimistic about the holiday shopping season. Inventories are being expanded in line with expectations of increased store traffic.
Prices are reportedly stable, except in electronics, where deep discounts are common.
Many stores have already hired seasonal help, but a few report difficulty finding qualified workers for some positions. A variety of chain stores have recently expanded into the District, particularly in Ohio. Some of the slowdown has been attributed to the recent heavy snows, but in parts of the District where the weather remained mild, sales were only slightly better. Sales incentives have been unusually generous and widespread for a new model year. Inventories remain near desired levels, with shortages reported only for the most popular models and for light trucks.