Huffpost Business

TV Sales Slide

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Consumers appear to be turning down the volume on television purchases.

As the largest specialty-electronics retailers get set to report year-end results, recent consumer surveys and comments from a TV supplier and from club stores point to slowing TV demand. The category has been among the few bright spots in big-ticket spending for the home as the economy has weakened.

TV sales were expected to slow this year after a couple of big years tied to technology improvements and following the usual surge around the holidays, but some industry watchers suspect sales have slowed even more than anticipated.

"People are going into sort of a nesting phenomenon, trying to hold on to what they have," said Paul Carton, director of research for ChangeWave Research, which surveys more than 4,000 tech aficionados each month. Even those consumers seem to be pulling back, Mr. Carton said.

Read the whole story at Wall Street Journal