Research firm Pacific Media Associates notes in a new report that inventories of high-def televisions, particularly those in the most affordable 30-inch to 34-inch range, piled up in January as sales didn’t rise as fast as retailers had expected.
While sales were up 55 percent, inventory levels still rose 68 percent, compared to a 7 percent inventory drop in January of 2007 compared to December of 2006.
From the report:
“Distributors were able to move considerably more of these products in January than in December, but far more units had been ordered than could be sold. It appears that many of the consumers who were the targets for these products kept their money in their pockets. Higher food and energy prices, tighter credit, and uncertainty about jobs and the economy were likely the main factors.”
Full release after the jump.
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