U.S. retail software sales fell last month in a sign that consumers may be cutting back on discretionary spending as the economy weakens, an analyst with market research firm NPD said on Monday.
Total dollar volume fell 29.5 percent from January 2007, said NPD analyst Chris Swenson. The extent of that drop was exaggerated because the figures tally five weeks of sales for January 2007 versus only four weeks in 2008.
After normalizing the data, Swenson estimates that total software sales were down 12 percent.
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Total dollar volume fell 29.5 percent from January 2007, said NPD analyst Chris Swenson. The extent of that drop was exaggerated because the figures tally five weeks of sales for January 2007 versus only four weeks in 2008.
After normalizing the data, Swenson estimates that total software sales were down 12 percent.
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