SME Times is powered by   
Search News
Just in:   • Tier 2 and 3 Indian cities to emerge as pivotal real estate growth hubs in 2025  • India’s Jaduguda Mines discovery extends uranium resources by over 50 years: Govt  • Australia 'excited to play' at inaugural Kho Kho World Cup   • Indian startup ecosystem raises over Rs 29,200 crore in 2024, witnesses record 13 IPOs  • K’taka govt employee digitally arrested for six hours, robbed of Rs 19 lakh 
Last updated: 27 Sep, 2014  

USA.Thmb.jpg IBM predicts retail electronics, appliance sector growth

USA.Resize.jpg
   Top Stories
» Indian startup ecosystem raises over Rs 29,200 crore in 2024, witnesses record 13 IPOs
» Govt reforms, private partnerships behind Indian space industry growth in 2024: ISpA
» Indian firms raise bumper funds from equity market in 2024, set new records
» Centre-sponsored 10 plastic parks poised to spur exports, create more jobs
» India’s data centre capacity to more than double by 2027
PR Newswire | 28 May, 2010

ARMONK (New York): Retailers of electronics and appliances in the US are expected to grow sales of those products by $953 million in June, July and August, according to an analytics-based forecast produced by IBM (NYSE: IBM). The forecast represents a four percent increase compared with the same period last year.

The IBM forecast is produced using statistical and analytical software to evaluate both the long-term sales trend and seasonal peaks. IBM consultants use these predictive techniques to help clients improve performance by addressing complex issues of supply and demand. These techniques also aid clients in planning product mix, new store locations, staffing and advertising spend.

Here's the month to month breakdown of the forecast (numbers in billions):


June

July

August

3-month total


2009 (actual)

$7.791

$7.740

$8.131

$23.662


2010 (forecast)

$8.034

$8.069

$8.512

$24.615








"Retailing is an extremely dynamic industry, affected by powerful factors ranging from the economy to fast-moving trends," said Dr. Michael Haydock, Partner, Business Analytics and Optimization Services, IBM Global Business Services. "Analytics give retailers a window into the future that enables them to make better decisions, increase return on investment and provide customers with the products they want."

In producing the forecast, IBM uses economic data gathered by the U.S. Census Bureau. The data is derived from a survey of retail establishments engaged in electronics and appliances as their major line of business. Products include TVs, cell phones, personal computers and tablet computers, radios and stereos, refrigerators, dishwashers, ovens, and other devices.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter