Retailing Roundup
The US economy took a severe downturn last year following the terrorist attacks of September 11, and this year has been hit by the stock market's decline in the wake of the accounting scandal–fueled collapse of Enron and WorldCom, Inc. Electronics retailers have ridden out the slump fairly well, buoyed by a consumer trend toward "cocooning," or putting their disposable income into their homes. For most retailers, the popularity of DVD and home theater has offset diminishing sales of stand-alone audio.