Consumer Electronics & Appliances Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 9/25/2017
SIC Codes: 5045, 5064, 5065, 5722, 5731, 5734, 5946
NAICS Codes: 4431
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Consumer Electronics & Appliances Stores Industry Profile

Companies in this industry sell household appliances, cameras, computers, and other electronic goods. Major companies include Best Buy, Conn’s, Fry's Electronics, GameStop, and the retail operations of Apple (all based in the US); as well as Dixons Carphone (UK), Fnac Darty (Belgium) GOME (China), METRO's Media Markt and Saturn brands (Germany), and Yamada Denki (Japan).

Global sales of consumer technology products were about $950 billion in 2016, according to the Consumer Technology Association. Global electronics sales peaked in 2013 at more than $1 trillion and have been falling ever since, due to price competition and slowing demand for smartphones, PCs, televisions, and other major products.

The US consumer electronics and appliances store industry includes about 47,000 stores with combined annual revenue of about $100 billion.

COMPETITIVE LANDSCAPE

Demand is driven by consumer spending as well as technological innovation, which entices consumers to replace or upgrade older products. Profitability for individual companies depends on the ability to generate store traffic and repeat business, as well as effective merchandising. Large companies enjoy economies of scale in purchasing and marketing. Small companies can compete effectively by offering specialized products or superior customer service. The US industry is concentrated: the 50 largest companies account for about 70% of sales.

Competitors of consumer electronics and appliances stores include discount stores, warehouse clubs, department stores, home centers and hardware stores (for appliances), internet retailers, and specialty retailers.

The competitive landscape ...

 
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