Consumer Electronics & Appliances Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/1/2018
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), the CECONOMY-owned Media Markt and Saturn brands (Germany), and Yamada Denki (Japan).

Global sales of consumer technology products were projected to reach about $930 billion in 2017, down from $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 40,500 stores with combined annual revenue of about $97 billion.

COMPETITIVE LANDSCAPE

The competitive landscape for US consumer electronics (CE) retailers has changed dramatically over the past decade amid rapidly evolving technology and the growth of e-commerce. Of the 2006 Top 100 CE retailers, some 20% are no longer in business, including Circuit City, which ranked third at the time. Others, including market leader Best Buy, have struggled. Video game seller GameStop is closing stores and has put itself up for sale after a shift to digital downloads and streaming led to a steep decline in store sales. While Best Buy remains the nation’s top consumer electronics ...

 
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