Dealerscope's annual registry of the top consumer electronics retailers, based on total CE retail sales.
Consumer technology sales are up. However, consumers might have a hard time finding a place to buy their gear in person.
The companies listed in Dealerscope’s registry of the Top 101 consumer technology retailers in the United States and Canada sold $283.96 billion in CT during 2018, an increase of 7.5 percent over the $264.17 billion earned the previous year. The giants remain stable. Amazon rang up $41.26 billion in CT sales this year, while the Best Buy family of companies (including Best Buy, Best Buy Canada and Pacific sales) did fine themselves: Together, they sold roughly $37.2 billion in CT products.
It’s a good bet that more and more customers will buy online or through these giants as other retailers crumble.
Where else can they shop?
Sears Holding has emerged from bankruptcy with a plan to reduce store count by a further 46.5 percent, from an end-of-2018 total of 795 Sears and Kmart outlets to 425. Toys R Us liquidated all its US stores by the end of June 2018. ShopKo filed for bankruptcy in January, and has announced plans to close more than 250 of the 363 stores open at the end of the year.
Some CT retailers hope to lure in traffic with consumer-friendlier (read: smaller) stores. Barnes and Noble, Walmart, and Target are all experimenting with smaller formats. Will it work? Who knows? But Amazon’s more than 20 percent CT sales increase indicates that, increasingly, consumers would rather click than browse.
Find out more about this year's Top 101 by downloading our free report.
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