The retail industry as a whole has not experienced a “normal” year since 2019, the year before the start of the COVID-19 pandemic. In the years since, lockdowns, travel restrictions, supply chain disruptions, and historically high rates of inflation have plagued the global economy.
After seeing its value sales decline in 2022, following a strong recovery in the previous year, Best Buy has committed to expanding the number of outlet (discount) stores that it operates, aiming to double its outlet store count over the course of 2023. The decision to open additional outlet stores could benefit Best Buy in several ways, and could even be indicative of a broader trend within the channel in years to come.
Over the past two years, US retailers, and appliances and electronics specialists in particular, saw demand for certain products rise and fall as economic circumstances shifted. For retailers in appliances and electronics specialists, managing inventory was a substantial challenge throughout the pandemic, as consumer demand shifted drastically.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.See All of Our Definitions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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