Industry Analysis & Industry Trends
Consumer electronics stores felt the full weight of the economic downturn, as consumer confidence plummeted and customer traffic went into a downward spiral. Although growth will be modest, revenue is anticipated to pick up over the next five years due to a number of positive trends. As disposable incomes revive and business sentiment picks up, consumers will demand electronics that employ the latest technologies, such as tablet computers and mobile devices... purchase to read more
Industry Report - Industry Analysis Chapter
Consumer electronics and home appliances are heavily integrated into the daily lives of Americans. Indeed, a 2012 survey by the Consumer Electronics Association found that the average household owns about 24 different consumer electronics products and spends $1,100 annually on them. With such prevalence, the Consumer Electronics Stores industry expanded over the past couple of decades, closely in line with the growing US economy.
But, as durable goods, products sold in this industry are bought infrequently and such a purchase is often brought on with strong incentives, such as the need to replace a broken appliance or the desire to attain the latest technology or features... purchase to read more