Consumer Electronics & Appliances Stores
Competitive Landscape
Technological innovation and the need to replace or upgrade products drive demand. 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.
Opportunities
Increased Demand for New TVs - Demand for digital TVs and associated accessories have increased significantly, due to regulations requiring the conversion of all analog TV signal transmissions to digital in...
Business Challenges
Significant Declines in Retail Prices - Retail prices for many major segments of consumer electronics products have been declining. Between 2008 and 2009, retail prices declined about 24 percent for TVs...