Consumer electronics stores in the us industry report

WWW.IBISWORLD.COM Consumer Electronics Stores in the US September 2012 1

IBISWorld Industry Report 44311Consumer Electronics Stores in the USSeptember 2012 Justin Waterman

2 About this Industry2 Industry Definition

2 Main Activities

2 Similar Industries

3 Additional Resources

4 Industry at a Glance

5 Industry Performance5 Executive Summary

5 Key External Drivers

6 Current Performance

9 Industry Outlook

11 Industry Life Cycle

13 Products & Markets13 Supply Chain

13 Products & Services

15 Demand Determinants

16 Major Markets

17 International Trade

18 Business Locations

20 Competitive Landscape20 Market Share Concentration

20 Key Success Factors

20 Cost Structure Benchmarks

22 Basis of Competition

23 Barriers to Entry

24 Industry Globalization

25 Major Companies25 Best Buy Co. Inc.

27 RadioShack Corporation

29 Operating Conditions29 Capital Intensity

30 Technology & Systems

30 Revenue Volatility

31 Regulation & Policy

32 Industry Assistance

33 Key Statistics33 Industry Data

33 Annual Change

33 Key Ratios

34 Jargon & Glossary

www.ibisworld.com | 1-800-330-3772 | [email protected]


The primary activities of this industry areRetailing new household appliances (e.g. refrigerators, washing machines and ovens)

Retailing new personal appliances (e.g. hair dryers, curling irons and electric razors)

Retailing computers alongside other household and personal appliances

Offering repair services in conjunction with retail operations

44312 Computer Stores in the USOperators in this industry retail new computer peripherals and prepackaged computer software in addition to office equipment and supplies.

44313 Camera Stores in the USOperators in this industry sell new cameras and photographic equipment and supplies, often in conjunction with repair services and film developing.

45112 Hobby & Toy Stores in the USOperators in this industry retail new toys, games and hobby and craft supplies (except needlecraft).

45321 Office Supply Stores in the USOperators in this industry retail new stationery, school supplies and office supplies in conjunction with new office equipment, furniture and supplies.

45331 Used Goods Stores in the USOperators in this industry retail a wide assortment of used goods, including used consumer electronics.

81121 Electronic & Computer Repair Services in the USServices in this industry include repairing and maintaining consumer electronic equipment, computers and office equipment, and other electronic equipment.

Industry Definition

Main Activities

Similar Industries

About this Industry

The major products and services in this industry areAudio equipment

Computer hardware and software

Home and office equipment

Major appliances

Small electric appliances

TV and video equipment

Other


About this Industry

81141 Appliance Repair in the USServices in this industry include repairing and servicing home and garden equipment and household appliances.

45411a E-Commerce & Online Auctions in the USOperators in this industry retail consumer electronics via the internet.

45411b Mail Order in the USOperators in this industry retail consumer electronics via catalogs or mail order forms.

Similar Industriescontinued

For additional information on this industrywww.appliancemagazine.com ApplianceMagazine.com

www.ce.org Consumer Electronic Association

www.census.gov US Census Bureau

Additional Resources


% c

hang

e

4

!4

!2

0

2

1806 08 10 12 14 16Year

Per capita disposable income

SOURCE: WWW.IBISWORLD.COM

% c

hang

e

10

!10

!5

0

5

1804 06 08 10 12 14 16Year

Revenue Employment

Revenue vs. employment growth

Products and services segmentation (2012)

31%TV and video

equipment

1.5%Other

29%Major appliances

0.4%Small electric

appliances

18%Computer hardware

and software

10.2%Audio equipment

9.9%Home and office

equipment


Key Statistics Snapshot

Industry at a GlanceConsumer Electronics Stores in 2012

Industry Structure Life Cycle Stage Mature

Revenue Volatility Medium

Capital Intensity Low

Industry Assistance Low

Concentration Level Medium

Regulation Level Light

Technology Change Low

Barriers to Entry Medium

Industry Globalization Low

Competition Level Medium

Revenue

$80.9bnProfit

$2.2bnWages

$9.0bnBusinesses

39,354

Annual Growth 12-17

3.0%Annual Growth 07-12

-2.6%

Key External DriversPer capita disposable incomeConsumer sentiment indexExternal competitionNumber of households

Market Share

p. 25

p. 5

FOR ADDITIONAL STATISTICS AND TIME SERIES SEE THE APPENDIX ON PAGE 33



Key External Drivers Per capita disposable income Consumer sentiment index

Executive Summary

Industry PerformanceExecutive Summary | Key External Drivers | Current PerformanceIndustry Outlook | Life Cycle Stage


Industry Performance

Current Performance

Key External Driverscontinued

External competition

Number of households

Inde

x

100

60

70

80

90

1804 06 08 10 12 14 16Year

Consumer sentiment index


% c

hang

e

4

!4

!2

0

2

1806 08 10 12 14 16Year

Per capita disposable income



Current Performancecontinued

Electronics versus home appliances

% c

hang

e

8

!12

!8

!4

0

4

1804 06 08 10 12 14 16Year

Industry revenue




Electronics versus home appliancescontinued




External competitioncontinued

Future trends

Industry Outlook



Future trendscontinued

Electronics convergence and saturated product market


Industry PerformanceLife Cycle Stage


30

25

20

15

10

5

0

–5

–10–10 100 20–5 155 25 30

% G

row

th o

f pro

fi t/G

DP

% Growth of establishments

DeclineCrash or Grow?

Potential Hidden GemsFuture Industries

Quality GrowthHigh growth in economic importance; weaker companies close down; developed technology and markets

Time WastersHobby Industries

MaturityCompany consolidation;level of economic importance stable

Shake-out

Shake-outQuantity GrowthMany new companies; minor growth in economic importance; substantial technology change

Key Features of a Mature Industry

Revenue grows at same pace as economyCompany numbers stabilize; M&A stageEstablished technology & processesTotal market acceptance of product & brandRationalization of low margin products & brands

Computer StoresTV & Appliance Wholesaling

Electronic Part & Equipment Wholesaling

Hobby & Toy StoresConsumer Electronics Stores



Industry Life Cycle

The industry is underperforming Products, markets and technology

This industry is Mature


Products & Services

TV and video equipment

Products & MarketsSupply Chain | Products & Services | Demand DeterminantsMajor Markets | International Trade | Business Locations

KEY BUYING INDUSTRIES99 Consumers in the US

Households are the primary buyers for consumer electronics stores. Purchases are made for private use in homes, rather than resale.

KEY SELLING INDUSTRIES42362 TV & Appliance Wholesaling in the US

This industry supplies household-type electrical appliances, room air-conditioners, gas clothes dryers or household-type audio or video equipment.

42369 Electronic Part & Equipment Wholesaling in the US This industry supplies electronic parts and equipment.

52222 Auto Leasing, Loans & Sales Financing in the US This industry helps retailers finance sales.

Supply Chain

Products and services segmentation (2012)

Total $80.9bn

31%TV and video

equipment

1.5%Other

29%Major appliances

0.4%Small electric

appliances

18%Computer hardware

and software

10.2%Audio equipment

9.9%Home and office

equipment



Products & Markets

Products & Servicescontinued

Major appliances

Computer hardware and software

Audio equipment


Products & Markets

DemandDeterminants

Products & Servicescontinued

Home and office equipment

Small electric appliances


Products & Markets

DemandDeterminantscontinued

Major Markets

Consumers aged 25 to 54

Consumers aged 55 to 64

Consumers younger than 25

Major market segmentation (2012)

Total $80.9bn

39.5%Consumers aged

35 to 54

18.5%Consumers aged

55 to 64

17.3%Consumers aged

25 to 34

13.2%Consumers aged 24 and younger

11.5%Consumers aged

65 and older



Products & Markets

International Trade

Major Marketscontinued

Consumers aged 65 and over


Products & Markets

Business Locations 2012

MO2.2

West

West

West

Rocky Mountains Plains

Southwest

Southeast

New England

VT0.2

MA2.0

RI0.3

NJ3.0

DE0.3

NH0.5

CT1.1

MD1.7

DC0.1

1

5

3

7

2

6

4

8 9

Additional States (as marked on map)

AZ1.9

CA11.6

NV0.8

OR1.3

WA1.9

MT0.5

NE0.5

MN1.8

IA1.3

OH3.4 VA

2.5

FL6.6

KS1.1

CO1.9

UT1.1

ID0.7

TX7.6

OK1.3

NC2.8

AK0.2

WY0.3

TN1.8

KY1.2

GA3.0

IL4.5

ME0.5

ND0.3

WI2.0 MI

3.7 PA3.8

WV0.5

SD0.4

NM0.6

AR1.0

MS0.8

AL1.4

SC1.3

LA1.3

HI0.3

IN2.2

NY7.0 5

67

8

321

4

9


Mid- Atlantic

No. of establishments (%)

Less than 3% 3% to less than 10% 10% to less than 20% 20% or more

Great Lakes


Products & Markets

Business Locations

%

30

0

10

20

Sout

hwes

t

Wes

t

Gre

at L

akes

Mid

-Atla

ntic

New

Eng

land

Plai

ns

Rock

y M

ount

ains

Sout

heas

t

EstablishmentsPopulation

Establishments vs. population



Cost Structure Benchmarks

Profit

Key Success Factors Having a wide and expanding product range

Proximity to key markets

Ability to control stock on hand

Experienced work force

Attractive product presentation

Having links with suppliers

Market Share Concentration

Competitive LandscapeMarket Share Concentration | Key Success Factors | Cost Structure BenchmarksBasis of Competition | Barriers to Entry | Industry Globalization

Level Concentration in this industry is Medium

IBISWorld identifies 250 Key Success Factors for a business. The most important for this industry are:


Competitive Landscape

Cost Structure Benchmarkscontinued

PurchasesWages

Sector vs. Industry Costs

Profi t Wages Purchases Depreciation Marketing Rent & Utilities Other

Average Costs of all Industries in sector (2012)

Industry Costs (2012)

0

20

40

60

Perc

enta

ge o

f rev

enue

80

100 3.5

7.13.4 3.01.5

72.0

9.52.7

9.93.9 1.60.8

70.0

11.1




Basis of Competition Internal competition

Cost Structure Benchmarkscontinued

Depreciation

Other

Level & Trend Competition in this industry is Medium and the trend is Steady



Barriers to Entry

Basis of Competitioncontinued


Level & Trend Barriers to Entry in this industry are Medium and Steady

Barriers to Entry checklist LevelCompetition MediumConcentration MediumLife Cycle Stage MatureCapital Intensity LowTechnology Change LowRegulation & Policy LightIndustry Assistance Low




Industry Globalization

Barriers to Entrycontinued

Level & Trend Globalization in this industry is Low and the trend is Steady


Player Performance

Major CompaniesBest Buy Co. Inc. | RadioShack Corporation | Other Companies

46.5%Other

Best Buy Co. Inc. 47.9%

RadioShack Corporation 5.6%


Major players(Market share)

Best Buy Co. Inc. (domestic segment) – fi nancial performance

Year*Revenue

($ million) (% change)Operating Income

($ million) (% change)

2007-08 33,328 7.4 1,999 5.2

2008-09 35,070 5.2 1,758 -12.1

2009-10 37,138 5.9 2,103 19.6

2010-11 37,070 -0.2 2,054 -2.3

2011-12 37,615 1.5 1,855 -9.7

2012-13** 38,721 2.9 1,786 -3.7

*Year-end February; **EstimateSOURCE: ANNUAL REPORT AND IBISWORLD

Best Buy Co. Inc. Market share: 47.9%


Major Companies

Player Performancecontinued

Financial performance

Best Buy Co. Inc. – fi nancial performance

Year*Revenue

($ million) (% change)Operating Income


2007-08 39,892 11.4 2,185 2.2

2008-09 44,737 12.1 2,014 -7.8

2009-10 49,243 10.1 2,368 17.6

2010-11 49,747 1.0 2,374 0.3

2011-12 50,705 1.9 1,085 -54.3

2012-13** 50,523 -0.4 983 -9.4

*Year-end February; **EstimateSOURCE: ANNUAL REPORT AND IBISWORLD


Major Companies

Player Performance

Financial performance

RadioShack Corporation – fi nancial performance

YearRevenue

($ million) (% change)Net Income


2007 4,075.4 -11.0 236.8 222.6

2008 4,034.8 -1.0 189.4 -20.0

2009 4,073.6 1.0 205.2 8.3

2010 4,265.8 4.7 206.1 0.4

2011 4,378.0 2.6 72.2 -65.0

2012* 4,523.4 3.3 70.0 -3.0

*EstimateSOURCE: ANNUAL REPORT

RadioShack Corporation Market share: 5.6%


Major Companies

Other Companies

Circuit City Company Exited in 2009

Player Performancecontinued


Capital Intensity

Operating ConditionsCapital Intensity | Technology & Systems | Revenue VolatilityRegulation & Policy | Industry Assistance

Tools of the Trade: Growth Strategies for Success


Labo

r Int

ensiv

eCapital Intensive

Change in Share of the Economy

New Age EconomyRecreation, Personal Services, Health and Education. Firms benefi t from personal wealth so stable macroeconomic conditions are imperative. Brand awareness and niche labor skills are key to product differentiation.

Traditional Service EconomyWholesale and Retail. Reliant on labor rather than capital to sell goods. Functions cannot be outsourced therefore fi rms must use new technology or improve staff training to increase revenue growth.

Old EconomyAgriculture and Manufacturing. Traded goods can be produced using cheap labor abroad. To expand fi rms must merge or acquire others to exploit economies of scale, or specialize in niche, high-value products.

Investment EconomyInformation, Communications, Mining, Finance and Real Estate. To increase revenue fi rms need superior debt management, a stable macroeconomic environment and a sound investment plan.

Computer Stores TV & Appliance Wholesaling

Camera Stores

Electronic Part & Equipment Wholesaling

Hobby & Toy Stores

Consumer Electronics Stores

Capital intensity

0.5

0.0

0.1

0.2

0.3

0.4

SOURCE: WWW.IBISWORLD.COMDotted line shows a high level of capital intensity

Capital units per labor unit

Consumer Electronics

Stores

Retail TradeEconomy

Level The level of capital intensity is Low


Operating Conditions

Revenue Volatility

Technology& Systems

Capital Intensitycontinued

Level The level of Technology Change is Low

Level The level of Volatility is Medium



Regulation & Policy

Revenue Volatilitycontinued


Volatility vs GrowthRe

venu

e vo

latil

ity* (

%)

1000

100

10

1

0.1

Five year annualized revenue growth (%)–30 –10 10 30 50 70

Hazardous

Stagnant

Rollercoaster

Blue Chip

* Axis is in logarithmic scale

Consumer Electronics Stores

A higher level of revenue volatility implies greater industry risk. Volatility can negatively affect long-term strategic decisions, such as the time frame for capital investment.

When a fi rm makes poor investment decisions it may face underutilized capacity if demand suddenly falls, or capacity constraints if it rises quickly.

Level & Trend The level of Regulation is Light and the trend is Steady



Industry Assistance

Level & Trend The level of Industry Assistance is Low and the trend is Steady


Key StatisticsRevenue

($m)

Industry Value Added

($m)Establish-

ments Enterprises Employment Exports ImportsWages ($m)

Domestic Demand

Per Capita Dis-posable Income

($)2003 79,957.5 12,288.1 52,033 39,734 341,164 -- -- 9,571.1 N/A 30,4292004 84,869.9 12,683.8 52,970 40,448 374,238 -- -- 9,752.4 N/A 31,1842005 89,085.0 13,662.4 53,920 40,671 379,448 -- -- 10,440.1 N/A 31,3182006 92,724.8 14,198.2 53,208 39,844 395,646 -- -- 10,714.6 N/A 32,2772007 92,157.9 12,816.3 57,934 43,208 407,783 -- -- 9,242.6 N/A 32,7132008 87,454.6 11,321.2 55,434 41,927 402,053 -- -- 9,083.3 N/A 33,1972009 79,260.5 10,791.1 51,693 39,124 387,090 -- -- 8,648.8 N/A 32,1432010 78,330.1 11,211.3 50,886 38,777 385,824 -- -- 8,680.6 N/A 32,4462011 78,956.8 11,563.3 50,899 39,008 389,257 -- -- 8,878.7 N/A 32,5952012 80,851.7 11,791.4 51,191 39,354 392,768 -- -- 8,992.0 N/A 32,8562013 83,448.7 12,201.9 51,801 39,916 397,891 -- -- 9,245.5 N/A 33,2502014 86,914.3 12,554.3 52,215 40,259 400,700 -- -- 9,412.6 N/A 33,7822015 90,109.3 12,884.4 52,540 40,539 402,735 -- -- 9,573.1 N/A 34,4572016 92,174.3 13,174.9 52,775 40,754 403,984 -- -- 9,736.1 N/A 35,0782017 93,720.1 13,344.5 53,023 40,984 405,245 -- -- 9,802.2 N/A 35,884Sector Rank 13/63 13/63 16/63 15/63 11/63 N/A N/A 11/63 N/A N/AEconomy Rank 105/706 205/706 114/705 122/705 88/706 N/A N/A 164/706 N/A N/A

IVA/Revenue (%)

Imports/Demand

(%)Exports/Revenue

(%)

Revenue per Employee

($’000)Wages/Revenue

(%)Employees

per Est.Average Wage

($)

Share of the Economy

(%)2003 15.37 N/A N/A 234.37 11.97 6.56 28,054.25 0.102004 14.94 N/A N/A 226.78 11.49 7.07 26,059.35 0.102005 15.34 N/A N/A 234.78 11.72 7.04 27,513.91 0.112006 15.31 N/A N/A 234.36 11.56 7.44 27,081.28 0.112007 13.91 N/A N/A 226.00 10.03 7.04 22,665.49 0.102008 12.95 N/A N/A 217.52 10.39 7.25 22,592.30 0.092009 13.61 N/A N/A 204.76 10.91 7.49 22,343.12 0.082010 14.31 N/A N/A 203.02 11.08 7.58 22,498.86 0.092011 14.65 N/A N/A 202.84 11.25 7.65 22,809.35 0.092012 14.58 N/A N/A 205.85 11.12 7.67 22,893.92 0.092013 14.62 N/A N/A 209.73 11.08 7.68 23,236.26 0.092014 14.44 N/A N/A 216.91 10.83 7.67 23,490.39 0.092015 14.30 N/A N/A 223.74 10.62 7.67 23,770.22 0.092016 14.29 N/A N/A 228.16 10.56 7.65 24,100.21 0.092017 14.24 N/A N/A 231.27 10.46 7.64 24,188.33 N/ASector Rank 50/63 N/A N/A 27/63 44/63 19/63 33/63 13/63Economy Rank 636/706 N/A N/A 391/706 508/706 452/705 599/706 205/706

Figures are inflation-adjusted 2012 dollars. Rank refers to 2012 data.

Revenue (%)

Industry Value Added

(%)

Establish-ments

(%)Enterprises

(%)Employment

(%)Exports

(%)Imports

(%)Wages

(%)

Domestic Demand

(%)

Per Capita Dis-posable Income

(%)2004 6.1 3.2 1.8 1.8 9.7 N/A N/A 1.9 N/A 2.52005 5.0 7.7 1.8 0.6 1.4 N/A N/A 7.1 N/A 0.42006 4.1 3.9 -1.3 -2.0 4.3 N/A N/A 2.6 N/A 3.12007 -0.6 -9.7 8.9 8.4 3.1 N/A N/A -13.7 N/A 1.42008 -5.1 -11.7 -4.3 -3.0 -1.4 N/A N/A -1.7 N/A 1.52009 -9.4 -4.7 -6.7 -6.7 -3.7 N/A N/A -4.8 N/A -3.22010 -1.2 3.9 -1.6 -0.9 -0.3 N/A N/A 0.4 N/A 0.92011 0.8 3.1 0.0 0.6 0.9 N/A N/A 2.3 N/A 0.52012 2.4 2.0 0.6 0.9 0.9 N/A N/A 1.3 N/A 0.82013 3.2 3.5 1.2 1.4 1.3 N/A N/A 2.8 N/A 1.22014 4.2 2.9 0.8 0.9 0.7 N/A N/A 1.8 N/A 1.62015 3.7 2.6 0.6 0.7 0.5 N/A N/A 1.7 N/A 2.02016 2.3 2.3 0.4 0.5 0.3 N/A N/A 1.7 N/A 1.82017 1.7 1.3 0.5 0.6 0.3 N/A N/A 0.7 N/A 2.3Sector Rank 27/63 38/63 34/63 27/63 39/63 N/A N/A 37/63 N/A N/AEconomy Rank 360/706 430/706 404/705 315/705 387/706 N/A N/A 420/706 N/A N/A

Annual Change

Key Ratios

Industry Data



Jargon & Glossary

BARRIERS TO ENTRY Barriers to entry can be High, Medium or Low. High means new companies struggle to enter an industry, while Low means it is easy for a firm to enter an industry.CAPITAL/LABOR INTENSITY An indicator of how much capital is used in production as opposed to labor. Level is stated as High, Medium or Low. High is a ratio of less than $3 of wage costs for every $1 of depreciation; Medium is $3 – $8 of wage costs to $1 of depreciation; Low is greater than $8 of wage costs for every $1 of depreciation.CONSTANT PRICES The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using 2011 as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving only the ‘real’ growth or decline in industry metrics. The inflation adjustments in IBISWorld’s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.DOMESTIC DEMAND The use of goods and services within the US; the sum of imports and domestic production minus exports.EARNINGS BEFORE INTEREST AND TAX (EBIT) IBISWorld uses EBIT as an indicator of a company’s profitability. It is calculated as revenue minus expenses, excluding tax and interest.EMPLOYMENT The number of working proprietors, partners, permanent, part-time, temporary and casual employees, and managerial and executive employees.ENTERPRISE A division that is separately managed and keeps management accounts. The most relevant measure of the number of firms in an industry.ESTABLISHMENT The smallest type of accounting unit within an Enterprise; usually consists of one or more locations in a state or territory of the country in which it operates.EXPORTS The total sales and transfers of goods produced by an industry that are exported.IMPORTS The value of goods and services imported with the amount payable to non-residents.

INDUSTRY CONCENTRATION IBISWorld bases concentration on the top four firms. Concentration is identified as High, Medium or Low. High means the top four players account for over 70% of revenue; Medium is 40 –70% of revenue; Low is less than 40%.INDUSTRY REVENUE The total sales revenue of the industry, including sales (exclusive of excise and sales tax) of goods and services; plus transfers to other firms of the same business; plus subsidies on production; plus all other operating income from outside the firm (such as commission income, repair and service income, and rent, leasing and hiring income); plus capital work done by rental or lease. Receipts from interest royalties, dividends and the sale of fixed tangible assets are excluded.INDUSTRY VALUE ADDED The market value of goods and services produced by an industry minus the cost of goods and services used in the production process, which leaves the gross product of the industry (also called its Value Added).INTERNATIONAL TRADE The level is determined by: Exports/Revenue: Low is 0 –5%; Medium is 5 –20%; High is over 20%. Imports/Domestic Demand: Low is 0 –5%; Medium is 5 –35%; and High is over 35%.LIFE CYCLE All industries go through periods of Growth, Maturity and Decline. An average life cycle lasts 70 years. Maturity is the longest stage at 40 years with Growth and Decline at 15 years each.NON-EMPLOYING ESTABLISHMENT Businesses with no paid employment and payroll are known as non-employing establishments. These are mostly set-up by self employed individuals.VOLATILITY The level of volatility is determined by the percentage change in revenue over the past five years. Volatility levels: Very High is greater than ±20%; High Volatility is between ±10% and ±20%; Moderate Volatility is between ±3% and ±10%; and Low Volatility is less than ±3%.WAGES The gross total wages and salaries of all employees of the establishment.

Industry Jargon

IBISWorld Glossary

BIG-BOX STORE A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.BLU-RAY An optical disc format designed to display high-definition video and store large amounts of data.BRICK-AND-MORTAR A store that has a physical presence and location, as opposed to an online retailer.COMPARABLE-STORE SALES A retail measure used to assess the true performance of retail outlets by taking out the effect of new store openings and only looking at sales growth of existing stores.

POINT OF SALE (POS) A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.RADIO FREQUENCY IDENTIFICATION (RFID) A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.SMARTPHONE A mobile phone that offers advanced PC-like capabilities.WHITE GOODS Large electrical goods used domestically, such as refrigerators and washing machines, typically white in color.

Disclaimer

This product has been supplied by IBISWorld Inc. (‘IBISWorld’) solely for use by its authorized licenses strictly in accordance with their license agreements with IBISWorld. IBISWorld makes no representation to any other person with regard to the completeness or accuracy of the data or information contained herein, and it accepts no responsibility and disclaims all liability (save for liability which cannot be lawfully disclaimed) for loss or damage whatsoever suffered or incurred by any other person resulting from the use

of, or reliance upon, the data or information contained herein. Copyright in this publication is owned by IBISWorld Inc. The publication is sold on the basis that the purchaser agrees not to copy the material contained within it for other than the purchasers own purposes. In the event that the purchaser uses or quotes from the material in this publication – in papers, reports, or opinions prepared for any other person – it is agreed that it will be sourced to: IBISWorld Inc.

Identify high growth, emerging & shrinking marketsArm yourself with the latest industry intelligenceAssess competitive threats from existing & new entrantsBenchmark your performance against the competitionMake speedy market-ready, profit-maximizing decisions

Who is IBISWorld?We are strategists, analysts, researchers, and marketers. We provide answers to information-hungry, time-poor businesses. Our goal is to provide real world answers that matter to your business in our 700 US industry reports. When tough strategic, budget, sales and marketing decisions need to be made, our suite of Industry and Risk intelligence products give you deeply-researched answers quickly.

IBISWorld MembershipIBISWorld offers tailored membership packages to meet your needs.

Copyright 2012 IBISWorld Inc

www.ibisworld.com | 1800-330-3772 | [email protected]

Documents

Consumer electronics stores in the us industry report