RSS

Amazon Passes Walmart As No.2 In Electronics

Retweet

amazon-boxAmazon has become the second-largest retailer of consumer electronics in the world, behind only Best Buy.

Charted by TWICE Magazine’s annual Top 100 Consumer Electronics Retailers report, comes less than 17 years after the e-tailer launched its first online tech store.

In the process, the House That Jeff Bezos Built has leapfrogged multitudes of mighty electronics merchants like Apple, Target and Sears, and arguably helped vanquish others, like Circuit City and Sony Stores.

This time around, Amazon has edged out the world’s largest retailer — Walmart — for the No.2 spot on the TWICE hit parade, relegating the discount chain to third place.

How did Amazon do it? By driving a 28.1 percent increase in U.S. consumer electronics sales last year, to $23.1 billion, using a vast arsenal of tools. They include:

*proprietary products like Fire TV streaming media devices, Fire tablets, and Kindle e-readers;

*the $99/year Amazon Prime membership program, which provides two-day and, increasingly, same-day delivery, and access to millions of songs, books, TV shows and movies, including original content; and

*perhaps most compelling, its hard-to-beat prices and customer service.
___

In contrast, Walmart’s electronics sales rose 2.6 percent last year, to $22.2 billion, and those of No.1 tech retailer Best Buy increased 3.8 percent, to $30.9 billion.

Amazon’s gains came at the expense of a retail channel that could use some TLC. Total sales for the country’s 100 largest electronics retailers — representing about three-quarters of all U.S. consumer tech sales — rose 4.3 percent last year, to $130 billion, giving Amazon a 17 percent piece of the Top 100 pie.

During the last decade, Amazon’s electronics sales have grown a chart-topping 118%.

Conor McGregor Discusses Floyd Mayweather Jr Wants 100 Million!

Retweet

Conor McGregor Discusses Issues with Zuffa/UFC and UFC 200

Retweet

This is Cute – Arabs Got Talent

Retweet

The Nice Guys – Official Trailer

Retweet

Check out this movie. Very Good! (10 out of 10)

Floyd Mayweather Says Mega-Fight With Conor McGregor Will Happen

Retweet

It’s the story that people want to come true. It’s captured the imagination and the attention of fight fans and media around the world, and despite the numerous hurdles it faces, the rumored Floyd Mayweather vs. Conor McGregor mega-fight seems to be an inevitability.

We believe!

Related Posts with Thumbnails
next page