Consumer Electronics & Appliances Retail Industry Overview

Companies that retail consumer electronics and appliances including TVs, VCRs, DVD players, PCs, wireless and conventional phones, stereos and speakers, video game consoles, and various home appliances.

Summary

You might say these companies are in the technology transfer business. Consumer electronics is one of the largest and fastest-growing retail segments, reaching some $100 billion in sales. People turn to these outlets for the latest and greatest in TVs, home audio, and video games, as well as cameras, computers, telephones, and accessory items.

Full Consumer Electronics & Appliances Retail Industry Description

Transition to Digital Technology

Digital technology has revolutionized almost every segment of the electronic products industry and continues to drive the pace of new product introductions. Manufacturers have leveraged digital technology to improve picture and sound quality of products like TVs, cameras, and audio devices. Advances in digital technology are shortening product life cycles and increasing product proliferation.

Full Consumer Electronics & Appliances Retail Industry Trends

• Hello Direct, Inc.
• ABC Appliance, Inc.
• Abt Electronics, Inc.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Consumer Electronics & Appliances Retail maps to a number of NAICS codes including:

Full Consumer Electronics & Appliances Retail Industry Codes

• Consumer Electronics Association
  
• North American Retail Dealers Association
  

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