| FOR IMMEDIATE RELEASE For more information, contact:
Anthony Savona
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asavona@nbmedia.com TWICE RELEASES ANNUAL TOP 100 CE RETAILER REPORT
Amazon Hot on Best Buy's Heels with 25% Growth in Electronics NEW YORK, NY (May 23, 2017) — TWICE, the authority in CE news and analysis, has published its annual Top 100 Consumer Electronics Retailers Report today. This report, which has annually provided the industry with a valuable snapshot of trends and results for the past 13 years, is produced in conjunction with market research firm The Stevenson Company. This exclusive proprietary data is a must-read for everyone attached to the consumer technology and electronics retail industry, with the content being absorbed by the entire CE ecosystem — including the investment community who monitor this important sector. According to Ed Hecht, VP Group Publisher, TWICE, "The information conveyed in this report is a bellwether for the general health of the U.S. economy." Some key points from this year's report includes: - Amazon led the pack with a 25-percent increase in sales last year, although Best Buy remains No. 1 with nearly $31 billion in consumer electronics revenue.
- Total sales for the Top 100 grew 1.5 percent to a staggering $137 billion, despite a period of intense competition and contraction for retailers across all industries.
- The ten largest tech retailers alone accounted for more than 80 percent of total revenue, reflecting the powerful forces of consolidation across the consumer electronics landscape.
- Our Top 100 rankings encompass more than 90 percent of total U.S. tech sales at retail.
"Our annual Top 100 Consumer Electronics Retailers Report paints a picture of an industry in transition, and points out the previous year's winners, losers, movers, and shakers," states John Laposky, Editor in Chief of TWICE. "It is the most carefully researched and accurate report of its kind, and therefore a valuable tool for anyone who does business in the consumer technology space." "Our Top 100 Report reflects a major retail reboot as consumer shopping habits shift and the tech biz embraces a new, connected world of smart, voice-controlled devices," adds Alan Wolf, TWICE Senior Editor and manager of this project. TWICE partners with The Stevenson Company on a number of reports throughout the year, beginning with this one. Upcoming reports include: - Top 50 Major Appliance Retailers (June 5, 2017)
- Top 25 eTailers (June 19, 2017)
- Top 100 Combined (CE and Majap) (July 10, 2017)
For further analysis of the TWICE Top 100 CE Retailers Report, click here. The TWICE reports can be purchased at the NewBay Online Store as they become available. The Top 100 CE Retailers report is available now. Click here for more details and to order. About TWICE
TWICE is published by NewBay and is the leading business resource serving the consumer technology industry. With editorial coverage on all things related to consumer electronics and emerging technologies like IoT and Smart Home Connections, along with evergreen coverage on Major Appliance, TV, and Audio, TWICE is where the industry turns to put it all into perspective. Be it news, new products, and/or trends, TWICE has it covered. TWICE is also the publisher of the Official CES Daily, with our partners at CTA, producers of CES. For more information, visit http://www.twice.com. About NewBay
NewBay is positioned at the center of the world's most dynamic industries — Music, AV/Pro Audio, Consumer Electronics/Gaming, Video & Broadcast and Education. We connect and inform millions of constituents in these industries through our award-winning content, integrated media capabilities, and high-profile network-building and informative events. NewBay proudly serves some of the broadest B-to-B professional and music enthusiast communities in the world through over 35 print and digital publications, more than 35 integrated web and mobile applications, more than 60 e-newsletters, over 50 conferences and conventions, custom marketing services, and e-commerce capabilities. Find out more at http://www.newbaymedia.com. ### |
