11/10/2023 0 Comments Parrot drone walmartWalmart is expanding its offerings of “smartphones” - the ones that surf the Web, play music, let you check email and otherwise do more than just call mom. One of the big areas of competition is in mobile electronics because consumers are increasingly used to being connected to the Internet no matter where they are. 2 Walmart and Target, which is in the next tier of retailers in terms of electronics sales, Baker said. The shutdown of electronics retailer Circuit City last year also meant there was market share available for industry leader Best Buy Co Inc BBY.N, No. “They are more of a mass market product.” “They are more of a necessity,” Baker said of high-tech electronics. electronics market to about $150 billion in 2009, said Stephen Baker, vice president of industry analysis at NPD Group. UBIQUITOUS ELECTRONICSĮven during the recession, consumers were still willing to buy televisions, computers and other electronics, helping lift the U.S. It is also set to offer Inc's AMZN.O Kindle in all of its stores on June 6, the lone bricks-and-mortar retailer to offer the top-selling product in the growing electronic-reader market. Target, meanwhile, is remodeling its electronics sections to make it easier for shoppers to buy items such as video games and cellphones, while also better displaying large, flat-panel televisions. ![]() ![]() “It doesn’t have to be the opening price point to have value.” “We are seeing a customer that is accepting of price points where there’s value at that price point,” Severson said. New products being rolled out at Walmart discount stores include televisions that can connect wirelessly to Internet movie streaming services - such as Netflix Inc NFLX.O and the Vudu service Walmart just bought - and carry un-Walmart price tags of up to $2,000, Walmart executives said on Wednesday.įor the right electronics with the right features, even customers at a retailer that competes on low price are willing to spend, Gary Severson, senior vice president of the entertainment division at Walmart said during an interview. shoppers increasingly willing to pay a premium for better products. * Walmart, Target offering more higher-end televisionsĬHICAGO, May 13 (Reuters) - Discount retail leader Wal-Mart Stores Inc WMT.N and rival Target Corp TGT.N are jazzing up their electronics aisles with pricier goods and new services to win over U.S.
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