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Retailers Getting Good Signals; High-definition TV, other gee-whiz gear give boost to electronics chains.(INDUSTRY SNAPSHOT)(CONSUMER ELECTRONICS RETAILERS)
Byline: PATRICK SEITZ
Hot new products like digital TVs, notebook computers and video games have been a real boon for consumer electronics chains.
Some retailers, such as Best Buy and GameStop, are benefiting more than others.
The consumer electronics retail sector is more competitive than ever. Weaker players have been weeded out in recent years through bankruptcy reorganization, mergers and acquisitions.
To compete with discount chains like Wal-Mart Stores and Costco Wholesale, consumer electronics specialists are offering more services, such as installation and system design. They're also increasing their mix of higher-end products, such as big screen, high-definition TVs.
1. Business
The Consumer Electronics Association expects the industry's U.S. factory sales to reach $125.7 billion this year. That's a 10.7% increase over last year's $113.5 billion.
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