Best Buy is one of the most well-known electronics stores in the country, with a revenue of $47 billion in 2020. But do you know which other stores are Best Buy’s competitors?
Well, look no further! I’m going to give you a complete list of 23 stores that are Best Buy competitors, which you might also want to check out, so read on to learn all about them!
Best Buy Competitors
Walmart, Amazon, Target, Costco, Office Depot, and Sam’s Club are the main Best Buy competitors. Wholesale retail stores offer the biggest competition to Best Buy since they can buy and sell products at discounted prices. However, Amazon has a worldwide reach that not many other companies can compete with, including Best Buy.
Do you want to know which other stores are Best Buy competitors and how they rank compared to Best Buy in terms of revenue? Read below to find out all of the impressive details!
Walmart is a leading competitor of Best Buy since it sells various electronic items, including tablets, smartphones, laptops, and desktop computers.
Additionally, Walmart sells appliances like Best Buy, although Best Buy has a much more extensive selection of electronics and appliances.
In 2020, Walmart’s revenue was $559 billion, and it has more than 11,000 stores in over 29 countries!
Furthermore, Walmart is the largest retail store in the world and one of the most well-known companies.
Target is a Best Buy competitor since it sells electronics and appliances, often at lower prices than Best Buy.
In 2020, Target’s revenue was more than $93 billion from its over 1,800 stores worldwide, including an online e-commerce website so people can shop there internationally!
Also, there are multiple electronic products and appliances sold at Target that you’d find at Best Buy, but Target offers better deals and more savings for customers compared to Best Buy.
We all know Amazon as the most prominent online e-commerce company, making Amazon a direct competitor of Best Buy.
That said, Amazon offers a variety of electronics, including the Amazon line of electronics, so that you can find great deals on all of your tech needs!
In 2020, Amazon’s net income was $21.33 billion, and it’s the most popular online retail platform for all consumer needs.
Costco is one of the biggest wholesale retailers, and it sells a variety of household appliances and electronic items, making it a more affordable competitor to Best Buy.
In 2020, Costco’s revenue was $163.22 billion, and it uses both physical warehouses and e-commerce to lure shoppers who’ve paid to become a member.
Suppose you need electronics, printing supplies, office supplies, or other similar items.
In that case, Office Depot is a go-to retailer, which makes it a competitor to Best Buy in the electronics market.
In 2020, Office Depot had revenue of .7 billion from more than 1,400 stores worldwide.
Staples is a household name for electronics and office supplies, and with more than 1,067 stores located in the United States, it’s a reliable consumer electronics company.
Additionally, Staples has over 330 stores in Canada and four stores in Brazil under the name OceanOB2B.
In 2020, Staples’ revenue was .6 billion, making it a competitor to Best Buy, although nowhere near as popular or profitable.
eBay operates worldwide and is a leading online e-commerce auction website that frequently has the newest tech gadgets and other electronic items for sale.
Furthermore, eBay is such a threat to Best Buy that Best Buy decided to create a store on eBay to compete with other retailers selling electronics!
However, since eBay is an auction website, you’re probably going to be paying more money for items you purchase than you would at Best Buy or other stores.
Ingram Micro is known as one of the most popular wholesalers of tech products.
Moreover, Ingram Micro has locations worldwide, including the United States, South America, Asia, and Europe.
That said, there are more than 120 warehouses worldwide that sell and ship the products Ingram Micro carries, making it a competitor to Best Buy for all kinds of tech products.
In 2020, Ingram Micro earned revenue of .1 billion and consistently has over 114,000 items in stock to sell to customers.
Alibaba is a famous Chinese company that’s one of the biggest e-commerce websites globally, and it opened up to allow American suppliers to use the website.
Additionally, opening up to American suppliers has brought Alibaba into competition with Best Buy for tech products.
In 2020, Alibaba’s revenue exceeded $109 billion, and it’s now available in over 200 countries!
Even though Radio Shack isn’t as big as it used to be, it still has over 500 stores and is, therefore, a direct competitor to Best Buy.
With that, Radio Shack sells many electronic items, including laptops, cameras, smartphones, desktops, and much more, to compete with Best Buy.
Furthermore, in 2020 Radio Shack’s revenue was $20 million, which was an increase from the year prior.
Dell is found in over 800 countries and is a leader in the consumer electronics market, making computers, electronic items, and various products.
In 2020, Dell’s revenue was $92.15 billion, making it one of the leading cloud storage and systems vendors.
In 2019, Apple was the fourth-largest retailer in consumer electronics, with Best Buy being ahead of it, so it’s a direct competitor to Best Buy.
Furthermore, Apple opened Apple Stores to sell its products directly instead of using other retail stores like Best Buy or Walmart.
Additionally, there are 272 Apple Stores in America and 28 in Canada, so it’s not as big as it used to be, but it’s still a competitor to Best Buy!
While most people might not think about it, Kohl’s is a competitor to Best Buy since it sells electronic items, appliances, and similar products that Best Buy does.
Additionally, Kohl’s revenue was $15.03 billion in 2020, and there are more than 1,100 stores nationwide.
Also, Kohl’s has a lot of sales throughout the year, which offers customers huge savings on electronic items like headphones, so it’s often cheaper than Best Buy.
GameStop was known as one of the go-to sources for consumer electronics in the video game market, although it has significantly declined over the last decade.
However, GameStop still operates over 4,800 stores worldwide, and it’s a place gamers would prefer to go to get their video gaming consoles and games.
In 2020, GameStop had a revenue of $6.466 billion, which is lower than what GameStop used to make annually, but it can still compete with Best Buy.
A wholesale retailer similar to Costco, Sam’s Club is a direct competitor to Best Buy since it offers all kinds of electronic items and household appliances.
Since Sam’s Club is a wholesale store, you can often get items much cheaper than you would at Best Buy. However, you must be a member to shop in the Sam’s Club stores.
Furthermore, Walmart owns Sam’s Club, and in 2020, it had a revenue of 3 billion.
With more than 600 locations in the United States, 36 stores in China, and 165 locations in Mexico, it has a decent international presence.
BJ’s Wholesale is similar to Sam’s Club and Costco in that it’s a members-only club with a vast selection of tech and electronic items to compete with Best Buy.
Additionally, there are more than 229 BJ’s Wholesale locations in the United States, helping it earn a revenue of $13.191 billion in 2020.
Lowe’s is a home improvement company that competes with Best Buy because of the household appliances it sells in over 2,200 stores in the United States.
In 2020, Lowe’s revenue was $72.148 billion, making it the second-largest home improvement retailer.
Furthermore, Lower’s has locations in Canada and has over 18 million customers a week between the United States and Canada.
Newegg is an electronics store that operates online and has a worldwide presence, with consumers buying electronics via the website.
That said, it competes directly with Best Buy in the electronics market.
Also, since Newegg has an online presence, it can reach a wider audience and be more convenient than a brick-and-mortar store!
Furthermore, you can find household gadgets, smart home devices, laptops, tablets, computers, computer parts, and almost anything else electronic you can think of at Newegg.
In 2020, Newegg’s revenue was around $2 billion, and it’s quickly becoming a go-to store for people all over the world who are into technology and electronics. Plus, it’s affordable!
In Germany, MediaMarkt is a competitor to Best Buy. But you can find it available outside of Germany because it’s huge in the e-commerce market.
Further, many electronic items are found at Mediamarkt, including video game systems, various coffee machines, small and big household appliances, and much more!
In 2020, MediaMarkt’s revenue exceeded $750 million, and it’s one of the largest e-commerce businesses.
AliExpress (Based in China)
AliExpress is based in China but offers customers worldwide a chance to purchase items from this massive e-commerce website.
It works similarly to eBay, so it allows businesses worldwide to put products up for sale, and there are thousands of electronic items available on the site.
On top of that, you can also find appliances that you can buy on this website, and Alibaba Group owns it.
While there might not be as many Sears stores in America as there used to be, it’s still a competitor to Best Buy regarding electronics and appliances.
Furthermore, Sears still managed .26 billion in revenue for 2020, which is impressive considering there are now only 32 stores left!
Overstock is a trendy e-commerce website that features many products at huge discounts. Therefore, it’s a direct competitor to Best Buy in the electronics and tech market.
In 2020, Overstock’s revenue was $1.1 billion, and that’s pretty good for a discount-overstock website that doesn’t do a lot of advertising or marketing.
Mini in the Box
Mini in the Box purchases items from Chinese wholesalers and then resells them to consumers. So, you’re getting discounted things, making it a competitor to Best Buy.
Furthermore, since it purchases wholesale products, there’s always a wide variety of products available, including electronics, gaming consoles, tablets, smartphones, and much more!
Additionally, Mini in the Box now has customers in over 50 countries and offers language support to engage the global consumer on the website.