Wal*Mart Electronics Sales Thriving
Wal*Mart’s initial foray into higher-end electronics has been a huge success, the Wall Street Journal reported Thursday.
The world’s largest retailer sold $22.6 billion in electronics in 2006 and $21 billion the year before. Those figures put Wal*Mart behind Best Buy but ahead of Circuit City, when electronics, CDs, DVDs and video games are included.
Analysts quoted by the Journal also predicted that Wal*Mart will make “significant gains” in the CE sector, with the company’s market share rising in mp3 players, iPods, and lower-market flat-panel sets.