Best Buy's global revenue has been decreasing since 2022 with the loss of around 10 billion U.S. dollars in 2024 the revenue the company generated plummeted to 41.5 billion U.S. dollars. Computing and mobile phones lead Best Buy's sales Best Buy generates almost half of its revenue from the sales of computing and mobile phones. Consumer electronics are second in line, accounting for about a third of the company's revenue. Both segments together make up nearly 75 percent of the company's revenue from domestic and international markets. Best Buy also generates revenue from appliances, entertainment, and services. The company earns the majority of its revenue from brick and mortar store sales, but also has a presence in the e-commerce market. E-commerce sales are growing Best Buy is a global retailer and developer of technology products and services. The company operates around 1,200 domestic and international outlets, with the majority of outlets located in the United States. Best Buy earns around 70 percent of its revenue from brick and mortar store sales. The number of stores and square footage in both domestic and international outlets has declined in recent years, while the company’s online revenue has grown. The growth in Best Buy’s online sales has been higher than its overall sales growth in recent years, leading to an increased share of online revenue as total revenue.

Best Buy’s sales growth has decreased the last fiscal year, from 10.3 in FY 2023 to 7.1 in FY 2024. The growth in Best Buy’s sales is mainly driven by online/e-commerce sales with the segment seeing 144.4 percent comparable online sales growth in FY 2021, up from the 17 percent in FY 2020. Best Buy’s rising online sales     The strong growth of Best Buy’s e-commerce sales in the last few years has led to an increase in the segment’s share of the company’s overall revenue. In the most recent financial year online sales made up about 33 percent of Best Buy’s revenue, a share that the company is looking to increase further in the upcoming years with the goal of gaining a higher overall market share in the U.S. e-commerce market. Today Best Buy still generates the majority of its sales from brick and mortar store sales. Best Buy stores    With over 1,000 stores in operation throughout the United States, the country is home to the majority of Best Buy stores. In line with the general decline in international stores over time , the number of Best Buy’s domestic stores has decreased, as well as their overall square footage of outlets. Closures of Best Buy’s Mobile stand-alone stores have also contributed to the company’s decreasing store count.

Best Buy's revenue in the United States has been increasing over the highlighted period, growing from around 34 billion U.S. dollars in 2012 to over 47.8 billion U.S. dollars in 2022. However, due to the economic downturn, Best Buy's revenue decreased in FY 2024, with around 40 billion U.S. dollars generated in the U.S. Of the 43 billion U.S. dollars Best Buy generated in their 2023 financial year, a vast majority of this revenue came from their sales in the United States. Rising revenue per store Best Buy's revenue per store in the United States has been increasing in recent years, although its total number of domestic and international stores has been decreasing recently. Best Buy earns the majority of its revenue from brick and mortar store sales and has a growing presence in the e-commerce market. Best Buy is compensating for a decrease in the number of retail outlets with growing online revenues and online revenues as a share of total revenue, as the company seeks to increase its share of the United States e-commerce market. Best Buy has managed to increase its online share of overall revenue to around 20 percent. A global consumer electronics retailer Best Buy is a global retailer and developer of technology products and services. The company's products include consumer electronics, mobile products, televisions, digital cameras, e-readers, appliances, and others. Its services include installing and delivering appliances, computer and gaming setup, furniture assembly, and repair services.

Best Buy's online revenue increased between FY 2018 and 2022, from a little under six billion U.S. dollars in FY 2018 to around 16.4 billion in FY 2022. However, after 2022 their revenue has been dropping and in 2025 it plummeted to 12.99 billion U.S. dollars.

Best Buy’s revenue per store and square foot in the United States fluctuated from FY 2018 to FY 2023. The company's FY 2023 revenue per store stood at around 43.76 million U.S. dollars with around 1,144 U.S. dollars in sales per square foot.

Increased revenues from less stores and square footage    

Although Best Buy’s total number of domestic and international stores have been decreasing in recent years, the company's revenue per store has been increasing. In line with fewer stores, Best Buy has also witnessed rising revenues per square foot as their overall square footage continues to decline in both domestic and international outlets.

How well can Best Buy deal with COVID-19 store impacts?   

Best Buy generates the majority of its revenue in the United States from computer, mobile phones, and consumer electronics sales. These three product categories make up almost 80 percent of Best Buy's revenue in the United States. Most consumers in the United States expect their consumption of consumer electronics to remain relatively the same despite the coronavirus outbreak, with only a small amount expecting a decrease in their consumption. Best Buy’s increasing online revenue and online revenue as a share of total revenue in recent years puts the company in the position to compensate less visits to physical stores, and therefore decreasing store sales, through the growth of e-commerce revenue.

Best Buy had a total of 901 own name stores in operation throughout the United States as of March 2024. Best Buy also operates a number of Pacific Sales stores and outlet stores, which together with their own name stores amounted to a total of 943 stores in the United States as of 2024. On a global scale, the total number of Best Buy stores has decreased in recent years.  Fewer stores but higher sales per unit    In line with decreasing stores, Best Buy’s overall square footage has declined in recent years in both domestic and international outlets. With Best Buy’s total revenue and online revenue as a share of total revenue increasing in recent years, the company’s revenue per store and square footage have also increased. Both of these metrics are currently at higher levels than in preceding financial years.  Best Buy – One of the largest CE retailers worldwide   Best Buy is one of the most well-known and valuable retailers in the United States, as well as one of the largest multi-channel consumer electronics retailers worldwide, with stores in the United States, Canada, and Mexico. The company's products include consumer electronics, mobile products, televisions, digital cameras, e-readers, and appliances. Its services include installation and delivery of appliances, computer and gaming setup, furniture assembly and repair services.

United States JR: Same-Store Sales: ES: Best Buy data was reported at 7.100 % in Apr 2018. This records a decrease from the previous number of 9.000 % for Jan 2018. United States JR: Same-Store Sales: ES: Best Buy data is updated quarterly, averaging -0.700 % from Oct 2010 (Median) to Apr 2018, with 31 observations. The data reached an all-time high of 9.000 % in Jan 2018 and a record low of -5.300 % in Apr 2012. United States JR: Same-Store Sales: ES: Best Buy data remains active status in CEIC and is reported by Redbook Research Inc.. The data is categorized under Global Database’s USA – Table US.H012: Johnson Redbook Same-Store Sales Index: Quarterly: YoY%.

United States JR: Same-Store Sales: ES: Best Buy: Best Buy US data was reported at 7.100 % in Apr 2018. This records a decrease from the previous number of 9.000 % for Jan 2018. United States JR: Same-Store Sales: ES: Best Buy: Best Buy US data is updated quarterly, averaging -0.100 % from Oct 2010 (Median) to Apr 2018, with 31 observations. The data reached an all-time high of 9.000 % in Jan 2018 and a record low of -5.500 % in Oct 2010. United States JR: Same-Store Sales: ES: Best Buy: Best Buy US data remains active status in CEIC and is reported by Redbook Research Inc.. The data is categorized under Global Database’s USA – Table US.H012: Johnson Redbook Same-Store Sales Index: Quarterly: YoY%.

Online sales as a share of Best Buy's total revenue in the United States has tremendously increased between 2019 and 2022. However, since then the share has been decreasing, dropping to 32.7 percent in revenue in 2024.

The square footage of Best Buy retail stores in the United States amounted to approximately 36.8 million square feet as of February 2024. Best Buy operates three types of retail store segments in the United States: Best Buy stores, Pacific Sales stores, and outlet stores. Best Buy had just under 1,000 stores in operation in the United States as of 2023. On a global scale, the total number of Best Buy stores has decreased in recent years. Online revenues on the rise for Best Buy    Best Buy's declining stores and square footage in both domestic and international outlets are met with increases in the company's online revenue. The company's online sales growth has been higher than its overall sales growth in recent years, and online sales as a share of total revenue have increased in recent financial years. Best Buy still earns around 80 percent of its revenue from brick and mortar store sales. Best Buy is the leading electronics retailer in the United States Best Buy is a global retailer and developer of technology products and services. The company's products include consumer electronics, mobile products, televisions, digital cameras, e-readers, appliances, and others. Its services include installation and delivery of appliances, computer and gaming setup, furniture assembly, and repair services. Best Buy is one of the most well-known and valuable retailers in the United States.

In the United States, in 2024, Best Buy's entertainment segment in the United States generated six percent of the company's U.S. revenue.Best Buy is a specialty retailer of consumer electronics which was founded by Richard M. Schulze in 1966.

In the fiscal year 2024, Best Buy invested 794 million U.S. dollars in advertising activities. A year earlier, the spending stood at 864 million, which signifies a year-on-year decrease of approximately eight percent.

As of February 2024, the Canadian region of Ontario host the highest number of Best Buy stores, the American consumer electronic retailer, with 69. British Columbia and Alerta followed, with 27 and 25 Best Buy stores, respectively.

The U.S. electronics and appliance stores had sales amounting to about 7.16 billion U.S. dollars in February 2024. Best Buy is one of the leading electronics and appliances retailers in the United States.

The retail revenue of the consumer electronics (CE) market in the United States constantly increased during the period from 2012 to 2021. Based on the projected retail sales for 2025, consumer electronics retail sales in the United States will reach 537 billion U.S. dollars. OLED TVs were forecast to generate 2.3 billion U.S. dollars in revenue in 2023. Portable gaming consoles were expected to generate 1.5 billion U.S. dollars. Retailers   The United States offers a wide range of electronics retailers, both stores and online retailers. Examples are BestBuy, which generated revenues of around 43.5 billion U.S. dollars in 2024, Walmart, Target, and the e-commerce platform Amazon. Other popular retailers in the country include Apple, Lenovo, and Dell.   Fluctuation in the U.S. consumer electronics industry   The consumer electronics industry in the United States has been increasing annually since the coronavirus pandemic hit the globe in 2020. After that, the industry grew by 12.3 percent in 2021, before fluctuating in the following years.

In 2020 Amazon still remains as the leading consumer electronics retailer in the United States, generating sales revenues in excess of 68 billion U.S. dollars. Online sales of consumer electronics are growing, but as online retailers such as Amazon begin to offer a wider range of products such as groceries, consumer electronics devices are making up a smaller and smaller portion of total ecommerce sales.

Consumer Electronics Industry

In recent years, the market, once dominated by household radios and television sets, has branched out into a massive range of different offerings. As technology advances and new devices such as smart wearables and virtual reality devices have entered the market, the consumer electronics industry has continued to grow. The smartphones bring in the largest revenue from consumer electronic sales worldwide.

Amazon, the future of retail

With net sales revenues in the hundreds of billions of U.S. dollars, Amazon has quickly become one of the world’s largest retailers. As Amazon’s retail business has become increasingly successful it has begun to diversify into manufacturing its own products such as Amazon echo speakers, as well as operating brick-and-mortar retail locations.

GOME Electrical Appliances, is one of the largest consumer electronics retailer chains in China and had 1,298 stores in China as of 2023. Another Chinese giant, GOME Electrical Appliances had 1,073 stores that year, whereas the North American consumer electronics retailer Best Buy had approximately 1,117 locations in 2024. Within the selected retailers, Best Buy led the ranking by revenue, with over 46 billion U.S. dollars in revenue in 2023. Best Buy Best Buy is an American multinational consumer electronics retailer, which also operates in Canada and Mexico. The largest share of the company’s revenue came from computing and mobile phones, followed by other consumer electronics, such as wearables, and smart home devices. Appliances, entertainment, and services are Best Buy’s other major business segments. Major consumer electronics brands Retail stores are one of the main channels where electronic products are being sold. Major companies like Sony, Panasonic, LG Electronics and Fujifilm generate billions of U.S. dollars every year. Apple topped the ranking in 2024, acquiring 381 billion U.S. dollars in sales.

As of May 2025, Grand Theft Auto V has sold over 215 million units worldwide. Published and developed by Rockstar Games and first released in 2013, GTA V is one of the best-selling video games of all time. Of the millions of units sold around the world and across all platforms, some 20 million copies were sold in 2020 alone, marking the game's best-selling year since its initial release. The enduring popularity of GTA 5 Despite being released over a decade ago, GTA 5 is still one of the most popular video games worldwide, as evidenced by the thousands of viewers of the title regularly drawn on the video streaming platform Twitch. In January 2025, Grand Theft Auto V streams on Twitch were watched by an average of 138 thousand concurrent viewers. The monthly time spent GTA V streaming content watched on Twitch amounted to approximately 101 million hours. GTA VI is looming on the horizon After over a decade on the market, millions of U.S. dollars in revenues, and regularly topping download rankings and sales charts, it is hard to argue that Grand Theft Auto 5 is Rockstar’s golden goose. However, even the best-performing cash cow eventually gets put out to pasture. In November 2023, Rockstar's president Sam Houser said the first trailer for GTA 5’s sequel, GTA 6, would come out in the beginning of December to celebrate the company's 25th anniversary. Following years of speculation, social media leaks, and gaming journalism hints, Grand Theft Auto 6 was finally and formally revealed in December 2023.Rockstar’s GTA VI Twitter posts and YouTube trailers immediately broke records in terms of likes and user engagement – on social media platform X, Houser’s pre-announcement of the official announcement gained over 1 million likes alone. Grand Theft Auto Six is scheduled to be released in 2026 for the PlayStation 5 and Xbox Series X/S.

In 2023, Ben & Jerry’s was the leading ice cream brand in the United States, based on sales of *** million U.S. dollars. As impressive as the performance of Ben & Jerry’s is, private-label products made even more sales. Taken together, these products achieved a sales value of *** billion U.S. dollars. Considering the total U.S. ice cream market generated a revenue of **** billion U.S. dollars, this is still just a scoop full even if it’s the biggest. Ice cream brands in the U.S. Brands' unit sales somewhat mirror the sales values of the sector. Private-label once again leads Ben & Jerry’s. However, the distance between branded offers and private-label products is much larger. Private-label products sold *** million units, over double Ben & Jerry’s *** million units sold. Ben & Jerry’s is number one in popularity among consumers. Leading Breyer’s and Blue Bunny in second and third place, respectively. The U.S. ice cream market Ice cream is a part of the frozen dessert category and serves as an indulgent snack for those with a sweet tooth. Ice cream comes in a large variety of styles, ranging from regular ice cream to low-fat ice cream. There are fruity and creamy options available, or a combination of both. In recent years, lactose-free and sugar-reduced options have also become a mainstay of the industry. The retail price of ice cream products such as pre-pack, bulk, and regular ice cream has recently reached new heights. Prices have doubled compared to 1995 values. Still, consumers eat about **** kilograms of ice cream annually.

The timeline shows data on vinyl record sales worldwide from 1997 to 2015. In 2005, vinyl records generated 35 million U.S. dollars in sales, a figure which increased more than tenfold to 416 million U.S. dollars in 2015. Data for vinyl album sales in the United States can be found here. Vinyls have experienced a resurgence in recent years and a total of over 13 million units were sold in the United States in 2016, up from just 2.8 million in 2010.

Vinyl record sales worldwide – additional information

Introduced to the consumer market in 1948, vinyl records, also known as LP (Long Play), are an analog medium to store and play music. The vinyl record dominated the music industry from the 1950s until 1990s, when sales started to consistently drop. After being nearly extinguished thanks to the popularity of digital music services, vinyl records have made a comeback in the music industry. LP sales have seen an unprecedented growth in the last few years, as global revenue of vinyl sales increased from 34 million U.S. dollars in 2006 to 416 million U.S. dollars in 2015, the highest figure to-date. The United States is, by far, the leading vinyl record selling market. Germany, United Kingdom, Japan and France are also important markets for this particular segment. Despite sales growth, the LP market is still a niche market, accounting for a small share of the multi-billion-dollar music industry.

In line with the global trend, over 13 million vinyl albums were sold in the U.S. in 2016, a significant increase from one million units sold in 2007. Amazon is the most popular place to purchase a vinyl record in the U.S., accounting for nearly 40 percent of the market share. Best Buy is the second most popular retailer for vinyl records. Independent record stores, eBay and swap meet or flea markets are also common places American purchase LP records.

In 2016, Twenty One Pilots's “Blurryface” was the top-selling vinyl album in the United States, with 68 thousand units sold that year. David Bowie, who passed away in January 2016, claimed second spot with his "Blackstar" vinyl, followed by Adele's "25", which was the bestselling vinyl of 2015.