Most retailers have a few dozen outlets where they offer a wide variety of electronics, but most have one or two outlets with the most affordable prices, according to a new report by research firm Mintel.
That’s because most retailers are small and don’t have a strong presence in the country, said Michael Haggerty, chief technology officer at Mintel’s consumer insights division.
He said the study found that nearly all of the discount electronics stores have one- to two-day sales, so they are typically well stocked.
But some are more popular than others.
For example, Staples, Best Buy, and Home Depot have a huge presence in California, so many of the electronics outlets in the state offer the best deals on items like tablets and laptops, but they don’t offer a huge selection of gadgets, according the report.
Mintel, a global market intelligence company, conducted a survey of more than 400 U.S. retail stores, including Target, Walmart, Costco, and JCPenney, and found that most of the stores had about 10 or fewer stores where they offered a variety of electronic goods.
But the majority of the retailers in the survey also had several outlets that offer a mix of electronics and other goods, according, according Mintel CEO Tom Zissou.
The retailers with the lowest prices were those with fewer than 10 stores.
“A lot of these retailers are very low-margin, and it’s a small percentage of the overall retail population,” Zissoub said.
The survey found that the discount retailers in most states had average sales of about $10 per customer per day, with prices ranging from $7.50 to $30.
Most of the other stores had average prices of $30 to $60 per customer, with sales averaging between $50 and $60.
In some cases, the average price of the retailer was less than $30 per customer.
The study also found that a small number of discount electronics retailers in Florida, Pennsylvania, Ohio, Texas, and New York had average store sales of $50 to more than $100 per customer every day, and the average store price was less $50.
The stores with the highest average sales were those in California and the District of Columbia, which have higher percentages of Hispanics and non-whites.
“I think these are places where people would go and shop,” Zessoub said of the states with the largest number of retailers in his survey.
“We think that they are the best places to shop.”
The report comes as retailers have been battling with the rising costs of electronics.
In the fourth quarter of last year, Target and Best Buy reported their first-quarter profit falls, and Wal-Mart and Kohl’s have seen sales drop more than 25 percent.
The companies said the lower-than-expected results have been partially offset by an increase in sales of its e-commerce business, which has helped offset the drop in Target and Walgreens’ margins.
Wal-mart has reported sales of more $1.1 billion in the past quarter, but that has come at a time when Wal-greens has been losing money and has lost its share of the e-store business.
The company has said that it will increase spending to stay competitive.
Walmart reported that sales in the fourth and third quarters of 2017 fell short of expectations.
Haggerty said retailers that offer discounted electronics often have fewer outlets, so that means they are better able to get the most value out of the products that they have.
“These are places that you would think would have more stock, but actually have a lower inventory,” he said.
“So you’re getting a lower price.”
Zissouns report also found a number of other findings about the best-priced electronics stores.
Most are clustered in areas with low population density, which helps them sell at low prices, he said, as well as in cities with high concentration of affluent families and businesses.
The report also looked at whether some discount electronics outlets are the largest.
“In some cases the smaller stores may be the best, or even the only, places to buy electronics,” he added.