Best Buy Competitors

To answer that question, we have to look at the top five companies in each of the different categories where Best Buy competes.

But you can find their competitors all in just one place, because I’ve made a list of all of their 23 stores in the United States.

Best Buy Competitors In 2022

Walmart is the largest retail store with an estimated $265 billion in annual sales. Amazon, Target, Costco, Office Depot, and Sam’s Club are the main competitors with an estimated $195 billion in annual sales. Wholesale stores offer the biggest competition to Best Buy since they can buy and sell products at discounted prices. However, the huge size of Amazon enables it to sell products in multiple geographic locations.

Do you want to know all of the cool stores that Best Buy Competitor’s are when compared to Best Buy and how they rank in terms of revenue? Read below to find out all of the details!

Walmart

Walmart is a leading competitor of Best Buy, since it sells many electronics items, like tablets, smartphones, laptops, and desktop computers.

However, Best Buy is slightly better than Walmart because it features more appliances like freezers, and refrigerators. Best Buy also offers electronics like Apple products and televisions.

Walmart is the biggest retailer in the world. The company had 1,123 stores in 2009 and 1,112 stores in 2003. Now there are 11,000 Walmart stores in 29 countries.

Walmart is the largest store in the world and it is known for being a well-known company.

Target

Target is a Best Buy competitor since it sells electronics and appliances–sometimes at lower prices than Best Buy.
Best Buy is a Target competitor as well.
Best Buy is a Target competitor.
Target is a competitor of Best Buy.

Target’s revenue was more than $93 billion, which is more than 3,000,000,000,000 (that’s $3 billion) dollars from its over 1,800 stores worldwide, such as an online e-commerce website so people can shop internationally.

I have seen multiple electronics products sold at Target that you’ll find at Best Buy, but Target offers better deals and more savings for customers than Best Buy.

Amazon

This rivalry may have been the result of their acquisition of Amazon.com, a former company of Amazon.

That said, Amazon offers a wide array of electronics, so that you can find a wide range of deals on all of your tech needs!

Amazon is the largest e-commerce retail platform and one of the most popular online retail platforms for all consumer needs.

Costco

Costco has a large brick-and-mortar presence and an online shopping site to make it easy to shop for its goods. Costco attracts shoppers who have paid to become members.

Office Depot

We provide such items in bulk, and will be happy to help you with a bulk purchase of any of our offered products.

I have to disagree. They may be considered as a competitor, but its not a strong one. Best Buy is the company that will handle your electronics requirements. Office Depot is a store that sells office supplies, primarily. They also sell some electronics in the electronics departments of their stores.

Office Depot reported $9.7 billion in revenue from more than 1,400 stores worldwide in 2020.

Staples

Staple company supplies household name for electronics and office supplies, and has more than 1,067 stores located in the United States.

Additionally, OceanOB2B has more than 350 stores in Canada and six stores in Brazil.

eBay

eBay is the leading online e commerce auction website that frequently has the newest technology gadgets and other electronic items for sale.

Best Buy, in order to compete with other retailers selling electronics, decided to start selling electronics on eBay.

But, since eBay is an auction website, you’re going to be paying more money for the item you purchase than you would at other stores.

Ingram Micro

They have the ability to sell the items at a much cheaper price than the original price of the item.
Ingram Micro is the best wholesaler of tech products.
It is also the top wholesaler of tech products.

Furthermore, Ingram Micro has locations all across the United States, including locations in South America, Asia, and Europe.

Ingram Micro has about 120 warehouses around the world that sell all the products that they carry, making it compete with Best Buy for all kinds of tech products.

The company earns over half of their revenue from selling products to customers. They have over 114,000 items in stock to sell to customers.

Alibaba (China)

AliBaba is one of the biggest e-commerce websites in the world. And it opened up its platform for American suppliers.

Additionally, the deal with Walmart brought Alibaba into competition with Best Buy for tech products, as Walmart started selling its own e-commerce website, known as “The Store”, as a competing platform to Alibaba’s Tmall.

Alibaba has an annual revenue of more than $109 billion and is available in more than 200 countries.

Radio Shack

In addition to being a direct competitor to Best Buy, Radio Shack is also smaller than it used to be.

It has stores all over the U.S. and Canada for customers to buy all kinds of electronic items, including laptops, cameras, smartphones, and so much more.

This would mean that the company was able to bring in $20 million even though its profit margin was down.

Dell

Dell is the leader in the consumer electronics market. It makes computers, electronic items, and various products.

Dell sells technology products which store data. In 2020, Dell’s revenue was $92 billion, making it one of the leading cloud storage and systems vendors.

Apple Store

Apple was the 4th largest electronics retailer in 2019 and the best selling phones are made by Huawei.

Another reason why Apple is having such a fast track to success is because they control the retail market.

And there are almost 100 Apple Stores in the United States and around 50 in Canada, which made it still a competitor to Best Buy!

Kohl’s

It is hard to keep track of all the companies a person works with, but for this example, you can probably tell that Kohl’s would be a competitor to Best Buy.

The company also makes a profit even though it’s owned by a foreign company.

Kohl’s has a lot of sales throughout the year, so customers can expect to see a lot of sales if they shop at Kohl’s.

GameStop

In recent years, the once-dominant video game retailer has suffered a decline in sales. GameStop is closing its flagship stores in the United States.

However, GameStop still operates over 4,800 stores worldwide, and is a perfect place for people to go with their video gaming consoles and games.

The gaming industry had a revenue of $69.8 billion and GameStop managed to reach a $6.466 billion with a revenue of $6.466 billion in 2020.

Sam’s Club

Sam’s Club competes with Costco, because it offers more electronics and household appliances than Costco does.

With Best Buy’s prices and selection, you can get a lot for less. You can also shop at Sam’s Club if you’re a member.

It has a big potential that will make it the most profitable company in the world by the end of 2020 with a revenue of $164 billion.

While it doesn’t have the same international reach that some other stores do, it does have a decent international presence.

BJ’s Wholesale

BJ’s Wholesale is similar to Best Buy in that it’s a members-only club with a vast selection of tech and electronic items to compete with Best Buy.

This company had more than a 229 locations which made it earn more than a $13.191billion of revenue in 2020.

Lowe’s

Lowes is a American home improvement chain that competes with Best Buy because of the household appliances they sell in the over 2,200 stores in the United States.

Lowe’s was second in retail sales in the U.S. in 2020, after Walmart, the No. 1 U.S. retailer.

The company has more than 18 million customers a week between the United States and Canada.

Newegg

The website has a web store that sells electronics at a low price; the company also sells electronics to consumers through pop-up stores, catalogues, and the like.

Best Buy is not the only retailer, but it is the best known.

If a website can reach a wider audience, it can deliver a better shopping experience, to the point that many prefer to buy online than at a brick and mortar store.

Furthermore, you can find all the cool stuff that goes with electronics and even a little bit about what makes it go; just check out the Electronics Buying Guide.

Newegg’s revenue was about $2 billion last year, 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!

MediaMarkt (Germany)

Well, that’s a good example of the global e-commerce business. I mean, you have a company that has a presence in multiple markets.

The big draw that will make you want to stop by Mediamarkt is the variety of electronic gadgets and appliances that you can own.

MediaMarkt’s website has two e-commerce business segments: digital sales and retail.

AliExpress (Based in China)

AliExpress is a market place where products are purchased through the internet which is the best way to purchase items on any website regardless of where they are located.

It gives people the chance to buy and sell things online and are able to do it from anywhere around the world.

Also, you’ll have appliances you can find on this website, and Alibaba Group owns it.

Sears

While at least there are still some Sears stores left in the U.S., it is still a competitor to Best Buy regarding electronics and appliances.

In addition, we are taking proactive measures to further reduce expenses and avoid bankruptcy.

Overstock

It’s a trendy e-commerce website that features many products at huge discounts. These products include electronics products and tech products. Therefore, it’s a direct competitor to Best Buy in the electronics and tech market.

Their revenue was about $1.1 billion, and that’s pretty great for a discount-overstock website that doesn’t do a ton of advertising or marketing.

Mini in the Box

The company is doing really well in the US. The same strategy will work here. They are taking backpacks, computers, etc. from the US and returning them to China. They are doing well there. So, we are going to try to replicate the success there, get into the market, and do well.

As a provider, we’re able to use our wholesale products to sell to consumers, which means that for every purchase you make, you’re buying products at a reduced price!

Additionally, Mini in the Box now has customers in more than 50 countries, and offers language support to engage the global consumer onto the website.

If you want to learn more about the Best Buy Company, you can also view our posts on Best Buy’s target market, if Best Buy is a franchise, and the Best Buy statistics & facts.

Conclusion

Amazon, Walmart, Staples, Target, and Costco are the biggest Best Buy competitors since they sell a significant amount of consumer electronics and appliances like smartphones, computers, gaming consoles, and digital cameras.

e-commerce websites like Amazon, eBay, Alibaba, Newegg, and Overstock became big players in the electronics market and directly compete with Best Buy for business.
While e-commerce sites may be a bigger threat to Best Buy, there are many other reasons that they have lost more ground to Amazon.

One of the big reasons for Best Buy’s decline is the fact that people have become more interested in mobile than in traditional technology.

MediaMarkt had a store that sold everything, and AliExpress is a great market for all kinds of products because it is a one-stop shopping site for all kinds of goods.

Stores such as Sears and GameStop are declining rapidly. Although they are still competing with Best Buy, it is not near the competition it was a decade ago.