Best Buy Making Play for Outdoor Grill, Accessory Market
StarTribune | June 15, 2021
Best Buy predicts consumers continuing to invest in their homes, including their backyards. The retailer now offers an expanded variety of grills. Outdoor offerings from Traeger, Weber and Ooni are already available in select stores and online. The retailer will soon be carrying more fire tables, more outdoor heaters such as those from Solo Stove, and outdoor furniture.
The outdoor grill/oven market is expected to grow to $6.5 billion by 2025, according to Grand View Research. Outdoor furniture and accessories market is expected to grow to $18 billion in 2025.
Also, as consumers gear up for trips now that restrictions have been mostly lifted, Best Buy debuts a new collection of travel and everyday gear from Tumi, which makes higher-end backpacks, luggage and other bags. The 75-item collection will include Tumi's new eSports bags.
"It has become evident throughout the pandemic that technology is even more important to people's lives, and we are excited about what that means for our business going forward," Best Buy Chief Executive, Corie Barry shared.