Batteries Plus Experiences Record-Setting March
Nation's Largest Battery Retailer Ends First-Quarter with Record Store Signings
March 29, 2011 // Franchising.com // [HARTLAND, WI] – Batteries Plus just concluded the first-quarter of 2011 by experiencing a record month. The nation's largest and fastest growing battery retailer ended March 2011 by signing a single-month record of 32 new locations across the United States. This is on the heels of a record-setting 2010.
"Coming off of our biggest year ever in terms of new store openings, we are elated to see that our success is carrying over through 2011," said Russ Reynolds, CEO of Batteries Plus. "The battery retail segment continues to grow, which is helping lead our charge in growing across the country."
In 2010 Batteries Plus experienced unprecedented growth, opening 60 stores across the U.S., a record number of openings for the nation's first all-battery franchise.
"Based on our franchise development and existing store sales we fully expect record growth again in 2011,"said Reynolds.
The U.S. battery industry was estimated at $24 billion in 2008, and is estimated to reach $33.6 billion in 2012. Growth in the market will be driven by a healthy demand for battery powered electronic devices such as cell/smart phones, mp3 players, laptops, and digital cameras, as well as rapidly evolving technology and a product mix geared towards higher-priced, better performing batteries for a multitude of new devices on the market.
Because of the consistent demand for battery products and services, outstanding levels of support and training, and national brand recognition, Batteries Plus is recognized as one of the nation's top franchise opportunity offerings.
About Batteries Plus
Batteries Plus is the nation's largest and fastest growing battery retailer, selling more than 50 million batteries per year. Batteries Plus, designated by Inc. Magazine as the nation's fastest growing specialty retailer and ranked as the #1 Battery Franchise by both Entrepreneur Magazine and D&B AllBusiness.com, has over 450 locations in 45 states and Puerto Rico. With access to more than 30,000 types of batteries and accessories, Batteries Plus has the widest selection of batteries and related products and offers unmatched service to consumers, businesses and government entities at the national and local levels. Batteries Plus stores also feature Tech Centers equipped to design, assemble, rebuild, and test custom battery packs. Batteries Plus continues its reign as the undisputed battery retailing leader in the expanding $24 billion battery category, estimated to reach $33.6 billion in 2012. To learn more about our exciting franchise opportunities and joining the battery franchise leader please visit www.batteriesplus.com for more information.