Batteries Plus Franchise Store Sales Continue To Climb Despite Economy

PR.com:

While the economy continues on a negative downturn, the battery retail segment remains positive – with Batteries Plus leading the charge.

Batteries Plus, the nation’s first all-battery franchise with more than 340 locations, has consistently realized increases in same store sales, and year to date has a 20 percent increase in same store sales compared to 2007. The increased same store sales figures have contributed to increased interest in the Batteries Plus franchise opportunity, particularly among candidates who are shying away from struggling concepts.

“Batteries Plus does well in any economy because the demand drivers for our business are healthy,” said Russ Reynolds, CEO of Batteries Plus. “Those demand drivers are the increased need for portable devices, and therefore portable power.”

The U.S. battery industry is estimated at $25 billion in 2008 and analysts predict even more growth for this powerful segment in years to come. Growth in the market will be driven by a healthy demand for battery powered electronic devices such as mp3 players, laptop computers and digital cameras and camcorders, as well as a shift in the product mix towards higher-priced, better performing batteries.

Logo from Batteries Plus.

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