The merchants listed in Dealerscope’s registry of the Top 101 CE retailers in the United States and Canada sold $227.7 billion in consumer electronics in 2014, a modest 3.35 percent increase over the $220.32 billion earned the previous year. Relatively static sales, however, are not indicative of a static marketplace.
Confirming rumors from earlier in the week, Staples announced that it has agreed to purchase rival Office Depot for an equity value of $6.3 billion.
The Mobile Electronics group announced this week the arrival of a new comprehensive benefits program, a Group Purchasing Alliance Program provided by The Member Savings Program Inc.
Dealerscope magazine has named its 2015 inductees to the Dealerscope Hall of Fame.
It may look like a long journey from Randy Wick’s starting point in retail to his present-day position as senior vice president of merchandising for Office Depot Inc., which boasts $17 billion in annualized sales.
Many major retailers, including Best Buy, made headlines for announcing that they won't accept Apple Pay when it launches next Monday. One national CE retailer will, however- RadioShack.
Office Depot said this week that it has appointed Troy Rice as executive vice president of retail.
Staples is the latest major retailer to announce major store closings. The chain will close 225 North American stores by the end of next year (out of about 1,500), in an effort at cost savings.