CEA Sees Record Black Friday Weekend Online
The Consumer Electronics Association predicted that more than 100 million Americans will shop online the weekend of Black Friday, according to a report issued this week by the Consumer Electronics Association. CEA also said that 143 million Americans will shop online and off this Black Friday weekend.
According to CEA's 2014 Pre-Black Friday Report, 103.3 million Americans will shop online between Thanksgiving Day and Cyber Monday, an increase of 6.1 million shoppers from 2013. Of those shopping, three quarters plan to use mobile devices.
“Mobile use is strongly influencing the consumer’s shifting shopping patterns around Thanksgiving weekend,” Shawn DuBravac, Ph.D., chief economist for CEA, said as part of the announcement. “With the help of mobile devices, this year will be online shopping’s biggest Black Friday weekend yet and we’ll see that materialize in a number of ways.”
The top Black Friday product is tablets, followed by televisions, computers and smartphones.
Best Buy Posts $107 Million Profit
Best Buy had a standout third quarter, earning a profit of $107 million, compared with $54 million the same period in 2013.
The retailer earned $9.4 billion in revenue.
"In the third quarter, our teams delivered positive comparable sales, improved profitability and continued progress in our Renew Blue transformation," CEO Hubert Joly said as part of the earnings release.
"On the top line, while sales in the NPD-reported Consumer Electronics categories declined 0.2% , our strength in televisions, computing, and tablets versus the industry, in addition to our growth in gaming and appliances, drove a Domestic comparable sales increase of 2.4%, excluding the 80-basis point estimated benefit associated with the classification of revenue for the new mobile carrier installment billing plans. Domestic online comparable sales increased 22%.”
D&H Shares Black Friday Promotions
D&H Distributing said Wednesday that it is "working with its vendor partners to develop a roster of special promotions to help customers create competitive deals and boost revenues for Black Friday and Cyber Monday."
Microsoft, Logitech, Samsill, Pure and PC Treasures are among the participating vendors; D&H customers are asked to call (800) 340-1001 for more information.
In addition, D&H has offered its annual “Holiday Hustle” program. According to D&H, those purchasing $10,000 worth of merchandise receive an entry to win an American Express card, for a total of $250, $500, or $100. Vendors in the promotion include ASUS, Dell, HP, iHome, Intel, Kensington, Livescribe, Lenovo, Logitech, Samsill, Samsung, Sony, Targus, Toshiba and Xbox.
“We are always looking to help our dealers and resellers be as competitive as possible, and Black Friday marks a crucial turning point in the season. It’s when retailers and resellers have the opportunity to truly augment their year-end numbers if they can provide deals that will draw customers,” Jeff Davis, senior vice president of sales at D&H, said as part of the annoucement.
“D&H always works closely with its vendor partners to create promotions that will help our mutual customer base become more successful, especially during this key weekend.”
Walter Schofield Joins SVS
SVS announced that industry veteran Walter Schofield, formerly president of Meridian America and global vice president of Harman, has joined SVS as director of global sales.
Schofield, a veteran of more than 25 years in the industry, joins SVS effective immediately.
"SVS has evolved from a premium, customer-direct subwoofer manufacturer, into an established world class audio brand that sells through all different channels," Schofield said in a statement. "I'm excited to join such a vibrant, future-facing company and look forward to bringing the SVS audio experience to more happy listeners."
Apple Keeps Tablet Lead, Lenovo Emerging as Third
Apple has remained the leader in tablet market share, with Samsung till in second, while Lenovo has emerged as a strong third place contender, according to market research numbers released by ABI Research Wednesday.
Apple moved 12.3 million tablet units in the third quarter (34.3 percent), followed by Samsung (9.9 million, 27.5 percent) and Lenovo (3 million, 8.4 percent.) Because Apple announced new iPad models in October, it is expected to increase its market share in the coming months.
“The pieces have been set for the end-of-year holiday 2014 tablet market chess match,” senior practice director Jeff Orr said as part of the announcement.
“The advanced mature markets will once again be where the Apple vs. Samsung duel occurs, while eyes are on Lenovo in the developing markets. But don’t overlook the rest of branded tablet vendors’ ability to deliver value-based devices during this critical shopping period.”
Ibotta Teams With Best Buy on Black Friday Cash Back
Cash-saving app Ibotta announced that it will carry out a program with Best Buy this Black Friday.
"By using Ibotta on Black Friday, Best Buy customers will have an opportunity to get as much as $15 cash back on their Best Buy purchases," the companies said. "On Thanksgiving or Black Friday, consumers will receive $5 in their Ibotta account when they spend $100 or more."
"We’re proud to have built a great relationship with Best Buy and to be playing a role in their Black Friday promotional plans," Bryan Leach, CEO of Ibotta, said as part of the announcement.
“Black Friday presents the ideal opportunity for us as a company to showcase exactly how Ibotta is able to seamlessly pair with a retailer or brand to bring the very best savings to shoppers on what is already the biggest cash savings day of the year," said Bryan Leach, CEO, Ibotta.
Bose Debuts RoomMatch Loudspeakers
Bose this week announced the arrival of three new RoomMatch Utility (RMU) loudspeaker models. The new RMU206, RMU108 and RMU105 will join the established RMU208 small-format sound-reinforcement loudspeaker.
The RMU206 sports two 6-inch woofers and a 120° x 60° high-frequency waveguide. The RMU108 has one 8-inch woofer and a 90° x 60° high-frequency waveguide. And the RMU105 features a single 5-inch woofer and a 100° x 100° high-frequency horn.
The the RMU206, RMU108 and RMU105 all arrive in January.
WYNIT Distributing Salutron Wearables
WYNIT this week announced that it has reached a distribution partnership with Salutron, Inc, described as "the foremost leader in heart-rate monitoring and precise biosensing wearables."
The deal includes Salutron's LifeTrak wearable devices, including the Brite R450 and C410 series.
“LifeTrak products deliver a tremendous amount of health monitoring technology, style and a great price point” Marisa Nanni, Product Manager for WYNIT Distribution, said as part of the announcement. “Our dealers are continually looking for great wearable technology to offer their customers and LifeTrak’s products will make a great addition to their product catalogs and in-store offerings.”