Best Buy Still Leads Retail Market Share; Apple Store Gaining
Best Buy's share of the U.S. specialty electronics market remains around one third, but Apple has gained into double digits for the first time. That's according to data from Euromonitor International, as cited by MarketWatch.
The top five- Best Buy, Apple, RadioShack, hhgregg and Micro Electronics- remains intact from 2009 and 2011, but Best Buy's share has slipped from 33.5 percent to 31.3 percent, with Apple jumping from 5.9 percent in 2009 to 10.8 percent in 2011 to 15 percent in 2013. RadioShack's share has dropped from 5.5 in '09 to 4.5 percent four years later.
IMCE Teams With Hisense
Ingram Micro CE said this week that it has reached a distribution agreement with Hisense USA. The deal covers the commercial and retail line of LED HDTVs, including the H6 line.
“Hisense represents the innovation and performance that IMCE continuously achieves to provide to our customers," Alexandra Harding, Director of Vendor Management for IMCE, said as part of the announcement. "The partnership between Hisense and IMCE not only strengthens the IMCE Home Theater product segment, but also solidifies IMCE as the single-source for resellers to expand and diversify their product offering with the best that the industry has to offer.”
The product will be available to through IMCE May 19.
Kaleidescape Founder Srinivasan Named CEO
Kaleidescape announced Friday that Cheena Srinivasan, a founder of the company, has been named CEO.
"Cheena has been with Kaleidescape from the beginning and I cannot think of anyone better prepared or more qualified to lead the company into the future," Michael Malcolm, founder, chairman, and former CEO of Kaleidescape, said as part of the announcement.
"His track record of driving business growth speaks for itself. We are confident that Cheena's appointment as CEO will ensure the company's continued success."
Another cofounder, Michael Malcolm, was CEO until retiring late last year; his successor, Tom Furlong, is now succeeded by Srinivasan.
LG Continues Final Four Sponsorship, With Clyde the Glide
LG Electronics, now in its fifth year sponsoring the NCAA mens' basketball tournament, will run a Do Game Day Right campaign, along with basketball legend Clyde Drexler.
Drexler will participate in tailgating, as well as providing tips for fans on how to host friends for March Madness. LG is also conducting a Locker Room Sweepstakes, where fans can win everything from LG products to a trip to the Final Four in Dallas.
"Sports offer so many great moments, whether you're playing in the game or cheering on your team with family and friends," Drexler, the former University of Houston star, said in a statement. "I love that LG is helping fans make the most out of their game day experience, and I'm pleased to share what I've learned over the years as a player, coach and commentator."
Save the Date For 2014 CE Week: June 23-27
This year's CE Week event is set for June 23-27 in New York, with the exhibit floor open June 25 and 26 at the Metropolitan.
Pavilion and Altman Buildings on W. 18th St.
The event will also feature a full conference program, at which key industry analysts, business leaders and columnists will be presenting and
discussing industry trends and offering attendees a reality check on where the industry is going and how to prepare for the ‘next big thing.’
Coming to CE Week for the first time is CE Week TV, which will comprise live streaming TV coverage of the show floor, as well as the press conferences, press events and keynotes.
For full advertising and sponsorship information, click here (PDF link.)