Consumer Electronics Industry Snapshot Magnolia HiFi
Stephen John, Vice President, Sales - Magnolia HiFi
1) How did 1998's financial turmoil affect your business?
The perception was greater than the reality. We had a very, very, very strong year--much better than expected. We looked carefully at indications that retail was turning sour on us, but on the whole, in terms of the customers, it just didn't happen. The bark was worse than the bite.