Brick-and mortar retailers have good reason to be concerned about the future of their businesses.
It’s a tough world out there. Prices continue to drop, margins sink and competition increases. That’s what happens when desirable products, smart innovation and low prices fuel consumer demand. The thousands of people lined outside of retailers waiting to take advantage of the 40-percent price drops in LCD TVs during the holidays was enough to tell us how quickly the market is changing. It all comes from the one major challenge facing our industry: how to reap the benefits of the incredible and desirable new innovations within a market that demands ever-lower prices. But with all things this is part of the fun of
Have you bought into the buzz yet? Representatives from the Consumer Electronics Association, including myself, have been touring the country singing a song of great cheer about what looks to be a blockbuster holiday season for the electronics market. Just in case it hasn’t yet reached you, or you haven’t already begun to live the proof, we submit to you the final chorus in an already uplifting carol. The lyrics are taken right from the pages of CEA’s own market research—namely, an analysis of the overall economic climate and the results of CEA’s 13th Annual Holiday CE Purchase Patterns Survey. Both suggest a phenomenal
With all the buzz around flat panel displays coming from the media and fueled by my fellow industry analysts, you would think that consumers are interested in nothing else these days. Well perhaps there is some interest in MP3 players, but that’s about it. Some of the hype is certainly well founded, given the record setting year the display market is having as customers flock to retail in search of an upgrade to their old tube-based sets. The Consumer Electronics Association (CEA) expects shipment revenues for displays to reach over $20 billion this year, marking this the largest year in the history of TV
When you ask consumers about what they are listening to today, it’s likely you’ll get an earful about iPod and iTunes in response. That is because, for better or worse, MP3 has come to largely define a substantial portion of the audio listening habits of consumers. Some take this as an indication of the demise of the quality audio experience, and a sign of the end of days for home audio. Certainly sales data from a number of sources shows the home and car audio categories bearing the brunt of positive gains in portable audio products. But there is more to this story than