Ryder to Manage LG Distribution in U.S.
April 19, 2005

LG Electronics USA selected Ryder to design and manage its U.S. consumer electronics and home appliance product warehousing, transportation and outbound delivery network to its channels of distribution. "LG Electronics was seeking the right supply chain solutions provider to help us manage our growth and deliver improved efficiency and customer service," says Victor Nuila, vice president of logistics at LG Electronics USA. When the multi-year contract is fully implemented, Ryder is expected to manage LG's warehousing facilities in New Jersey, California, Illinois, Georgia, Florida and Oregon, comprising nearly three million square-feet in total. Ryder will also provide value-added warehouse services and a carrier-transportation procurement solution customized for

Dot Competence-'s Bookish Relationship With Consumer
April 1, 2005

Walk a mile in their shoes? Why when you can buy a new pair online?, a household name by most accounts, has done the unthinkable. Rather than crash and burn alongside many a doomed dot-com, the e-commerce engine took a big bite out of the home shopping market. Though the company's mainstay is still media (books, CDs and DVDs) consumer electronics has been the second, most successful category added. By reaching CE shoppers online, Amazon may have forever changed the way people get their tech. Because of Amazon's notable rise, earning kudos when it debuted in 1995, plenty of offline retailers have raised

The Ultimate Boondoggle?What Happened to Ultimate Electronics?
April 1, 2005

What happened to one of the industry's foremost retailers, and where is it headed? By Joe Paone Ultimate Electronics, the Rocky Mountain retail mainstay, has seen better days. Its finances are in tatters, so much so that in January, it filed for bankruptcy protection. Its stock, once a hot commodity, is virtually worthless. It owes several of the industry's foremost vendors millions of dollars. Its boardroom and executive suites have undergone an extreme makeover, with the familiar faces of Founder Bill Pearse, President/CEO Dave Workman and numerous other executives exiting the company in the wake of a friendly bailout-cum-takeover

Best Buy Reports Increases
April 1, 2005

Best Buy Co., Inc. has reported earnings from continuing operations of $522 million, or $1.55 per diluted share, for the quarter ended Feb. 26, 2005. This represents an increase of 11 percent compared with last year's numbers for the same time period. "We had our strongest revenue gains of the quarter in February, which allowed us to post quarterly same-store sales stronger than the trend we saw in December," says Brad Anderson, vice chairman and CEO of Best Buy. "We are proud of another year of double-digit growth in our bottom line, particularly as we invest in the transformation of our company. We believe

CEDIA Issues New Membership Requirements
March 31, 2005

The Custom Electronic Design and Installation Association (CEDIA) announced the second phase of new requirements for membership that raises the affiliation standards for member companies.   Set to take effect January 31, 2006, the second phase will require all member companies to employ at least one full-time CEDIA-certified professional. Companies who qualify will be considered "full" members of the association. This ensures that CEDIA members represent the highest level of excellence in the custom electronics industry and bring a significant competitive advantage to the marketplace, according to a CEDIA press statement.   "CEDIA membership is growing tremendously, and we want to make sure we

Audiobahn Named 12-Volt of the Year
March 23, 2005

Audiobahn was awarded with the title of "12 Volt Vendor of the Year" by P&E Distributors in Tennessee. Honored for excellence in three-step distribution, product availability and profitability, Audiobahn accepted the award at P&E's 8th annual "Sho-Nuff" Open House. "Audiobahn truly deserves this honor," says P&E's Josh Eatherly. "They've consistently proven their support and reliability in the 12 volt industry in all facets of distribution. We're lucky to have them on our team."             P&E Distributors is no stranger to honors themselves. The company received SEMA's acclaimed "Warehouse Distributor of the Year" at the 2004 SEMA Show.             Audiobahn National Sales

Tech Prices Fall, Says NPD
March 22, 2005

Pricing pressure continued to let off steam in January as U.S. retail prices for consumer electronics fell one percent from December levels, according to the latest NPD Consumer Electronics Price Watch, a monthly pricing monitor from The NPD Group.    This one percent decline was the lowest drop since last July, when prices saw a comparable one percent decrease. When compared with January 2004 and 2003, prices remain far below those totals with the average selling price down 19 percent and 36 percent, respectively. The total cost of the basket of 27 electronics goods tracked by the NPD CE Price Watch is now $10,825,

HDTV Summit Focuses on Analog Cut Off
March 21, 2005

At last year's HDTV Summit, the concept of "shutting off" analog television broadcasts and selling off the spectrum wasn't exactly front and center. Although the original goal for such action was 2006, by last year's summit, the possibility of accomplishing that goal seemed remote. Speakers and panelists were resigned to 2009, 2012, 2020... some date in the distant future. Broadcasters and particularly consumers didn't nearly seem ready to say goodbye to analog. Even today, most Americans are still just learning about HDTV. Fewer still have the slightest clue about the analog shutoff, and they'll likely do a lot of complaining to their elected officials

N.E.W. Recognized By J.D. Powers And Associates
March 21, 2005

N.E.W. Customer Service Companies, Inc. (NEW), recently announced it is the first company in the service plan industry to be certified by the J.D. Power and Associates Certified Call Center Program. NEW received the renowned J.D. Power and Associates certification for providing "An Outstanding Customer Service Experience," a distinction acknowledging NEW's dedication to customer service. "This award from J.D. Power and Associates demonstrates our commitment to deliver great service on behalf of our clients, and to ultimately deliver a high level of satisfaction to consumers," says Fred Schaufeld, chairman and CEO of NEW NEW's call center operations handled more than 8.2 million telephone, e-mail and

Verbatim, Memorex Announce U3 Platform USB Flash Drives
March 21, 2005

By Erik Caplan Memorex and Verbatim Corporation recently announced they will both soon manufacture a new type of USB flash drive using the U3 platform. These drives will enable consumers to carry all of their personal computer settings, applications and data for use on any PC. The new Verbatim smart Store n' Go USB flash drives will be available worldwide this fall, as will Memorex's TravelDrives. The U3 platform includes three components. U3's hardware specification gives manufacturers the core technology to build their smart USB flash drives. The U3 software developer kit includes sample code, a standard set of application programming interfaces (APIs) and