New Age Electronics Inc. was recently named Vendor of the Year for 2004 by Conn's, Inc., a specialty retailer of home appliances and consumer electronics with more than 50 locations in Texas and Louisiana. According to a press release issued by New Age, the Carson, Calif., outsourcing company secured the award as a result of its driven sales, well-managed logistics and its work with manufacturer partners to facilitate the implementation of marketing programs to suit the specific needs of the business. Splitting the award this year is manufacturer Hewlett-Packard. "It is truly an honor to be recognized by Conn's as 2004 Co-Vendor of the Year,"
This week, JVC Americas Corporation and the U.S. Consumer Product Safety Commission (CPSC) announced the recall of 26,500 rear-projection televisions. According to the CPSC, the 52- and 61-inch units were manufactured in Mexico between May 2004 and November 2004 and sold at consumer electronic stores nationwide from July 2004 through January 2005 at a retail cost estimated between $3,000 and $5,500. The recalled televisions have the following model and serial numbers: HD-52Z575: 10980014 through 16980772 HD-52Z575: 16986471 through 16989999 HD-52Z585: 10980031 through 16981502 HD-61Z575: 10980031 through 16982712 HD-61Z585: 10980031 through 16980942 According to a report issued by the CPSC, some units
Pricing levels for tech products began to rebound in December with a three percent increase from November's record lows, according to the latest NPD Consumer Electronics Price Watch, a monthly pricing monitor from The NPD Group. Overall, consumer electronics prices for a market basket of 27 key items rose slightly from November. This, according to NPD, mirrors 2003 results, which saw prices tick up by three percent from November to December. The overall basket value for the month of December was $10,913, which, while up from November, still represented a nearly 20 percent decline from what the same basket of goods would have cost in December
Jerry Kalov, the first ever recipient of the Consumer Electronics Association's (CEA) Lifetime Achievement Award, passed away on March 1 from leukemia, CEA announces. Kalov, who most recently headed Kay Associates, a management consulting firm based in Menlo Park, California, was a long-time leader in the consumer electronics industry and a staunch CEA supporter and committed volunteer. Kalov served as chairman of CEA from 1992 to 1994. Following his chairmanship, he remained an active volunteer leader, serving as industry executive advisor, a member of CEA's executive board and its board of industry leaders. He also was a recent inductee into
The following conversation can have an overwhelmingly positive impact on retail CE sales: Retail sales staff: "Do you want that HDTV the way it comes out of the box, or would you like to see it the way we recommend it here at the store?" Customer: "What do you mean?" Sales staff: "Here, let me show you what a high-quality power cable can do with the following demonstration." It comes as no surprise that as prices of consumer electronics components continue to decline, so do related profits—that is, unless, retailers can successfully bundle higher-margin accessory products with each and every sale, making them essential to the optimum performance
ActiveLight, a distributor of displays, signage solutions and projection equipment, will distribute Optoma Technology's full line of displays and projectors beginning this month. Optoma's products are automatically covered by ActiveLight's value-added support solutions and product guarantees. ActiveLight also distributes 50 othe manufacturers, including Optoma, Barco, InFocus, NEC Technologies, Sharp and Pioneer. Brad Gleeson, president of ActiveLight, says, "We look forward to a strong partnership with Optoma, one that provides our dealers with highly-rated products." Qualified ActiveLight resellers and dealers now have access to the complete line of Optoma products through www.activelight.com, including plasma displays, and EzPro Microportable DLP Projector Series.
Home Theater Specialists of America (HTSA), the buying group for mid-size audio/video specialists, added Cambridge SoundWorks as a new member. This brings HTSA's membership to 53 retail businesses, with new members to be announced in the coming months, according to Richard Glikes, the organization's executive director. "The addition of Cambridge SoundWorks to HTSA builds on our mission to offer our vendors access to the finest and most experienced audio/video retail businesses in the country. Our strengths and weaknesses compliment one another. We will grow, learn, and prosper together," notes Glikes. Cambridge SoundWorks introduced one of the first mainstream multimedia speaker systems and table radio
Circuit City Stores, Inc., issued a statement from Chairman and CEO W. Alan McCollough about the corporate air crash that happened earlier this week. "Yesterday was a day of profound sadness as eight members of the Circuit City family and our extended family — four associates, two partners and two pilots — lost their lives in a plane crash," says McCollough. "Our first priority yesterday was to contact their families; and out of respect for their privacy, we have decided not to publicly release the names." He continues, "We have all been touched by the outpouring of sympathy from our associates, friends, the Richmond
ViewSonic has been selected as "Vendor of the Year" by Nebraska Furniture Mart (NFM) in the computer category. During its six months on the shelves, NFM notes that ViewSonic performed extraordinarily well by exceeding all expectations of the Midwest retail superstores. "The effort, performance and relationship that ViewSonic has extended to Nebraska Furniture Mart has been exceptional," lauds Jay Buchanan, electronics division director for the retailer. Nebraska Furniture Mart also honored ViewSonic's regional sales manager, Jack Neary, with the company's "Outstanding Performance Award" in the same computer category. The recognition applauds his efforts in support of ViewSonic's product offerings, which include its full-line of retail
Fujitsu General America issued a new statement that last month's announcement by its parent company, Fujitsu Limited, regarding the impending sale of assets in Fujitsu-Hitachi Plasma Inc. (FHP), will not affect Fujitsu General America's core business. Tedd Rozylowicz, president and COO of Fujitsu General America, says, "The sale of Fujitsu LTD's assets in FHP to Hitachi will have absolutely no effect on Fujitsu General America and its ability to provide finished products all over the world. First of all, the AVM technology that we use in our plasma display panels is not part of this transaction, and we have no plans to