Dealerscope News Collection
Sony has unveiled a new prototype of its "Project Morpheus" virtual reality headset, known as "Project Morpheus," and has announced that it will arrive in the first half of 2016.
Best Buy Tuesday reported a quarterly profit of $519 million, compared with $293 million the same time the year before. Best Buy also announced a capital return to shareholders, of $180 million in a one-time dividend, an increase to quarterly dividends and resumption of share repurchases.
Driving in-store traffic and sales in a hyper-competitive world is one of the biggest challenges facing brick-and-mortar retailers today. The prevalence of online shopping and showrooming has especially affected retailers who sell consumer electronics. With so many choices, both online and in-store, savvy consumers have plenty of choice when shopping around to purchase the latest consumer electronics.
Target is planning a restructuring that it will include cutting of "several thousand" jobs, according to multiple media reports Tuesday.
In the January issue of Dealerscope and the January/February issue of Technology Integrator, a paragraph about the 2015 CE Week in the Letter from the President published in both issues referenced, in error, the Consumer Electronics Association CEA ® Line Shows and a CEA ® state-of-the-industry analyst briefing as part of the CE Week mid-year conference and technology showcase. CEA ® is no longer associated with or affiliated with the production of CE Week, which in 2015 is being produced solely by NAPCO Media & MPA.
Klipsch announced that it has signed a three-year deal to become the first-ever presenting sponsor of the Rock and Roll Hall of Fame Induction Ceremony.
As of the end of last year, 22 million TVs in the U.S. were connected TV, a sharp increase from 13 million at the same time the year before. And that figure is expected to rise to 47 million by 2017.
Douglass Appliance, a BrandSource member in Danvers, Mass., won a recent drawing for a "store makeover," through BrandSource and Whirlpool Corp, BrandSource said.
Bang & Olufsen has debuted what it's calling the Love Affair Collection, to mark its 90th anniversary.