NATM Buying Corp. announced Thursday that Gerald "Jerry" Satoren has been named its executive director.
A recall has been announced for a line of Coby 32-inch TVs. The Consumer Product Safety Commission issued the recall due to "fire and burn hazards."
Price shopping has been around as long as retailing but the practice of “showrooming”—a customer checking out products in the store and using his smartphone to search for a better deal, in some cases scanning barcodes—is a relatively new and growing trend that’s making brick-and-mortar retailers nervous.
Welcome to our annual listing of 40 leaders in the CE industry who are under 40 years old. Every year we take this time to profile the young leaders who provide the energy, enthusiasm and ideas that drive this industry forward. Make sure to see the June issue of Dealerscope for the full report.
Mickey Shorr, the 16-store mobile electronics specialty retailer owned by ABC Warehouse, is making the very best of a very bad situation.
Detroit, the city around which most Mickey Shorr stores orbit, lost a quarter of its population from 2000 to 2010, and unemployment in the Detroit-Livonia-Dearborn metro area hovers around 12.7%.
Nationwide, mobile electronics remains a tough business. After U.S. factory sales tanked 36% from 2008 to 2009, 12-volt is on the upswing, although CEA projects 2011 wholesale in-vehicle electronics revenues will total 27% less than 2008’s high.
The consumer call for higher-ticket universal remote controls in recent years should be no surprise to anyone, said Ian Geise, vice president of marketing for Audiovox Accessories. It isn’t just the rise in diversity and number of home theater components, the increase in new-TV acquisitions that preceded and has followed the mid-year DTV transition, or the bump in the gaming market.
“People couldn’t find their coffee tables any more,” he joked, in explaining the company’s decision to market its new AR-branded Xsight universal remote line to the typical electronics buyer or service subscriber who’s tired of complexity and clutter – the inevitable byproducts of multiple remotes. After being announced at the 2009 CES, the models have just reached nationwide distribution in Best Buy and regional electronics outlets including Electronics Expo, ABC Warehouse and Nebraska Furniture Mart.
GE Money announced this week that it has reached an agreement with CE and appliance retailer ABC Warehouse
Diana Ross wasn’t the only star at Monster Cables’ annual Retail Awards ceremony at this year’s CES. Dozens of the industry’s top retailers also shared the spotlight as Head Monster Noel Lee honored them for exceptional sales of Monster products during these difficult times.