New England Retailer Bernie's, which declared bankruptcy earlier this year but had eyed plans to reopen one store this June, will reportedly not be reopening after all, according to the Hartford Courant
Bernie's Audio Video TV Appliances has filed for Chapter 11 bankruptcy. After more than 60 years, the family-owned business has requested permission from the United States Bankruptcy Court for the District of Connecticut to conduct a going out of business sale.
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.
A fifty-eight-year-old business continues to succeed The Bernie's of 2005 is very different from the Bernie's of 1947, though they still hold some important things in common. When Milton Rosenberg's father, Bernie, started the business as a gas station in Hartford, Conn., gas stations were called service stations. Now, with 14 stores selling major appliances and consumer electronics, service is still the key element to Bernie's success. Bernie's 14 stores serve the southern New England territory of Connecticut, Massachusetts and Rhode Island. The business carries about half major appliances and half consumer electronics, plus some Serta bedding. These stores do a brisk business with
Springing Forward After Slow WinterBy Markkus RovitoORLANDO, Fla.—Most NATM Buying Corp. members and executives maintained an attitude of cautious optimism for 2001 at the group's annual meeting held last month. Although NATM Executive Director Bill Trawick called CE sales figures in January and February "not exciting," NATM expects another year of growth, with sales bouncing back in the second half of the year. (Note: After the NATM meeting, major stock indexes fell to their lowest levels in more than two years for the week ended March 16.) In order to weather the storm, NATM said its members would work on increasing efficiency in
The major appliance industry is waiting for what's left of El Niño to go away and crank up up the heat, impacting the industry's sales this summer. "I had my heat on last night," said John Oswald, vice president of Appliance Center, Maumee, OH, last month. "It's a little hard to sell refrigerators and air conditioners when it's 40 degrees." "Air conditioners have not been a driver yet," Lew Gaffen, vice president of Bernie's Audio Video TV & Appliance, said. "May was a good month, but people aren't standing in line to buy them yet." Heat and humidity are important this time of year