As we head into the New Year, regional dealers, the backbone of the CE industry, have adjusted their businesses to leverage opportunities they hope will improve sales and profits over 2013. For the full story, see page 32, where the dealers go into more detail about how they overcame last year’s challenges, the vendor initiatives that made things a bit easier, e-commerce improvements, the ongoing impact of 4K UHD TVs, and the products that helped or hindered sales and profits.
According to last year’s headlines, Best Buy was supposed to be dead by now. “5 Reasons Best Buy’s 5-Point Plan Will Fail” proclaimed Motley Fool. “Best Buy: Is This the Last Public Gasp?” queried Forbes.
AVAD said this week that it will kick off its annual Opportunity Tour, which will visit more than 20 American cities before mid-November.
Sonos certainly has its fair share of competition these days, with Samsung entering the wireless multiroom music market and Bose bowing its SoundTouch system last week. Not content to give up a bit of primacy in its arena, Sons has just introduced the Play:1 — the company’s smallest, most affordable wireless system to date.
Bose is launching a music streaming system that includes three new wireless speakers and an app for accessing and controlling music.
Starpower Home Entertainment Systems will open a new flagship showroom in North Dallas later this week, with grand opening activities taking place for the entire month of September.
Ray Dolby, founder of Dolby Laboratories and a towering figure in the development of audio in the 20th century, passed away Thursday at the age of 80.
Amar Gopal Bose, an audio engineering and entrepreneurial pioneer and founder of Bose Corp., one of the better-known brands in consumer electronics, passed away Friday at the age of 83.
Accessories are sales drivers and margin generators. But no longer are they just cases and chargers, cables and TV mounts. They are technology-enablers. That’s according to dealers, who are redefining and broadening the term by labeling as accessories products as diverse as soundbars, wireless RF headphones and even Blu-ray players.
Rocketing smartphone, tablet and large-screen TV sales and sharp increases in the numbers of available models have brought heavy demand for all flavors of cases, in-car accessories, cables and mounts. While dealers report brisk sales of accessories, they say the category has been facing margin pressures.