New Jersey retailer Electronics Expo, having regained its financial footing, will open an additional high-end-brand-populated store next month in the same Union, N.J. 10,800-square-foot facility that had originally housed the chain’s second store, Leon Temiz, its CEO, told Dealerscope Thursday. The store currently operates out of a single, 19,000-square-foot facility in Wayne, N.J; the new store will hold a soft opening Nov. 6 for the vendor community and then officially open on Nov. 10.
NYNE said this week that it has added Abt Electronics, Altex Computers & Electronics, and Hudson Group’s “Tech On The Go” airport retail network as retail partners.
It’s been an eye-opening few weeks for those in the consumer electronics industry who thought that the summer of 2014 was going to be a time to take a breather before heading into Q3 and the holiday selling season.
CE Week NYC last month drew the most diverse mix of show-goers ever in its multi-year history. Dealerscope canvassed attendees from the retailing, distributing and buying group CE sectors to find out what trends and products resonated most strongly for them—and what impact the show would have on their businesses. Here’s what they had to say. (Interviews by Nancy Klosek)
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.
NYNE said last week that it has expanded its retail footprint to two more retailers: Dearden's in Southern California and AAFES.com, the website of the Army and Air Force Exchange Service. The new retailers will carry NYNE's Bluetooth Speaker Series, Alarm Series and Home Audio Series.
World Wide Stereo's president Bob Cole has joined the board of the PRO Group, the group said this week.
New Jersey retailer Electronics Expo has reached a deal to emerge from bankruptcy, with Leon Temiz owning the company, the Bergen County Record reported Thursday.