It may look like a long journey from Randy Wick’s starting point in retail to his present-day position as senior vice president of merchandising for Office Depot Inc., which boasts $17 billion in annualized sales.
The merchants listed in Dealerscope’s registry of the Top 101 CE retailers in the U.S. and Canada sold $234.75 billion in consumer electronics in 2013, an increase of only 1.13 percent over the $232.12 billion sold in 2012.
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."
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.
Black Friday is a no-holds barred, shop-til-you-drop battle royale, and it’s beginning earlier with every press release. Walmart and Toys ‘R Us were among retailers that had announced they would begin Black Friday sales Thanksgiving night. Then Sears and Kmart went more aggressive, starting their sales Friday, November 22. Sears will be open for 41 straight hours. Wait, they still have Sears stores somewhere?
A look inside the 2.6 percent projected upswing in holiday spending on technology was provided by the Consumer Electronics Association’s Shawn DuBravac, chief economist and director of research.
If only it were just the tepid economy that was driving retailers to review their advertising accounts. Then, when the economy turned, so would the fortunes of JCPenney, Kmart, Staples and others.
Sadly for struggling retailers, though, something more fundamental is at play. The nature of shopping has changed, thanks primarily to the Internet and mobile phones. Today, consumers know more about brands and prices before they enter a brick-and-mortar store, that is if they enter at all.
So, while a new brand positioning can help a retailer
In what's being reported as the result of overwhelming demand and shipment delays, Google has stopped taking orders for a certain version of the Nexus 7-its first tablet offering. The decision by Google is only affecting orders for the 16-gigabyte tablet, not the 8 gig one.
The more powerful tablet is sold out at various retail stores, including GameStop, Kmart, Sam's Club, Office Depot, Staples, B&H, and Best Buy in Canada, as reported by Mashable.
Sears Holdings said its former interim CEO Bruce Johnson has agreed to serve as chief executive and president of Sears Hometown and Outlet Stores Inc once the business is spun off from the retailer.
Johnson, who had served as interim CEO of the parent company from 2008 to early 2011, was most recently the executive vice president of the company's off-mall businesses.
In February, the operator of Sears department stores and the Kmart discount chain said that it would spin off its Sears Hometown and Outlet businesses and certain hardware stores