Toshiba Corp., Sharp Corp. and at least 13 other makers of liquid-crystal displays were sued by retailer P.C. Richard & Son Inc. over claims they conspired to fix prices. Beginning about 1996, the companies “met in person or communicated by other means to agree on LCD product prices and the amount of LCD products each would produce,” according to the complaint filed today in federal court in Brooklyn, New York.
Three online retailers have agreed to pay more than $400,000 in total penalties to settle Federal Trade Commission (FTC) charges that they failed to post EnergyGuide information on their websites to inform consumers about the energy use of major home appliances they sell.
The agency also notified two other online sellers that it will seek a total of $640,000 in fines from them.
At International CES last week, Monster Cable hosted its annual Monster Retailer Awards event, and handed out trophies to several top companies in the CE business. The Long Island-based retailer P.C. Richard was the big winner, getting the “Gold” award for Most Monsterous Dealer of the Year, while also being named Most Monsterous Power Retailer. Other notable winners included the British company Comet (Global Gold Award), HDMI Licensing (Monster Partnership Awards), Sixth Avenue Electronics (Most Monstrous A/V Independent Specialist Chain), D&H Distributing (Most Monsterous Domestic Distributor), and Jason D. Skolnick of Sixth Avenue (Most Monstrous Retail Salesperson.) Monster described the criteria for
The New York-area cable giant Cablevision this week announced a unique deal with local electronics retailer P.C. Richard and Son in which those purchasing HDTVs and other products at P.C. Richard stores will be given a chance to sign up for Cablevision’s Optimum triple play services, which include iO digital cable, high-speed internet and phone service. In addition, Cablevision will provide its digital cable service to 35 of the stores themselves.
Hueberger Leaves PRO, Workman Moves in PRO Group President/COO/Executive Director Roger Hueberger announces that he will be leaving the buying group after serving for 11 years. According to the PRO Group and Hueberger, a failure to come to agreeable terms on a new contract was cited as the reason for his departure. “I loved my 11 years at PRO, but both parties couldn’t agree on terms,” says Hueberger, noting that talks over his contract have been rocky for several months. “This wasn’t a big surprise; this started last summer.” Hueberger was made director of PRO Group in 1994, and in 1996 was promoted to chief operating officer.
FEBRUARY Hueberger Leaves PRO, Workman Moves in PRO Group President/COO/Executive Director Roger Hueberger announces that he will be leaving the buying group after serving for 11 years. According to the PRO Group and Hueberger, a failure to come to agreeable terms on a new contract was cited as the reason for his departure. “I loved my 11 years at PRO, but both parties couldn’t agree on terms,” says Hueberger, noting that talks over his contract have been rocky for several months. “This wasn’t a big surprise; this started last summer.” Hueberger was made director of PRO Group in 1994, and in 1996 was
Don’t roll the closing credits for “the neighborhood electronics store” yet. Plenty of small-in-size but rich-in-history retail operations are still going strong in 2006. Case in point: Cuba TV, run by Miguel Alfonso and the Alfonso family on Summit Avenue in Union City, N.J. Though they are surrounded by fierce competitors like P.C. Richards and Circuit City, the Anfonso’s have held fast as a community institution for nearly 35 years. “We are almost like a barber shop,” says Alfonso. “One guy comes in for a battery and stands there and starts talking and then some other customers come in and join the conversation.
At the CEA Fall Forum in San Francisco a notable list of CE veterans and inventors were inducted into the organization’s Hall of Fame. On the list from the retail community was John Roach, a longtime employee of Tandy Corportation who was responsible for bringing personal computing to retail with the TRS-80 PC, which began selling at RadioShack stores in 1977. He was instrumental in helping to promote the personal computer to the consumer market and in 1981 became one of the youngest CEOs in the country. In 1982, he was appointed Chairman of Tandy. He retired from the company in 1999. Also honored
It’s no surprise to any retailer that the hey day of DVD is over. With $30 DVD players selling in aisle five of the grocery store, DVD has fast become a low-margin, commodity product. So it makes sense for retailers to hail the coming of high definition DVD—HD DVD or Blu-ray—as a boost to better margins. But the sale of these players may not be so easy. Incompatible formats, digital copy protection limitations and consumer unawareness all contribute to this category’s status as a hard sell. But with HD DVD now ready to ship, retailers will have to develop a strategy. Dealerscope interviewed some
Most consumers know what to expect when they go store-hopping on a quest for a new appliance—row upon row of large white, chrome and obsidian boxes gleaming like some sort of post-modern Stonehenge under the relentless glow of fluorescent lighting. While this is a time-honored method for displaying large items like dishwashers, stoves and washing machines, it doesn't exactly replicate the products' intended final destination—the consumers' home. In fact, some shoppers are overwhelmed by the prospect of choosing their next major purchase in this kind of environment. However, other consumers are diametric opposites, preferring to see a wide variety of products in one location