The race to the pricing bottom in the Ultra HD TV market is accelerating. Sears just announced some eye-opening Thanksgiving and Black Friday deals on what it calls 4K HDTVs (and what the Consumer Electronics Association calls Ultra HD TVs).
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?
Seiki Digital announced Monday that it has begun to ship its 55-inch 4K TV for sale at Sears locations.
Sears has announced that it is debuting a new look for its Sears Home Appliance showrooms. The new concept will include a new merchandising layout, and more space for cooktops, laundry and other products.
Vance Pflanz is not only a premier purveyor in Sioux City, Iowa, of the immersive home entertainment experience. He and Pflanz Electronics, the business he has built as its president, are products of total immersion in the CE trade.
In its attempt to reverse two years of losses and a six-year sales slump, Sears is going all in online. The company's new mantra is "integrated retail," a phrase uttered over and over again last week by Chief Executive Eddie Lampert as he addressed "unacceptable" losses and a plan to turn things around. The idea is to stitch together closely sales on the Internet and mobile devices with those in bricks-and-mortar stores. Lampert said Sears is doing this by shrinking shipping times, inviting online customers to pick up goods at its stores
It was another ugly quarter for Sears Holdings Corp.
The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales.
It also announced that it is considering selling its protection-agreement business in an ongoing effort to raise cash as it struggles to reverse its fortunes. The unit runs the part of the business that sells customers service contracts that guarantee to fix or replace appliances if they break within a certain timeframe.
For those financially strapped shoppers who can't wait for layaway, Sears has another option. Sears Holdings Corp. is launching a program at its namesake department stores that will allow shoppers unable to qualify for credit to lease such big purchases as electronics, home appliances, furniture and mattresses.
The program, which was tested last September in 10 stores, is being rolled out to all 900 stores starting this week. Sears is launching the program with leasing service WhyNotLeaseIt.
Contrary to reports on marketnews.ca and elsewhere on Thursday, Sears Canada is not exiting consumer electronics and window coverings, according to the company's V.P. of Corporate Affairs & Communications. In an exclusive interview Friday afternoon, Marketnews was informed of this by Vincent Power. "I hope to be speaking with you again about electronics for Black Friday, in November," says Power.
He strongly affirmed that Sears Canada stores are still very much in CE retailing. "One or two smaller stores are out of it," he states, "and in all stores it is reduced.