George Manlove, the former CEO of Vann's, has been sued by the trustee overseeing the retail chain's bankruptcy. Other defendants include former CFO Paul Nisbet and eight others.
In early January NBC Montana told you about a major appliance dealer from Washington that planned to set up shop in Missoula.
Now Fred's Appliance has officially moved to Missoula and will be opening its doors for business Monday April 15.
Monday afternoon NBC Montana met with Fred's Appliance store manager Doug Standley who tells us he's very excited for the grand opening and to see Fred's settle into the Missoula valley.
Standley tells us this will be the first Fred's Appliance in Montana. He says they've hired 14 employees so far
Montana retailer Vann's plans to file for bankruptcy, according to a news report in Missoula.
Longtime Vann's CEO George Manlove is stepping down from his position with the company, Vann's announced Friday. The company has named Jerry McConnell its new CEO.
Wringing profits from a margin-challenged category isn't a new problem for CE dealers. It recently hit a tipping point with TVs where vendors had to institute MAP and unilateral pricing policies to stem the ticket-slide tide. Tablets are just as margin-challenged, but there is no such vendor strategy on the horizon. Dealers are left on their own to extract as much profit as they can from the category.
In keeping with its unconventional and successful marketing approach, Vann's in 2010 introduced The ON Store, a high-concept CE store focused on customers' experience. To further its innovative retail strategy, The ON Store recently selected ZBD Displays to provide electronic shelf labels (ESLs) for all of the products sold in the store. "We were looking…