The industry has suffered some product constraints during the last year, as vendors take a cautious approach to sales during the recession.
The CE industry has witnessed challenging times in the past, but nothing compares to what it has suffered during the last six months. The confluence of job cuts, home losses, the collapse of Wall Street and its impact on Main Street, and the frozen credit market have even the most seasoned retailers scrambling for survival.
Gary Chorman didn’t skip a beat when asked to name the best new product of the year.
Dealerscope recently spoke with Bob Cole, president of Bob & Ron's World Wide Stereo, Hatfield, Pa.; George Manlove, CEO and President, Vann's, Missoula, Mont.; Daniel Pidgeon, CFO, Starpower, Dallas; and Michael Perlman of BrandsMart USA to find out how they're dealing with the down economy.
Dealerscope recently spoke with Bob Cole, president of Bob & Ron’s World Wide Stereo, Hatfield, Pa.; George Manlove, CEO and President, Vann’s, Missoula, Mont.; and Daniel Pidgeon, Chief Financial Officer, Starpower, Dallas, to find out how they’re dealing with the down economy and credit crisis rocking the retail world. Here are some outtakes, which we hope will help other dealers in developing their survival strategies.