A court has given the okay for a lawsuit against Best Buy to proceed, which alleges that the CE retail giant schemed to avoid advertised price-matching guarantees.
News from the world of electronics retail crime
LG, Sharp Announce LCD Prices Following suit with what is one of the sharpest trends in 2006, LG and Sharp announce that overproduction and cost reductions will cause LCD prices to fall by 20 to 30 percent by 2007. At the IFA Consumer Electronics show in Berlin, head of global marketing for LG’s display division Young Chan Kim told reporters, “Last year we saw about 30 percent of price reductions for plasma and a little bit more for LCD. Next year, in 2007, we expect about the same.” Sharp President Katsuhiko Machido placed the number closer to 20 percent in an interview with Reuters, adding,