The government may be afraid to use the “R” word but I know that for many, business has slowed since this time last year. We may not have had two quarters of shrinking national output, but many retailers have had several disappointing months, if not quarters. I’m no economist, but here are the assumptions on which you can base your forecast for the rest of this year. 1. Oil will not go back to $100 a barrel. 2. Food prices will continue to rise because of high transportation costs and flooding in the Midwest. 3. Consumer confidence is at a record low. 4.
1 1 Dell 37.43 B 36.28 B 3.17 37.43 B 36.28 B 1 N/A 1 Dell Way Round Rock, TX 78682 512-338-4400 www.dell.com Michael Dell Public, EO (MO/Web) 2 2 Best Buy 22.48 B 19.45 B 15.58 29.97 B 26.65 B 858 742 7601 Penn Ave. South Richfield, MN 55423 612-291-1000 www.bestbuy.com Bradbury H. Anderson Public, ATVM (+Web) 3 3 Wal-Mart 23.49 B 21.68 B 1.81 234.87 B 216.77 B 3,689 3,461 702 SW Eighth St. Bentonville, AR 72716 479-273-4000 www.walmartstores.com H. Lee Scott Jr. Public, MM (+Web) 4 4 Circuit City 11.93 B 10.79 B 10.56 11.93 B 10.79 B 653 631 9950 Maryland Dr. Richmond, VA 23233 804-527-4000 www.circuitcity.com Philip J. Schoonover Public, EO (+Web) 5 5 Staples 8.1 B 7.23 B 12.03 15.41 B 13.85 B 1,576 1,491 500 Staples
LG Invests and Invents to Capture Domestic and International Markets It's only been a short time since consumers in the U.S. started seeing the LG brand in products like mobile phones and large appliances. The response has been very positive, and now LG is positioned to make major pushes not only into the product categories in where already participates, but also into a broader range of consumer electronics, including plasma and LCD displays and HDTV set-top boxes. This fall, to demonstrate its commitment to the U.S. market, LG hosted several tours of its South Korea manufacturing and administration headquarters. On two separate tours,
Economic Woes Push Retailers Into Uncharted Business Territories By Laura Spinale Whether expanding into foreign climes, ferreting out new markets domestically or buffing up or scaling back operations, a plethora of North American consumer electronics retailers plotted new business courses last year. The Top 50 CE retailers listed in this year's registry rang up a whopping $109.79 billion in sales during 2002, a 7.29 percent increase over the $102.33 billion earned in 2001. But those sales didn't come easy. Count a lackluster economy as one hurdle. Shrinking sales and profits forced once-powerful retailers such as Ames, and e-tailers including 800.com, to shut their doors last year, and
Partsearch pitches the reach of its parts and accessories database to service centers and OEMs By Janet Pinkerton Partsearch Technologies spent 2002 wooing retailers to its master parts catalog of manufacturer replacement parts and accessories for in-house and consumer needs. For 2003, Partsearch Founder and President Dean Summers said, "We're focused on rolling out our service center solutions and OEM solutions." The Partsearch service center solution ties service manual information, such as illustrated parts look-ups, schematics and exploded views, to Partsearch's master parts catalog, and presents the data in an inter-active environment. J&R Music and Computer World (www.jandr.com) is the latest retailer
By David Dritsas 10/28/02—NATM Buying Corporation announced today that Queen City TV & Appliance, a Charlotte, NC retailer with eleven stores in its region, has joined the buying group, effective immediately. The addition of Queen City is part of a recruitment drive to add new retailers to the fold after the recent exits of H.H. Gregg and Sight n' Sound. But Queen City isn't necessarily new to the group. Two years ago it was counted as an affiliate member, according to William Trawick, NATM's President and Executive Director, before it was not initially invited to join, because the group was focusing on having larger retail