Irene Chow

If the dawning of the New Year is a time for reminiscence, 2007 will probably be a year many dealers, distributors and buying group leaders would rather forget. While leaders in the CE industry named the margin free fall and the shift to flat-panel TVs as the most significant market factors of the year, every person who was interviewed said they’ll remember 2007 for its tumultuous economy. Housing sales and prices declined while inventories increased. The subprime mortgage fiasco, the credit crunch and the rise in gas prices dogged consumer confidence. More pricing mayhem was expected on Black Friday, heralded by Wal-Mart’s early

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