Kay

Industry veteran Michael Kakadelis, better known as "Mike Kay," passed away Saturday at the age of 89. Kakadelis took over Manhattan retailer Lyric HiFi and Video in 1959 and remained there for 45 years.

Pricing is a tricky issue for most retailers. No one wants to lose margins, but product discounts and sales are still one the best tried and true methods for getting people into the store. But this practice and other pricing strategies may be hindered by recent U.S. Supreme Court ruling that allows manufacturers to set minimum prices. The question that remains for consumer electronics retailers is: Is this really going to matter? The ruling was laid down on June 28 in review of “Leegin Creative Leather Products, In. v. PSKS, Inc., Kay’s Kloset, Kay’s shoes,” when the country’s highest court ruled five to four

Pricing is a tricky issue for most retailers. No one wants to lose margins, but product discounts and sales are still one the best tried and true methods for getting people into the store. But this practice and other pricing strategies may be hindered by a recent U.S. Supreme Court ruling that allows manufacturers to set minimum prices. The question that remains for consumer electronics retailers is: Is this really going to matter? The ruling was laid down on June 28 in review of “Leegin Creative Leather Products, In. v. PSKS, Inc., Kay’s Kloset, Kay’s Shoes,” when the country’s highest court ruled five to

It all started with a small, independent retailer, Kay’s Kloset of Lewisville, Texas, not unlike many of the mom-and-pop CE dealers. Kay’s (known as PSKS in court documents) was a retailer of the Brighton brand of leather women’s accessories—belts, shoes, handbags, etc.—offered by Leegin Creative Leather Products. According to court transcripts, Leegin had a history of working with independents. Founded in 1991, Leegin expanded to around 5,000 retail establishments, mostly independent, and they made a point of not selling to larger retailers like Wal-Mart and Sam’s Club because it believed such retailers did not offer the kind of service their products demanded. Kay’s Kloset began selling

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