Jackie King, president of Nampa Appliance & TV, is a good example of a growing number of specialty CE and appliance dealers who are adding Facebook to their retail tool kits. With a single store in the Boise, Idaho, market, located amidst giants like Lowe’s, Home Depot and RC Willey, she has learned to leverage Facebook since creating a page last summer and building a following from a handful of “likes” to around 1,000.
Best Buy last week announced a $1 million donation to the Martin Luther King, Jr. National Memorial in Washington.
Stampede announced the appointment of Kevin Kelly, previously vice president of sales and marketing, as its president and chief operating officer. In his new role, Kelly will oversee the company’s day-to-day operations. The company says this change in the company’s senior management will enable Mark Wilkins, the company’s previous president and current CEO, to develop Stampede’s new ventures and initiatives, specifically the Chinese and Latin American markets. LG Electronics USA named John Herrington as President of its U.S. Digital Appliance Division. He has been with the company since 2001, serving as the division’s vice president of sales. Herrington succeeds Soon Kwon, who will now
By The Dealerscope Staff What's going to keep retail profitable this year? Dealerscope polled retailers and listened to retail executives of various formats and sizes to determine what practices they deemed important to their bottom line in 2002. The response, to a great extent, sent us back to basics, with a few twists. 1. Strengthen Employee Training Sales associates: your best asset or your greatest liability. The same goes for everybody else on payroll. "Probably the biggest best practice we have is a dedication to employee education," said Tweeter Home Entertainment Group CEO Jeff Stone. Every Tweeter employee, including corporate office employees, goes
CANTON, Mass."We're having fun," said Sandy Bloomberg, Tweeter etc. chairman and CEO, as he and President and COO Jeff Stone talk about their company's growth-by-acquisition transition into a coast-to-coast specialty CE chain. Backed initially by venture capital and now by public investors, Tweeter etc.'s expansion has been rapid and far reaching: Bryn Mawr Stereo & Video of King of Prussia, Pa., acquired in May 1996; HiFi Buys of Atlanta in May 1997, Home Entertainment of Texas in February 1999 and Dow Stereo/Video in San Diego in July 1999. Membership in the Progressive Retailers Organization set the stage for the deals that drove Tweeter etc.'s
Philadelphia Entrances & Exits: The Philadelphia market saw an influx of retailers into the area, which resulted in some fierce competition for consumers' business. Target added three New Jersey stores (Burlington, Turnersville and Vorhees) and two Pennsylvania stores (Springfield and Langhorne). Circuit City opened one location in Philadelphia, making its presence in the area stronger, as did Best Buy with the addition of its Northeast Philadelphia store. Office Depot and Costco opened sites in West Chester, Pa., and King of Prussia, Pa., respectively. Voorhees, N.J.'s Echelon Mall is now home to Sears. Exton, Pa., will get its own Sears store in October of this