Sachs Leaving Dual

Heathrow, Fla. — Dual Electronics announced Ed Sachs, president of its sales division, is leaving at the end of the month.

Walmart: Smartphones Taking Retail Back To Its Roots

CTIA 2013 Las Vegas — Smartphones will “bring retailing back to its roots of being personal and interactive,” said Gibu Thomas, global head of mobile at Walmart during a keynote speech here at the CTIA convention.

Jennifer Lopez Extends Her Brand To Wireless Retailing

Las Vegas — Jennifer Lopez will extend her brand to wireless retailing with the launch of stores called Viva Movil by Jennifer Lopez, the entertainer announced at the CTIA convention.

The MultiCharger-X can charge and sync up to 10 iPads at once.

iLuv Ships MultiCharger-X For Enterprise

Port Washington, N.Y. — iLuv Creative Technology has begun shipping its 10-bay iPad sync and charger for a $799 suggested retail.

Capitol To Sell Toshiba 84-In. 4K LED TV

Eagan, Minn. — Capitol will be offering Toshiba’s new flagship L9300 84-inch 4K Cloud Edge LED TV for residential and commercial applications alike.

Previous Pause Next

Voting Begins For TWICE VIP Awards

Planet Audio Ships Trio Of Double-DINs

CEA Foundation Donates $50K Grant To HLAA

Retailers To Help Tornado Victims

MVNO TracFone Building Retail Stores

ZTE Attributes Sales Gains To No-Contract Segment

RockDoc Expanding Distribution To Carrier Stores

Sprint Readies Tri-Band LTE Data Devices, Phones

Industry Execs Debate Key Wireless Issues

D&H Debuts UPP, MAP Compliance Tool

More TWICE News

BLOGS Talkback

Reporter's Notebook

By: Lisa Johnston | May.20.2013

Crowd-Funding Spotlight: Bluetooth Edition

Judging by the number of pitch emails I’ More »

Viewpoint

By: Steve Smith | May.07.2013

Never Underestimate Independent Retailers

I read a blog online the other day about Best More »

Executive Insight

By: Bill Mathies | Mar.25.2013

‘Complete Experience’ Merchandising: It’s Much More Than Low Price

If you’ve read some of my previous posts More »

VIDEOS

1 / 1

Now Playing: Bill Gates 2.0

Bill Gates interviewed on CBS' 60 Minutes discusses his plans to eradicate diseases and his friendship with the late Steve Jobs.

Now Playing: CES on the Hill

CES On The Hill’ with TWICE Editor in Chief Steve Smith and guest CEA President Gary Shapiro. With a special look at products from LG Electronics, Voxx, Dish, Livio and many others.

Now Playing: Apple Computer founded 37 years ago

On April 1, 1976, Steve Jobs, Steve Wozniak and Ronald Wayne founded Apple Computer and last August, Apple became the most profitable company of all time on Wall Street.

Financial

Lowe’s Reports Higher Q1 Net Earnings, Flat Sales

Mooresville, N.C. — Lowe’s reported higher net earnings on relatively flat sales in its fiscal first quarter, ended May 3.

Target Reports Lower Earnings, Flat Sales

Minneapolis — Target reported relatively flat sales and a 28 percent drop in net earnings during its first fiscal quarter, ended May 4.

Staples Reports Lower Q1 Earnings, Sales

Framingham, Mass. — Staples reported lower sales and earnings for its fiscal first quarter.

Home Depot’s Sales, Earnings Up In Quarter

Atlanta — The Home Depot reported higher sales, comp sales and net earnings in its fiscal first quarter, ended May 5.

Best Buy Reports Q1 Loss

Minneapolis — Best Buy reported an $81 million loss for the first fiscal quarter, ended May 4, compared with year-ago profits of $158 million, as promotions and more competitive pricing took their toll.

hhgregg’s Q4 Earnings Fall 81%

Indianapolis — Weaker sales and margins, and higher taxes and costs, led to sharply lower fourth-quarter and full-year profits for hhgregg.

Wal-Mart Reports Slight Sales, Profit Increases

Bentonville, Ark. — Wal-Mart Stores reported slightly higher net sales and income for the first quarter, ended April 30.

Voxx Posts Double-Digit Fiscal Year Sales Gains

Hauppauge, N.Y. — Voxx reported a double-digit sales gain and relative flat profits in its fiscal year, ended Feb. 28.

People

Wilson Names New CEO

St. George, Utah — Wilson Electronics, a maker of cellphone signal boosters, has named Robert Van Buskirk as president/CEO and to its board.

HSNi’s CFO Schmeling Adds COO Title

St. Petersburg, Fla.- HSNi, the interactive multichannel retailer has named Judy Schmeling chief operating officer, effective immediately, and continues as chief financial officer.

Gary Bennett, Former Hitachi Exec, Dies At 64

Chino Hills, Calif. — Gary Richard Bennett, a 40-year veteran of the consumer electronics industry, passed away on Thursday, May 9, after a 13-month battle with non-Hodgkin’s lymphoma.

Audio America Taps SED’s Elster For CEO

Jupiter, Fla. — Home and car electronics distributor Audio America has named Jonathan Elster CEO, replacing Ryan Munder who will remain as chairman.

Sears Names New CIO

Hoffman Estates, Ill. — Sears Holdings has appointed Jeff Balagna executive VP and chief information officer.

Maney Joins Séura As Market Manager

Green Bay, Wisc. — Marla Maney has been hired to the newly created position of marketing manager for outdoor and custom flat-panel TV resource Séura.

Kryzanich Tapped As Next Intel CEO

Santa Clara, Calif. — Intel’s board of directors today named company veteran Brian Kryzanich as its next CEO.

Sony Executives Forgo Bonuses

Tokyo — Dozens of Sony executives including CEO Kazuo Hirai are foregoing bonuses this year to atone for the electronics units slumping sales and profit performance, according to reports from Japan Wednesday.