San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Minneapolis – Sony Electronics’ three-step line of 4K Ultra High-Definition TVs are rolling out to Best Buy stores this week.
Nearly 750 locations will carry the XBR-X900 series, which includes Sony’s 84-inch flagship and recently-released 65- and 55-inch displays.
The LED TVs are Best Buy’s first Ultra High-Definition models.
The 4K sets will formally go on sale this Sunday, and BestBuy.com is already taking pre-orders for the 55- and 65-inch models, a Best Buy spokesperson told TWICE.
Santa Monica, Calif. – Samsung’s 85-inch (model N85S9000) Ultra High-Definition TV came to Video & Audio Center, here, Wednesday night and drew a crowd of more than 130 customers.
According to corporate director Tom Campbell, the special Samsung event drew many customers from the movie business and, most importantly, four sets were sold at the suggested retail of $40,000 each.
Bentonville, Ark. — Wal-Mart Stores reported slightly higher net sales and income for the first quarter, ended April 30.
Net sales for the first quarter were $113.4 billion, an increase of 1 percent over last year. Net sales last year benefited by 1 percent from the extra day due to leap year. On a constant currency basis, net sales would have increased 1.8 percent to $114.2 billion.
Consolidated net income attributable to Walmart for the first quarter was $3.8 billion, up 1.1 percent.
Pontiac, Mich. — ABC Warehouse will showcase Sony’s newest 4K Ultra High-Definition televisions in a special showcase taking place from noon to 4 p.m. May 19 at the store’s outlet at 43435 Ford Road in Canton, Mich.
The event, which is expected to draw members of the media, technological enthusiasts and TV lovers, will feature a live demonstration of one of Sony’s newest 4K Ultra HD TV models, including 55-inch and 65-inch models in the XBR-X900A series. The new sets are priced at $4,998 and $6,998, respectively.
Fort Worth, Texas – Branded RadioShack sections will begin appearing in college bookstores this fall under a new five-year distribution agreement between the retailer and a leading college-market distributor.
Under the plan, the National Association of College Stores (Nacscorp) will offer its nearly 4,000 college accounts a tailored mix of RadioShack’s top-selling headphones, wireless speakers and power supplies under such brands as Beats by Dr. Dre, Skullcandy and SOL Republic, as well as the retailer’s own private-label Enercell and Auvio lines.
San Antonio — The Progressive Retailers Organization (PRO Group) and its sister buying collective Home Entertainment Source (HES) will further coalesce under the ProSource umbrella, and will organize their membership by size and expertise around four core product categories.
The strategy was outlined yesterday by ProSource president/CEO Dave Workman and HES executive VP Jim Ristow at PRO’s annual spring meeting here.
Indianapolis — h.h.gregg will open a new 23,000-square-foot store at the Dayton Mall in Ohio on Thursday, May 16, replacing the retailer’s older store in West Carrollton.
The new store will provide customers with “a modern, updated shopping experience, and the same knowledgeable sales staff,” the retailer said, and to celebrate, h.h.gregg will be giving away more than $30,000 in prizes to consumers and the Dayton community during the grand opening celebration — the largest amount in the company's history.
Washington — Sell-through for electronics and appliance retailers was essentially flat in April, the U.S. Commerce Department reported.
According to the agency’s latest monthly sales estimates, which were adjusted for calendar changes but not price increases, sales edged up just 0.4 percent year over year, to $8.2 billion, and rose 0.8 percent from March.
Excluding the seasonal adjustment, April channel sales rose 1.2 percent but slipped 0.7 percent year to date.
Hoffman Estates, Ill. — Sears Holdings will launch a rent-to-own leasing program for CE, majaps, mattresses and other big-ticket items this week, and has renewed efforts to sub-lease space in and around its stores.
The rent-to-own program is managed by WhyNotLeaseIt, a national leasing service, and will be rolled out to all 900 U.S. Sears stores on Wednesday.
Chester Springs, Pa. — Azione Unlimited (AU), the education/buying group for custom retailers and integrators, has slated a pair of webinars for this month and next.
First up, on May 23, is “Maximizing Outdoor Opportunities,” presented by Jason Sloan, chief sales officer of Sonance, and Will Pisula, general manager of Encore Audio/Video.