New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Carson, Calif. — The Fray, a Grammy-nominated and internationally acclaimed rock band, will entertain more than 500 New Age Electronics customers and guests during its 2014 International CES Gala in Las Vegas.
The gala will also celebrate the close of its 25th year in business during the private concert.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
New York — CE retailers and their suppliers are expected to make out well over Black Friday weekend, when some 31 percent of consumers said they plan to buy electronics.
According to a pre-Black Friday survey by the Consumer Electronics Association (CEA), most expect to buy a tablet (30 percent), followed closely by laptop computers (29 percent), video game consoles (29 percent) and TVs (22 percent).
Harrisburg, Pa. – National IT and CE distributor D&H Distributing has added the Codi collection of laptop bags, cases and backpacks to its product lineup.
Under the exclusive partnership, D&H will provide Codi’s premium assortment to value-added resellers as part of the manufacturer’s streamlined channel strategy.
Codi sales and marketing executive VP Mike Crosby said “strategic alignment and ease of doing business” were critical factors in his company’s decision to consolidate its business with D&H.
New York – Revenues at Barnes & Noble’s Nook business fell in the second quarter and first half, but EBITDA losses shrank in both periods compared to the year-ago periods.
The Nook business segment consists of the company’s digital businesses, including digital content, devices and accessories.
Chester Springs, Pa. — Azione Unlimited (AU), the education and buying group for custom retailers and integrators, has added Audio High of Mountain View, Calif., to its ranks as its 80th dealer member.
In a statement, AU founder/president Richard Glikes noted that “with the addition of every new dealer, we get stronger,” and projected that the group would grow to 100 dealers by the end of January.
San Bruno, Calif. – Walmart said it will begin its Cyber Monday sales on the preceding Saturday, and has matched Amazon.com’s free-shipping minimum of $35 for online orders effective today.
The early online sale mirrors today’s pre-Black Friday sales event, in which the discounter matched the Black Friday pricing of Best Buy, Target and Toys“R”Us on a limited selection of CE and toys.
New York– National chains and global e-tailers aren’t the only merchants participating in the Black Friday promotional fray.
Independent CE dealers including Adorama and Starpower are launching holiday events of their own, including the latter’s annual pre-Black Friday Expo that began here this morning.
Minneapolis – Seasonal markdowns and higher expenses led to a 46 percent decline in Target’s third-quarter profits, to $341 billion.
Total revenues edged up 1.9 percent to $17.3 billion for the three months, ended Nov. 2.
In the U.S., sales rose 2 percent to $16.6 billion, aided by the opening of nine new stores, while comp sales increased 0.9 percent on higher average basket size but fewer average transactions.
Hoffman Estates, Ill. – Sales declines and continued investments in its digital shopping platform led to a $534 million third-quarter loss for Sears Holdings.
The red ink increased from a $498 million loss in the year-ago period.
Revenues fell 7 percent to $8.3 billion for the three months ended Nov. 2, and U.S. comp store sales declined 3.1 percent on weakness in CE, major appliances and other core categories.
Las Vegas — The Nationwide Marketing Group has opened up registration for its PrimeTime meeting and expo in March.
Nationwide, a $14 billion buying and marketing group for independent majap, CE and home-furnishings dealers, will hold the biannual event March 9-13, 2014, here at the Venetian Palazzo and Sands Expo Center.