New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Las Vegas — BrandSource laid out a multi-point program to help restore pricing and margins for its 4,000 members at the buying group’s Fall Convention & Expo here yesterday.
Some of the initiatives, like a service to help dealers foster positive online reviews, are new; others, like the group’s prescient SleepSource store-within-a-store bedding shops, predated today’s mattress mania and Best Buy’s new in-store shop strategy.
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 — AC Gears, a curated electronics and lifestyle store based here, said Tuesday it has released a $40 fashion-centric 3-megapixel Bonzart Lit digital camera with a built-in LCD screen.
It plans to add a waterproof case accessory in time for the holidays.
Minneapolis – Best Buy reported in an 8-K filing yesterday that Dick Schulze, chairman emeritus and founder of the chain, plans to sell shares of his personal common stock as part of a pre-arranged trading plan.
The filing said that the plan was designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the registrant's policies regarding stock transactions.
Naperville, Ill. — OfficeMax announced it is expanding its technology security, support, Cloud storage and data-recovery services and products to business and consumer customers for laptops, tablets and PCs.
The chain said this move also makes OfficeMax the only national retailer to offer fast in-store data recovery from internal hard drives from PCs, Apple devices and USB drives.
Seattle — Amazon.com said that customers can trade in their used devices (including iPhones, iPads and iPods) in exchange for up to $460 (depending on the device) in Amazon gift cards through Amazon’s Trade-In program.
Chester Springs, Pa. — Azione Unlimited has added Sound Ideas of Armonk, N.Y., as its 75th member, the buying group announced this morning.
“After 17 years in the business, there is a need to redirect our path to deal with today's business challenges," said Tom Alleva, president of Sound Ideas.
Winston-Salem, N.C. — Nationwide Marketing Group has relaunched its members' intranet website.
The launch of the completely revamped communication platform, MemberNet 4.0, which is used by all Nationwide divisions for communication with their members, comes after a year of development, the buying group said.
The new system was completely rewritten from the ground up "on a platform that positions MemberNet for growth in an increasingly mobile world," according to Nationwide.
Las Vegas — BrandSource, the $12 billion buying group for independent appliance, electronics and home furnishings dealers, is holding its biannual convention and expo here this week at Caesars Palace.
The show kicked off yesterday with product training sessions by Electrolux/Frigidaire, LG and Whirlpool, and continues today with an appliance industry update, educational seminars, a Dealer of the Year presentation, and a 90-minute “Stampede” of special show buys, followed by a concert by Three Dog Night.
Grapevine, Texas — GameStop’s second quarter profits fell by half, to $10.5 million, and net sales slipped 10.7 percent, to $1.4 billion, as customers waited out the introduction of new gaming platforms this fall.
The No. 1 gaming specialty chain said earnings were better than expected, given the industry pause as Microsoft and Sony prepare for the launch of their next-generation Xbox One and PS4 systems.
Fort Worth, Texas – Bob Cole, president of A/V specialty dealer World Wide Stereo, has been named a director of the Progressive Retailers Organization (PRO Group), the 14-member buying group.
In a statement, PRO president/COO Dave Workman said, “We are pleased to have Bob Cole join the board of PRO Group and welcome his experience and insight as we further develop our group’s competitive positioning in the ever changing world of CE retailing.”