By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Chicago – Home Technology Specialists of America (HTSA) is still often referred to as a “buying group,” but market dynamics and technology trends have drastically changed the organization’s mission.
During last week’s three-day Fall Conference here of this member-owned collective of 67 specialty A/V-custom integration businesses and their vendors at the Sofitel Chicago Water Tower, it was clear that HTSA has shifted its emphasis to something much harder to define in two or three words.
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.
Seattle – Amazon.com reported a $41 million net loss for the third quarter, ended Sept. 30, compared with a year-ago net loss of $274 million.
The company had reported a net loss of $7 million for the prior quarter ended June 30.
Net sales rose 24 percent in Q3 to $17 billion, and grew 26 percent excluding the impact of unfavorable currency exchange rates.
Minneapolis — In a display of e-commerce catch-up, Target will begin allowing customers to pick up select online orders at its stores.
The service, which will be available chainwide by Nov. 1, is limited to about 35,000 items including CE and home furnishings, and will not be available Thanksgiving week (Nov. 24-30).
In-store pickup of online orders was pioneered by Circuit City in the mid-2000s and has since become standard practice for many national multichannel chains, including Best Buy, Sears, Staples and Walmart.
The Colony, Texas — Nebraska Furniture Mart (NFM) marked another milestone this week in the construction of its 1.9 million-square-foot showroom, office and warehouse complex here in this Dallas suburb.
One year after breaking ground on the project, construction workers hoisted the facility’s final beam into place yesterday in a ceremony attended by management, the town’s mayor and other local guests.
Chester Springs, Pa. — Don Dixon, president/CEO of custom integrator Definitive Electronics, has joined the founder’s advisory board of the Azione Unlimited buying group.
The board is now comprised of nine dealer and vendor members.
Hoffman Estates, Ill. – Sears Home Appliance Showrooms, a specialty chain that was spun off from Sears Holdings last year, is three months into a store remodeling program.
Now in its 10th year, the program was created to recognize the industry’s best-of-breed merchants in consumer electronics and major appliances retailing.
Recipients are selected by the editors of TWICE based on merchandising excellence, customer service, store and website design, industry contributions, and operational and marketing initiatives.
Another key criterion, given the soft economy and industry headwinds of the last five years, is the manner in which dealers have responded to the challenging environment.
Los Angeles — Nearly a quarter of consumers plan to spend more this holiday season in anticipation of better deals and discounts, a new survey shows.
According to a poll by PriceGrabber, the comparison shopping site, 66 percent of respondents believe retailers will offer better prices due to the state of the economy, and the number of shoppers who plan to take advantage of those deals by spending more is up 11 percent over last year.
Among the big spenders, 22 percent said they are confident in the economy and 35 percent said they are earning more this year.
Fort Worth, Texas — RadioShack reported a net loss of $112 million for the third quarter, ended Sept. 30, compared with a year-ago loss of $47 million.
CEO Joe Magnacca said the red ink was a byproduct of the company’s ongoing turnaround efforts, as it consolidated its product assortment and racked up higher inventory costs.
Chester Sprigs, Pa. – Azione Unlimited, the buying and education group for integrators and custom retailers, will hold its spring conference at The Hard Rock Hotel in Las Vegas.
The event, dubbed “Vis a Vis in Vegas,” is slated for March 19-21, 2014. All dealer and vendor members may attend at no charge.