By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Naperville, Ill. — OfficeMax is extending its reach into the small-business market with a new slate of service departments in stores nationwide.
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.
Huntsville, Ala. – Multiregional CE, majap and furniture chain h.h.gregg is relocating it Huntsville store here to a new location.
The showroom, which opens Thursday, will provide local residents with “a modern, updated shopping experience,” the company said.
New York — RadioShack is converting two Manhattan locations to its new concept store format.
The so-called “high-touch” stores, located at Seventh Avenue at West 23rd Street and Broadway at West 109th Street, follow the ground-up opening of the first new-format store in New York in July.
All feature interactive displays, new signage and revamped floor plans that merchandise products by power brands and product classification.
Eagan, Minn. — Capitol conducted five free MPT education classes on Sept. 27 as part of the company’s presence at the CEDIA Expo 2013 in Denver and drew more than 175 industry professionals.
The 90-minute sessions were designed to help integrators make the most of these products and technologies, including practical marketing, application-based training, sales, and installation tips to help maximize growth and profitability, according to the distributors.
Jacksonville, Fla. — InMotion Entertainment, a CE specialty chain with nearly 80 airport shops across the country, has been acquired by a private-equity partnership.
The new owners, Bruckmann, Rosser, Sherrill & Co. (BRS) and Palladin Consumer Retail Partners, have kept management intact under CEO Jeremy Smith.
Terms of the transaction were not disclosed.
Denver – Azione Unlimited, the education/buying group for system integrators and custom retailers, took home 10 of 35 CEDIA Recognition awards at this month’s CEDIA Expo here.
Group winners included Audio Images, which received a Silver Technical Design award within the Best Home Theater category.
During the show Azione also conducted a dealer meeting at the local Wynkoop Brewery to discuss products and industry trends; toured neighboring dealer member Xssentials Xperience Center; and followed that with a dealer-vendor cocktail party and networking event.
Washington – Retail sales in November and December will increase 3.9 percent, to $602.1 billion, the National Retail Federation (NRF) has projected.
The trade group’s forecast jibes with the 4-percent increase predicted by the Consumer Electronics Association (CEA), although the latter anticipates a $738 billion holiday tally.
Dallas — The NATM Buying Group reported that total annual sales for the 11 member electronics/appliance group will be $6.5 billion, about the same as last year, but with dramatic growth in appliance sales and improved profitability across the board.
Bill Trawick, president and executive director of NATM, was upbeat about independent retailing in electronics and appliances and especially in the group’s major appliance growth. He said the mix between the two main categories is now “about 50/50,” but the gains in white goods have been substantial.
Minneapolis – Target will become an MVNO on Oct. 6 with the launch of a prepaid plan through T-Mobile.
The No. 2 discount chain said pricing for its Brightspot mobile program will begin at $35 per month for unlimited talk and text, while a $50 tier adds unlimited data and up to 1GB of 4G data over T-Mobile’s HSPA+ and LTE networks.
Hoffman Estates, Ill. — Sears Holdings has borrowed $1 billion under a new loan facility.
The loan extends an existing credit agreement that provides nearly $3.3 billion in revolving credit.
Sears said it will use the new loan to pay down $1 billion in borrowings under the revolving credit facility.