New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Bentonville, Ark. – Walmart reported modest sales and earnings increases for the third quarter, ended Oct. 31, and mixed results for CE.
Net income rose 2.8 percent to $3.7 billion on continued cost reductions, while net sales edged up 1.6 percent to $114.9 billion. Excluding the negative impact of currency fluctuations, net sales rose 2.7 percent.
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 — Harman International will open its first U.S. store on Nov. 22 to demonstrate its home, aftermarket car and pro audio products and sell select home audio gear to consumers.
The two-level, 8,500-square-foot store on Madison Avenue in Manhattan will also serve as “a key showroom and experience center for our channel and technology partners and for our automotive OEM customers to get a full brand experience,” said Michael Mauser, president/executive VP of the Harman lifestyle division.
Boca Raton, Fla. – Office Depot has named former Wendy’s and Arby’s CEO Roland Smith to head the newly merged office supply chain as chairman/CEO.
The appointment comes one week after Office Depot and OfficeMax formally merged, and resulted in the resignations of the chains’ respective former CEOs Neil Austrian and Ravi Saligram.
Bentonville, Ark. – Walmart will stock twice as many tablets for Black Friday as it did last year, and will have 65 percent more TV SKUs on hand for the sales event.
The discounter said it is amassing its largest-ever Black Friday inventory, which will be released in three waves: at 6 p.m. and 8 p.m. on Thanksgiving, and at 8 a.m. on Black Friday.
New York – “Beyond expectations,” summed up how Ultra High-Definition TV sales are doing at retail, according to panelists at today’s TWICE/CEA Ultra HD Conference.
Moderated by Alan Wolf, senior editor of TWICE, “Taking Ultra HD to Retail” panelists included Tom Campbell, corporate director of Video and Audio Center; Robert Zohn, owner of Value Electronics; Brian Siegel, merchandising and operations VP at Sony Electronics; and CEA’s Shawn DuBravac.
Wayne, N.J. – Just in the time for the holiday shopping season, Toys “R” Us has updated and redesigned its online store.
The company described the new site as having bigger and brighter images, simpler site navigation and a clean design. The chain has also integrated its Babiesrus.com site with the addition tabs on the top left of the homepage.
Minneapolis — Target has released its Black Friday sales circular, and plans to open an hour earlier on Thanksgiving this year.
The circular, posted here, is highlighted by a Sony PlayStation 4 console, available at 8 a.m. Black Friday morning for $400, and a 40-inch Element LED TV for $270.
Other doorbuster deals include Beats by Dr. Dre Solo HD headphones for $119, reduced from $180, and a 16GB iPad Air Wi-Fi for $479 plus a $100 Target gift card.
Seattle – The U.S. Postal Service (USPS) is providing Sunday deliveries to Amazon Prime customers in Los Angeles and New York.
The partners plan to extend the service to “a large portion of the U.S. population” next year, Amazon.com said, including customers in Dallas, Houston, New Orleans and Phoenix.
Millions of Amazon products are eligible for the delivery program, the e-tailer noted.
Washington – The National Retail Federation (NRF) reported today that 37,600 retail jobs were added in October.
The October figure brings the yearly total of new retail jobs to 295,000, a 2.4 percent year-over-year increase. The only retail segment that did not see an increase was clothing stores, the NRF said.
For the holiday season, the NRF is forecasting its industry will hire between 720,000 and 780,000 season employees this year and experience a 3.9 percent increase in sales.