TWICE News
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Fedders Q1 Sales Flat, Loss Follows ChargeBy TWICE Staff, April 26, 2004Liberty Corner, N.J. — Air conditioner-maker Fedders reported flat sales in the first quarter, hitting $122.6 million, compared with $123.4 million in the year-ago period. Sales in the company’s AC/air treatment products segment totaled $111.4 million, compared with $114.9 million in the prior-year period.
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Majap Vendors Post Financial ReportsBy Jeff Malester, April 23, 2004New York - Four major appliance companies reported strong first quarter sales this week.
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Maguire Leaving CircuitBy Alan Wolf, April 23, 2004Richmond, Va. — Circuit City’s top merchant, Kim Maguire, is leaving the company effective April 30.
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Amazon Q1 Profits, Sales SurgeBy Alan Wolf, April 23, 2004Seattle — After years of steady losses, Amazon.com posted its sixth consecutive pro forma profit on April 22, which it attributed to lowered prices, expanded selection and its limited free shipping offer.
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HE 2004 Show Sets Seminar, Event ListBy TWICE Staff, April 23, 2004New York - The Home Entertainment 2004 Show (HE2004), to be held at the New York Hilton from May 20 to May 23, has outlined its list of educational seminars.
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PARA: AV Specialists Must Reinvent Themselves AgainBy Joseph Palenchar, April 23, 2004Scottsdale, Ariz. – Pronounced changes in technology and retail distribution will force AV specialists to reinvent themselves one more time, outgoing PARA executive director Deborah Smith told dealers at PARA’s 25th annual management conference.
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LG Electronics CE Segment Sales ClimbBy Jeff Malester, April 22, 2004Seoul, South Korea — Strong demand for flat-panel televisions pushed up first quarter sales in the display and media segment at LG Electronics to $2.1 billion, compared with $1.5 billion in the year-ago period.
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PalmOne Zire Sales Hit 3 Mil. MarkBy Amy Gilroy, April 22, 2004Milipitas, Calif. - PalmOne announced that it has sold more than three million Zire handheld computers.
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Office Depot N.A. Retail Sales Rise 5%By Jeff Malester, April 22, 2004Delray Beach, Fla. — Strong first quarter sales of technology products at Office Depot helped the office supply chain register its first positive retail comp-store quarter in the last four years, with North American retail sales increasing 5 percent and comps 3 percent.
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Maytag Majap Sales Increase 14%By Jeff Malester, April 22, 2004Newton, Iowa — Successful implementation of new Maytag product models resulted in strong overall first quarter sales growth and market share improvement, said the major appliance maker, with majap movement offsetting declines in the company’s housewares segment.
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Sony Debuts Luxury CE Brand, QualiaBy Steve Smith, April 21, 2004New York - What do a $3,900 two-mega pixel digital camera, a $2,600 pair of headphones, a $1,900 handheld MiniDisc player and a $30,000 HDTV projector have in common? They are all part of Sony’s ultra-high end Qualia line that was introduced by Sony here, on April 21.
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Sears Q1 CE Results Strong, But Domestic Sales FlatBy Jeff Malester, April 21, 2004Hoffman Estates, Ill. — Although hard lines, such as consumer electronics, provided strong first quarter growth for the Sears home group, overall domestic segment sales were flat and the retailer reported an operating loss.
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Sirius Expands Wal-Mart Presence, Adds 90,000 subscribersBy Amy Gilroy, April 21, 2004New York - Sirius satellite radio service will be available in the majority of Wal-Mart stores starting later this year via a Jensen plug-and-play radio, and the company said it hopes to bring an additional radio brand to market through Wal-Mart sometime in the second half.
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Sirius Loss Increases On Better SalesBy Jeff Malester, April 21, 2004New York — Satellite entertainment provider Sirius Satellite Radio posted a total revenue of $9.3 million in the first quarter, up from $1.6 million in the year-ago period; however, the company’s operating loss climbed to $119.5 million, compared with a loss of $99.1 million in the same three months last year.
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DTV Shipments Flying HighBy TWICE Staff, April 21, 2004Las Vegas - The Consumer Electronics Association (CEA) reported today at the National Association that digital television product unit shipments for January and February of 2004 rose more than 124 percent year over year representing $1.3 billion in revenue.
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MP3 Player Sales Up 200%: In-StatBy Joseph Palenchar, April 21, 2004Scottsdale, Ariz. – Worldwide factory-level sales of compressed-music portables rose more than 200 percent in units and dollars in 2003 to hit more than 24 million units and more than $3 billion, In-Stat/MDR reported.
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Jasc Intros New Imaging SoftwareBy Greg Scoblete, April 21, 2004Eden Prairie, Minn. — Jasc Software introduced the fifth version of its Paint Shop Photo Album program, which is targeted toward the growing market of digital photo scrap-bookers and mainstream camera owners in search of organizing software.
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Motorola Cell Segment Sales Increase 67%By Jeff Malester, April 21, 2004Schaumburg, Ill. — In a sales and earnings surge that battered preliminary industry expectations, cellphone maker Motorola turned in its best quarter in years, more than tripling its overall net and posting revenue nearly $2 billion above forecasts.
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Whirlpool Sales Rise 10.7%By Jeff Malester, April 21, 2004Benton Harbor, Mich. — A strong sales and shipment performance in North America helped drive up first quarter sales at Whirlpool by 10.7 percent to $3 billion, compared with the $2.7 billion posted in the same period last year.
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Electrolux Q1 U.S. Majap Shipments Rise 10%By Jeff Malester, April 21, 2004Stockholm, Sweden —Electrolux enjoyed a 9.9 percent shipment increase in the United States during the first quarter, with "particularly good growth" for refrigerators, washers, dryers and cooking products.
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