SCOTTSDALE, ARIZ. —
The positive vibe at the Progressive
Retailers Organization
(PRO Group) spring
meeting this month can best
be described by Gary Yacoubian,
now with Monster Cable
but a longtime PRO member:
“This is the most upbeat
[PRO] meeting in three years.”
Yacoubian, strategic development
VP of Monster Cable
since last summer after a fabled
career with the now-departed
MyerEmco, was not alone in
his positive assessment.
Measured optimism was the
common thread of TWICE’s
discussions with manufacturers
and PRO members here about the current
state of the industry.
While suppliers talked up aspects of their new lines, the
emphasis was on 3D bringing
more consumers to retail,
pent-up demand for A/V in
general, a revival — so far this
year — in audio, stabilization
in TV prices (so far), and certain
shortages in TVs and other
categories.
Scott Ramirez, who was recently named marketing VP for all of
Toshiba America’s consumer products,
commented, “I think the market is stabilizing.
A year ago there was a lot of
doubt about [the industry’s] long-term
future, but retailers and manufacturers
have gained confidence since we are
heading towards future growth.”
He noted that at the beginning of the
year, “January was scary, but February
and March came back.”
Ramirez added that in TVs, “LCD is
doing very well, 3D LED is doing very well
and what’s in the middle is 2D LED.”
Pricing in TVs is “stable … and that
has to do with shortages. At this point
it would be irresponsible to off er [substantial]
price cuts” considering the current
supply situation.
Jim Sanduski, sales senior VP at Panasonic
Consumer Electronics, said his
company views the market as “quite
good … in home entertainment, especially
in the second half when consumers
see the value of new technologies being
introduced.”
Panasonic has been on a promotional
roll in the past couple of months, with
its introduction of 3D TV and its 15-
city “mini-CES” retail tour, as Sanduski
put it, that outlined 3D, Lumix-branded
cameras, its Viera Cast IPTVs and
Skype for HD teleconferencing.
During its retail tour Panasonic
showed pre-production units of upcoming
products, invited the local media
and consumers to take a look, and
provided area retailers with hands-on
training. The result was “consumers
were surprised with the breadth of Panasonic’s
product line … and impressed
with 3D,” Sanduski said.
He commented that while 3D TV
was unveiled at select Best Buy stores
first, “We also look to specialty retailers
to come up with the in-store presentations
to showcase our 3D TVs” and
other new technologies.
In 3D TV, Sanduski noted that Panasonic
will sell “every 3D TV we can
bring [to the U.S.]” and that Panasonic
will “focus more on 1080p” in its overall
HDTV lineup. He added that 32-inch
LCD TV supplies are currently short
and 720p plasmas may be in short supply
for some time.
Max Wasinger, sales and marketing
senior VP for Mitsubishi, observed that
this is “a challenging time for specialty
retailers and manufacturers” to “create
footprints to those stores and get [consumers]
the right product, for the right
price and provide them with the experience
they want.”
Of course, Wasinger thinks 3D TV will
do part of that job this year. He described
the technology as “3D stereo for your eyes.
We think this is a wonderful feature” for
events on TV and that “the availability of
great content will drive demand.”
And in a nod to PRO-type dealers, he
noted, “Nobody can do a better job of displaying
[3D TV] and showing the ‘sizzle’
better than A/V specialty retailers. 3D is
a chance for these guys. I’ll put it this way
— we aren’t healthy if [specialty retailers]
can’t display and sell 3D profitably.”
The promotion that Mitsubishi did
with Linder’s in Southern California
in March, matching one of its 82-inch
DLPs with a PS3 and 3D glasses, “was a
tremendous success for us and the industry.”
Wasinger said the company is finalizing
similar plans with other retailers.
Understandably, he is bullish on bigscreen
3D, declaring, “3D DLP in a 75-
or 82-inch model is an immersive entertainment
experience … you can’t get
with smaller screens.”
Getting to the audio side of the A/V
experience, Mark Boggs, North American
sales VP with Soundcast, is optimistic
about audio. Its wireless surround
technology made the fi rst quarter
“the best quarter in our history.”
He said it could be “a revival in home
audio” since the company’s technology
can provide a home-theater experience
“in less than 20 minutes.” When asked
why the “revival” has come now, Boggs
philosophized and said this type of technology
is “a getaway for consumers.”
Craig Geiger, executive VP/COO of
JVC Company of America, commented
on market conditions that April “was a
good month and good in mobile electronics”
and that he thinks the industry will
“sustain its sales momentum with a solid
second half … due to pent-up demand.”
Like many others, Geiger described
market conditions as “choppy” but positive
and, like Soundcast’s Boggs, JVC
has seen growth in home audio.
“We have seen a bounce-back, in our
case with sound bars. They offer a great
solution for the home,” providing topquality
“sound imaging.” On the portable
side headphones “have been phenomenal
for us … as well as anything
that revolves around iPod and MP3.”
In viewing the industry as a whole,
Geiger said, “Vendors are following the
supply side closely and managing inventories
a lot better than a couple of
years ago … when everyone got caught
by surprise.”
Abstract Web:
SCOTTSDALE, ARIZ. —
The positive vibe at the Progressive
Retailers Organization
(PRO Group) spring
meeting this month can best
be described by Gary Yacoubian,
now with Monster Cable
but a longtime PRO member:
“This is the most upbeat
[PRO] meeting in three years.”