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January 5, 2009

• Consumers To Cut Their CE Spending: Forrester
  Cambridge, Mass.  — Almost half of consumers will spend less on technology devices this year than last, according to new Forrester Research report on recessionary spending habits. more » » » 
• Custom Installer Roundtable
  New York – For the custom-installation industry as a whole, the impact of the steep decline in new-home construction came gradually. 
  more » » » 

• Fry’s VP Arrested For Embezzlement
  UPDATE! San Jose, Calif. — The merchandising VP of Fry’s Electronics was arrested on charges of embezzling more than $65 million from the chain in an elaborate kickback scheme he used to pay off gambling debts and support a lavish lifestyle. more » » » 
• HES Taps Evans As 6th Field Staffer
  Anaheim, Calif. — The Home Entertainment Source (HES) buying group has appointed Chad Evans as Southwest region manager. more » » » 
• Consumer Electronics Dealers Stage Post-Christmas Clearance Sales
  New York — Consumer electronics dealers are pulling out all the stops to move remaining merchandise following the Christmas holiday, including clearance sales that are exceeding Black Friday in their intensity. more » » » 

• Conn's December Sales Up 15%
  Beaumont, Texas — Bucking the otherwise dismal holiday selling season, Conn’s reported a 15 percent increase in sales of products and extended warranties in December. more » » » 
• Retailers Reduce MP3-Player Ads
  Niagara Falls, N.Y. — Retailers throttled back their advertising of MP3 players in ROP newspaper ads and newspaper inserts during the 12 months ended September 2008, but the retailers boosted Apple’s share of MP3 player ad placements during that time, IFR Monitoring found. more » » » 

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