hhgregg’s Q4 Earnings Fall 81%

Indianapolis — Weaker sales and margins, and higher taxes and costs, led to sharply lower fourth-quarter and full-year profits for hhgregg.

HTSA Adds 65th Member

Barrington, Ill. — System integrator Blair Home Technologies joined The Home Technology Specialists of America (HTSA) last month as the buying group’s 65th member.

Audiomobile’s GTS-series shallow-depth car subwoofers are designed to fit in sma

Audiomobile Shrinks Enclosure Size For Car Subs

Las Vegas — Car audio supplier Audiomobile has begun shipping new subwoofers intended for use in “micro” sealed-box enclosures that are increasingly the norm in upscale integration systems, the company announced.

The PA600B has a splash-resistant design.

Planet Audio Enters Bluetooth Speakers

Oxnard, Calif. — Car speaker manufacturer Planet Audio is expanding into portable Bluetooth speakers with the launch of its new Lynx brand. Six models will make up the line initially.

CEA Picks Engadget To Run ‘Best Of CES’

Arlington, Va. — The Consumer Electronics Association (CEA) has selected Engadget to coordinate, judge and produce the official Best of CES award program at the International CES in January 2014.

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CEA Backing Bill To End Anonymous Patents

Best Buy Joins Sony Ultra HD Rollout

HydraConnect Boosts Support For HDMI Matrix Line

Video & Audio Center, Sony To Hold Ultra TV, Tablet Event

Polaroid To Sponsor Wakeboard Series

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Financial

hhgregg’s Q4 Earnings Fall 81%

Indianapolis — Weaker sales and margins, and higher taxes and costs, led to sharply lower fourth-quarter and full-year profits for hhgregg.

Wal-Mart Reports Slight Sales, Profit Increases

Bentonville, Ark. — Wal-Mart Stores reported slightly higher net sales and income for the first quarter, ended April 30.

Voxx Posts Double-Digit Fiscal Year Sales Gains

Hauppauge, N.Y. — Voxx reported a double-digit sales gain and relative flat profits in its fiscal year, ended Feb. 28.

Sharp Reports Wider Fiscal Year Loss

Osaka, Japan — Sharp Electronics reported a wider loss on flat sales for its fiscal year, ended March 31 and has replaced its president.

Pioneer Reports Higher Net Sales, But Fiscal Year Loss

Tokyo — Pioneer Electronics reported higher net sales but lower operating profits and a net loss for its fiscal year, ended March 31.

Panasonic Reports Loss As TV Sales Decline

Osaka, Japan — Panasonic reported a loss of 754.3 billion yen ($7.42 billion) for fiscal 2013, which ended in March.

DirecTV Post Q1 Sub Gains, But Profits Dip

El Segundo, Calif. – DirecTV Tuesday reported a 5.6 percent decline in first-quarter profits but still managed to tally subscriber gains in Latin America and the United States.

Nikon Reported Higher Net Sales, Lower Profits

Tokyo — Nikon reported that net sales rose, but net and operating profits were down by double digits for its fiscal year, ended March 31.

People

Wilson Names New CEO

St. George, Utah — Wilson Electronics, a maker of cellphone signal boosters, has named Robert Van Buskirk as president/CEO and to its board.

HSNi’s CFO Schmeling Adds COO Title

St. Petersburg, Fla.- HSNi, the interactive multichannel retailer has named Judy Schmeling chief operating officer, effective immediately, and continues as chief financial officer.

Gary Bennett, Former Hitachi Exec, Dies At 64

Chino Hills, Calif. — Gary Richard Bennett, a 40-year veteran of the consumer electronics industry, passed away on Thursday, May 9, after a 13-month battle with non-Hodgkin’s lymphoma.

Audio America Taps SED’s Elster For CEO

Jupiter, Fla. — Home and car electronics distributor Audio America has named Jonathan Elster CEO, replacing Ryan Munder who will remain as chairman.

Sears Names New CIO

Hoffman Estates, Ill. — Sears Holdings has appointed Jeff Balagna executive VP and chief information officer.

Maney Joins Séura As Market Manager

Green Bay, Wisc. — Marla Maney has been hired to the newly created position of marketing manager for outdoor and custom flat-panel TV resource Séura.

Kryzanich Tapped As Next Intel CEO

Santa Clara, Calif. — Intel’s board of directors today named company veteran Brian Kryzanich as its next CEO.

Sony Executives Forgo Bonuses

Tokyo — Dozens of Sony executives including CEO Kazuo Hirai are foregoing bonuses this year to atone for the electronics units slumping sales and profit performance, according to reports from Japan Wednesday.