By Lisa Johnston
New products on display at the American International Toy Fair, held in N
WINSTON-SALEM, N.C. — The Nationwide Marketing group plans to offer its dealer members an online platform to buy, sell and trade excess and unwanted inventory.
The program, provided by Harrisburg, Pa.-based Invenshare.com, allows dealers to easily add inventory to the system and conversely search for items by manufacturer, category or model number.
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.
CORONA, CALIF. — Chris Larson, formerly Toshiba America Information Systems sales VP, has joined TCL as its new North American sales and marketing VP.
Larson started with the company last month after spending more than a decade with Toshiba America.
MADISON, WIS. — Friends and suppliers of American were saddened, if not surprised, by the TV, appliance and furniture chain’s decision to shut its doors in April after succumbing to a mix of strategic missteps and economic pressures.
The privately held retailer, which had served Wisconsin and surrounding markets for 60 years with as many as 15 big-box stores, said it is going into receivership due to an “unforgiving” economy, and was holding liquidation sales at press time.
SAN DIEGO — Sony Electronics’ restructuring announcement, which involves the closing of 20 of its stores in the U.S., should not have come as a surprise to those who where closely reading the company’s recent financial.
When Sony Corporation reported its fiscal third quarter financial early last month, which included a 23 percent sales gain and a net profit vs. a year-on-year loss, it also said that it would sell off its Vaio PC business, make its TV operations a separate subsidiary, and lay off about 5,000 by the end of fiscal year 2014.
MAHWAH, N.J. – Preparing to deliver its new Quattron Plus (Q+) premium FullHD LCD TV line, Sharp Electronics told TWICE last week that it is moving forward with a brand-refresh campaign that will place retail partners front and center in the effort.
PARAMUS, N.J. — LG Electronics USA recently opened “the State Room” — a giant-sized man-cave-themed lounge decked out in LG large-screen TVs — in the Westfield Garden State Plaza shopping center, here.
The State Room, which will be available to the public up through the end of March, features some of LG’s most popular models of high-end OLED, Ultra HD LCD and Laser (short-throw front projection) TVs.
Jeannette Howe, executive director of Nationwide Marketing Group’s Specialty Electronics Nationwide (SEN), has left the buying group. A longtime industry veteran, Howe joined Nationwide to head the then-new organization in January 2006.
RESTON, VA. – Apple and Samsung gained share at equal rates among U.S. smartphone users at the end of 2013, but Apple’s share grew a bit faster than Samsung’s on a year-over-year basis, ComScore found in its latest consumer survey.
As a result, Apple remained tops in smartphone share among users at the end of the year, ComScore said.
TOKYO – The same day Sony said it planned to make TV operations a separate subsidiary and to sell off its Vaio PC business (see p. 4), it reported net and operating profits and higher sales in its fiscal third quarter.
The sale of Vaio and the revamp of its TV business will result in layoffs of about 5,000 by the end of fiscal year 2014, Sony said.
The restructuring should result in 100 billion yen in savings starting in fiscal year 2015, the company noted.
REDMOND, WASH. – Observers of the IT industry were mostly positive about Microsoft’s recent selection of Satya Nadella as its new CEO, and the naming of Symantec’s former CEO John Thompson as the company’s new chairman.
The former head of the company’s Cloud and enterprise division was selected as Microsoft’s new CEO to replace Steve Ballmer, who announced his resignation last August.