New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
NEW YORK — Jay Vandenbree, senior VP of the LG Electronics USA’s home entertainment division, showed for the first time in the U.S. market a 77-inch Ultra HD OLED curved-screen TV from Korea during his keynote address at the TWICE/CEA Ultra HD Conference, here, last Tuesday.
The debut of a 77-inch for the U.S. market will take place during International CES in January.
In his remarks, Vandenbree called Ultra HD TV “a game changer for our industry,” saying, “This is the future.”
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.
BENTONVILLE, ARK. — Walmart reported that its “October Savings” promotion helped “more challenging categories” like TV and offset concerns over the government shutdown and debt ceiling debate, said Walmart U.S. president/CEO Bill Simon, said when the retailer released its quarterly financial last week.
But CE comps faltered at Sam’s Club.
NEW YORK — Harman International will open its first U.S. store on Nov. 21 to demonstrate its home, aftermarket car and pro audio products and sell select home audio gear to consumers.
The two-level, 8,500-square-foot store on Madison Avenue in Manhattan will also serve as “a key showroom and experience center for our channel and technology partners and for our automotive OEM customers to get a full brand experience,” said Michael Mauser, president/executive VP of the Harman lifestyle division.
FORT WORTH, TEXAS – Even RadioShack’s biggest boosters grew wary last month when the chain reported its seventh consecutive quarterly loss.
The red ink swelled to $112 million for the three months, ended Sept. 30, compared with a year-ago loss of $47 million, and RadioShack’s share price sank 18 percent at the close of trading that day, its biggest one-day dip in more than a year.
The results, wrote BB&T Capital Markets analyst Anthony Chukumba in a research note, did not provide much reason for optimism.
INDIANAPOLIS — h.h.gregg said a precipitous drop in its TV business, and reduced revenue from mobile phones and notebook computers, led to sales and earnings declines in its fiscal second quarter.
Net income slipped 2 percent to $3.7 million for the three months, ended Sept. 30, while net sales dropped 3.3 percent to $568.3 million.
BEIJING — Lifestyle bag and case brand Ogio International has opened its first dedicated retail location in the Aegean Beijing Shopping Mall in the busy North 3rd Ring retail section of the city. The company is featuring its broad line of device, sporting and women’s and men’s fashion bags and luggage, as well as, for the first time, Ogio apparel. Ogio plans to expand its retail outreach in China through a combination of shop-in-shops and other flagship stores in the next six to 18 months in Shanghai, Guangzhou, Hong Kong, Chongqing and Shenzhen.
LOS ANGELES – The Consumer Electronics Association (CEA) outlined what three key customer groups – women, teens and seniors – look for when shopping for CE products during a panel at CEA’s Industry Forum last month, here.
The panelists from CEA — Chris Ely, industry analysis senior manager; Tara Hutton, market research director; and Kevin Tillman, senior research analyst — discussed purchasing power of each demographic group, consumers’ ability to price compare and where they shop.
EL SEGUNDO, CALIF. — Combined factory-level sales of 3G/4G cellphones and tablets will outpace sales of traditional CE products on a global basis for the first time in 2013, IHS forecast.
Cellphones, media tablets and PC tablets will generate $354.3 billion in sales in 2013, or 3 percent more than the CE industry’s $344.4 billion in factory revenue. Only last year, the CE market was 30 percent larger than the cellphone and tablet markets, IHS said.
FRAMINGHAM, MASS. – Apple lost share in the global tablet market in 2012 and the first half of 2013, but in the U.S., Apple gained share in 2013’s first half following a slight dip in 2012, IDC statistics show.
In the first half, Apple also regained the lead in U.S. tablet shipment in units.
Apple’s first-half share of factory-level tablet shipments rose to 48.9 percent compared with Android’s second-place 45.5 percent, with Windows tablet share at 4.8 percent and Windows RT share at 0.4 percent.
NEW YORK — Retail-level tablet sales grew 30 percent in units through September compared with the year-ago period even though sales of larger models with screens of 9 inches and larger fell 36 percent, The NPD Group found.
Sales of tablets with screen sizes of 7 inches to 8.9 inches were up a whopping 550 percent, given the launch of small models from such companies as Google, Amazon, Apple and others.