By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Lawrenceville, Ga. – SED International Holdings, CE, computer and small appliances distributor, has reached an agreement with Paragon Technologies to change members on its board of directors.
Under terms of the agreement, the board announced the following transitions, effective immediately:
• Executive chairman Samuel A. Kidston and each of the other directors of SED, J.D. Abouchar, Arthur Goldberg, J.K. Hage, Steven Metayer and Robert G. O’Malley have resigned from the board.
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.
Lawrenceville, Ga. – SED International Holdings, a distributor of computer technology, CE and other home products, reported lower net sales and a net loss in its fiscal third quarter ended March 31.
Net sales were $128.8 million for the quarter, a 7.1 percent decrease over net sales of $138.7 million reported for the same period last year. The decrease was driven by weak demand in U.S. IT storage system products and across Latin American operations, SED said.
Oxnard, Calif. — Nyne signed SED International as the first national distributor to sell Nyne’s entire product line of high-end portable Bluetooth speakers and home audio systems to channel partners and retailers in the U.S.
Nyne also sells through “very carefully selected regional distributors as well as independent sales reps that understand our high-end brand and adhere to our MAP policy,” the company told TWICE.
Lawrenceville, Ga. - SED International Holdings reported lower sales and loss in its first quarter ended Sept. 30.
This distributor reported net sales of $126.4 million, a decrease of 18.9 percent from the prior year’s first quarter. SED said sales were negatively impacted by the weak demand for our PC, notebooks and television products which reflects similar declines within the microcomputer industry