By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Boston – Consumers who purchased defective products from Coby Electronics prior to that firm’s acquisition by Gordon Brothers Group are essentially out of luck.
In a written statement to TWICE Gordon Brothers said that under the terms of the sale that the company could only purchase certain assets controlled by Coby’s secured lender.
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.
Mahwah, N.J. — Longtime industry veteran Jodi Sally has joined Sharp Electronics Marketing Company of America (SEMCA) as the company’s new home entertainment products marketing director.
Sally was most recently marketing VP at Coby, and previously held senior marketing roles at Toshiba and Panasonic.
At Sharp Sally will oversee the product-based marketing of Sharp’s consumer home entertainment portfolio. She will report to Jim Sanduski, SEMCA strategic product marketing VP.
Boston - Gordon Brothers Group signed an agreement to purchase all Coby Electronics inventory, fixtures, equipment, intellectual property, global trademarks and patents and revive the business.
Gordon Brothers said it “will infuse capital into the company in support of the development of new products and go-to-market strategies for Coby that will enable an expedited return of the company’s various product lines to the marketplace.”
Lake Success, N.Y. — Coby Electronics last Friday reduced its staff by another 17 people, including president Mike Troetti and all sales, marketing and product-management staff except for four salespeople, sources close to Coby told TWICE.
Lake Success, N.Y. — Coby Electronics announced the layoffs of 35 percent of its Coby USA staff, or a total of 42 people, and the closing of the company’s Savannah, Ga., warehouse.
Contributing factors as “the prevailing economic headwinds and the convergence of products that Coby, along with other suppliers in the consumer electronics space, are facing,” the company said in a statement.
Coby said it “had little choice but to restructure its operations to ensure the company’s continued business success.”
Lake Success, N.Y. – Coby Electronics shipped its first Android tablet with access to the Google Play Store and Google Mobile services, and the company plans to ship two more in March and additional models later in the year.
Coby, a longtime supplier of Android-based tablets, previously offered Android tablets that accessed thousands of free apps through the GetJar app store.
Lake Success, N.Y. — Coby is making its Android tablets more business-friendly.
The company partnered with CloudLink, known for its Android productivity apps, and Mobile Systems, a provider of personal productivity software, to offer an expanded range of preloaded business-focused apps for Coby’s Kyros line of tablets. The apps are available on tablets currently shipping to retailers.
Lake Success, N.Y. — Coby Electronics introduced three TVs in its “16 Series” of LED TVs, featuring the brand’s thinnest bezel designs to date.
The new TVs, which ship this month in time for the holiday buying season, are available in three screen sizes: 29, 32 and 39 inches.
Models include the 29-inch LEDTV2916 ($230 suggested retail), the 32-inch LEDTV3216 ($250) and 39-inch LEDTV3916 ($350).