San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Osaka, Japan — Sharp Electronics reported a wider loss on flat sales for its fiscal year, ended March 31 and has replaced its president.
The net loss was 545.3 billion yen for the year, compared with a net loss of 376 billion yen in the prior year. Operating loss was 146.7 billion yen compared with the prior year’s 37.5 billion yen loss. Net sales were up 0.9 percent to 2,478.5 billion yen for the year.
Mahwah, N.J. — Sharp Electronics recently notified specialty A/V dealers handling the jointly administered Sharp/Pioneer Elite TV line that it will not be offering any new models under the premium brand this year.
Jim Sanduski, Sharp strategic product marketing VP, told TWICE that the company has been unable to acquire a key component part needed for the advanced TVs, which has forced it to put plans on hold for any new products for the foreseeable future.
He added the company has sold through inventory on models from the prior year.
Tokyo — As its next financial report draws closer, Sharp Corp. is reportedly planning to promote executive VP Kozo Takahashi to president, replacing Takashi Okuda, who is to become the new chairman, according to a Nikkei news report Monday.
Meanwhile, another report in the Asahi Shimbun on Friday said Sharp is also planning to cut 5,000 employees as part of a three-year restructuring plan.
Mahwah, N.J. — Sharp Electronics Company of America (SEMCA) said Thursday that John Revie has been promoted to home entertainment sales VP, replacing John Homlish, who has joined Haier America.
Previously, Revie was Sharp’s product marketing VP, having joined the company in August after a long association with Samsung Electronics
In his new role, Revie will be responsible for all home entertainment sales through the national, regional, distribution and specialty channels.
New York — John Homlish, formerly Sharp Electronics Marketing Company of America (SEMCA) home electronics sales VP, has joined Haier America in the newly created position of TV group sales and marketing senior VP, said sources connected to the companies.
Homlish will begin his new assignment with Haier April 29.
In the position, Homlish will assume many of the duties that were handled by Doug Lane, who left Haier four months ago to join RadioShack.
Seoul, South Korea — Samsung Electronics extended a $110 million lifeline investment to Japan’s Sharp on Wednesday, giving the South Korean giant another source of LCD displays for everything from TVs to mobile devices.
Samsung will get a 3 percent stake in Sharp after the deal is completed at the end of the month.
Sharp has been restructuring its operations in the face of continued losses. It is expecting an estimated $5 billion loss this fiscal year.
Mahwah, N.J. — Sharp Electronics said Tuesday it was named a 2013 Energy Star Partner of the Year by the U.S. Environment Protection Agency.
Sharp is being recognized for its “exemplary commitment and dedication to energy efficiency” through its more than 154 Energy Star-qualified models across seven product lines in 2012.
Sharp was also commended for having the biggest share of large-screen televisions recognized as “Energy Star’s Most Efficient 2012.”
Osaka, Japan — Sharp Electronics reported lower sales, but an operating profit and a reduced net loss for its fiscal third quarter, ended Dec. 31, 2012.
Net sales were up 15.1 percent year on year to 678. 2 billion yen, and operating income was 2.6 billion yen, compared with a 24.4 billion yen operating loss in the prior year’s fiscal third quarter.
The net loss for the quarter was 36.7 billion, an improvement over the 173.6 billion loss in the prior year’s fiscal third quarter.
Mahwah, N.J. – Sharp Electronics revealed Monday that it was found to be the top market share leader for 60-inch and larger LED LCD TVs in the United States in 2012, according to The NPD Group’s Retail Tracking Service.
The feat was achieved by Sharp’s larger selection of large-screen choices, picture quality performance and brand strength, Sharp said. The TV manufacturer added that it more than doubled its market share between 2010 and 2012 (based on revenue share).
LAS VEGAS – Sharp introduced here Monday 20 60-inch plus Aquos LED LCD TV models, more than half of which will incorporate the company’s proprietary Quattron quad-pixel technology.
The company is expanding its 60-, 70- and 80-inch screen-size offerings, with more feature selections and new slim cosmetic designs.