By Lisa Johnston
New products on display at the American International Toy Fair, held in N
BARCELONA, SPAIN — A handful of tablets launched at the Mobile World Congress includes the industry’s first tablet with 4K video capture from Sony and more LTE-equipped models.
Sony launched the 4K video-capture tablet, which will be available in Wi-Fi and LTE versions, and Archos and Huawei unveiled LTE-equipped tablets.
Hewlett Packard unveiled business-oriented Windows tablets sold direct to enterprises and smalland medium-sized businesses, through resellers, and through HP.com.
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.
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.
MINNEAPOLIS – After being hammered for reporting in January that sales were off slightly for the holiday season, Best Buy said last week it returned to profitability in the fourth quarter and full fiscal year.
As I mentioned in our last print issue, independent retailers “are embracing, or should embrace, what TWICE likes to call ‘non-traditional’ product categories.”
TWICE@Home, a special report that begins on p. 19, should give everyone a pretty good idea of what we mean. They are categories that, as Brand Source’s Bob Lawrence told TWICE, “fit [dealers’] core mix or complement it.”
Chicago - Cobra Electronics reported higher net and operating income in the fourth quarter of 2013.
Net income was $1.9 million for the fourth quarter, compared with net income of $1.4 million in the prior year.
Operating income for the quarter was $1.8 million for the current quarter, compared with operating income of $1.4 million in the same quarter last year. These results reflected a decrease in selling, general and administrative expense that was partially offset by slightly lower net sales and gross margin, Cobra said.