New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
MINNEAPOLIS – Seasonal markdowns and higher expenses led to a 46 percent decline in Target’s thirdquarter profits, to $341 billion.
Total revenues edged up 1.9 percent to $17.3 billion for the three months, ended Nov. 2.
In the U.S., sales rose 2 percent to $16.6 billion, aided by strength in CE and the opening of nine new stores, while comp sales increased 0.9 percent on higher average basket size but fewer average transactions.
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.
ARLINGTON, VA. – Tom Wheeler, the new Federal Communications Commission (FCC) Chairman, will join Consumer Electronics Association president and CEO Gary Shapiro for a one-on-one discussion addressing issues vital to the technology industry during the 2014 International CES
The session will take place at 2:30 p.m., on Wednesday, Jan. 8, 2014, at the Las Vegas Convention Center (LVCC), North Hall, N255-257.
HOFFMAN ESTATES, ILL. – Sales declines and continued investments in its digital shopping platform led to a $534 million third-quarter loss for Sears Holdings.
The red ink increased from a $498 million loss in the year-ago period.
Revenues fell 7 percent to $8.3 billion for the three months ended Nov. 2, and U.S. comp-store sales declined 3.1 percent on weakness in CE, major appliances and other core categories.
NEW YORK – The cellular market has matured, the smartphone market is graying, and cellular carriers and suppliers are trying new ways to boost revenues.
Carriers and suppliers are targeting new underdeveloped niches, and suppliers are hard at work expanding distribution or expanding their phone selection.
And no wonder. At the end of 2012, wireless subscriber penetration hit 102 percent of the U.S. population when combining subscriptions to cellphones and data devices such as cellular-equipped tablets and mobile hot spots, CTIA said.
ARLINGTON, VA. — The Consumer Electronics Association (CEA) said that nine automotive manufacturers — Audi, BMW, Chrysler, Ford, General Motors, Kia, Mazda, Mercedes and Toyota — will exhibit at 2014 International CES, a record for the show, to be held in Las Vegas Jan. 7-10, 2014.
They will showcase their latest technologies among an enhanced lineup of automotive technology exhibits, TechZones and conference sessions.
LONG BEACH, CALIF. – Pioneer entered the tablet market, if in name only.
Pioneer licensed its brand name to E&S International Enterprises for use on a 7-inch Android tablet now available on Walmart.com.
MINNEAPOLIS — Cost controls and improved operational efficiencies returned Best Buy to profitability in the third quarter, but a possible profit hit from a highly promotional holiday season dampened investor enthusiasm.
Best Buy shares fell more than 9 percent on chief financial officer Sharon McCollam’s gross margin warning after the retailer released it earnings last month. Wall Street was also spooked by the flat net revenue and comps, which were dragged down by offshore store closings and unfavorable currency fluctuations.
NEW YORK – A shorter holiday selling season and a financially strapped customer base led Walmart to mount Thanksgiving weekend events that were aggressive even by the discounter’s standards.
NEW YORK — Acoustic Research has begun readying a new line of CE accessories targeted toward women, known as AR For Her, that it will begin shipping in the spring.
The first product in the line will be a portable Bluetooth speaker shaped like a clutch with leather details and a face meant to mimic fabric. It will come in several designs: black or white quilted, white and pink polka-dot, blue or red studded, and leopard print. Retailers will also be able to choose customized colors, designs and patterns, the company said.
REDMOND, WASH. — The results from the first 24 hours of selling both Sony’s PlayStation 4 and Microsoft’s Xbox One next-generation gaming consoles set new records, with both cruising to a dayone tie.
Sony and Microsoft each reported selling more than 1 million units in the first 24 hours of launch. The PlayStation 4 launched Nov. 15 in the United States and Canada, and the Xbox One launched Nov. 22nd in 13 countries, including the United States.
Sony said a portion of its 1 million PlayStation 4 sales included pre-orders.