New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
NEW YORK — Consumers are ready to purchase Ultra HD TVs, but manufacturers will need to ensure specs are kept simple and easy to understand in order to take full advantage of the upcoming refreshment cycle.
A panel of TV makers and experts convened last week at the TWICE/CEA Ultra HD Conference, held at the Metropolitan Pavilion as part of CES Unveiled New York, where they discussed the challenges of making specs relatable to consumers and debated whether Ultra HD is an evolution or a revolution of TV technology.
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.
NEW YORK — Jay Vandenbree, senior VP of the LG Electronics USA’s home entertainment division, showed for the first time in the U.S. market a 77-inch Ultra HD OLED curved-screen TV from Korea during his keynote address at the TWICE/CEA Ultra HD Conference, here, last Tuesday.
The debut of a 77-inch for the U.S. market will take place during International CES in January.
In his remarks, Vandenbree called Ultra HD TV “a game changer for our industry,” saying, “This is the future.”
BENTONVILLE, ARK. — Walmart reported that its “October Savings” promotion helped “more challenging categories” like TV and offset concerns over the government shutdown and debt ceiling debate, said Walmart U.S. president/CEO Bill Simon, said when the retailer released its quarterly financial last week.
But CE comps faltered at Sam’s Club.
NEW YORK — Harman International will open its first U.S. store on Nov. 21 to demonstrate its home, aftermarket car and pro audio products and sell select home audio gear to consumers.
The two-level, 8,500-square-foot store on Madison Avenue in Manhattan will also serve as “a key showroom and experience center for our channel and technology partners and for our automotive OEM customers to get a full brand experience,” said Michael Mauser, president/executive VP of the Harman lifestyle division.
For suppliers attending the 2014 International CES that want coverage of their products in the TWICE Jan. 7 issue and the Official CES Daily published by TWICE, we must receive your information by Wednesday, Nov. 20.
*Only official CES products will be featured in the Daily. Please include your booth number and no more than three high-resolution (300 dpi) images.
Christmas happens every year, even in wacky ones like this – from a calendar standpoint – where Thanksgiving is on the latest date possible, Hanukkah lands on the same day, and Dec. 25 is on a Wednesday.
FORT WORTH, TEXAS – Even RadioShack’s biggest boosters grew wary last month when the chain reported its seventh consecutive quarterly loss.
The red ink swelled to $112 million for the three months, ended Sept. 30, compared with a year-ago loss of $47 million, and RadioShack’s share price sank 18 percent at the close of trading that day, its biggest one-day dip in more than a year.
The results, wrote BB&T Capital Markets analyst Anthony Chukumba in a research note, did not provide much reason for optimism.
INDIANAPOLIS — h.h.gregg said a precipitous drop in its TV business, and reduced revenue from mobile phones and notebook computers, led to sales and earnings declines in its fiscal second quarter.
Net income slipped 2 percent to $3.7 million for the three months, ended Sept. 30, while net sales dropped 3.3 percent to $568.3 million.
SAN DIEGO – Columbus Day is the fourth-largest holiday for majap retail circulars, and laundry, as it is for most events, was the most heavily promoted category of the period last month, a new proprietary study by market research firm Gap Intelligence shows.
Retailers began releasing their Columbus Day circulars a week before the holiday, and h.h.gregg led a seven-chain pack monitored by Gap with a total of 44 laundry ads in 17 major and mid-sized U.S. markets — down from a high of 74 inserts over the Labor Day period.
NEW YORK – Electrolux, GE and Whirlpool each reported robust appliance performance in North America during the third quarter.
Whirlpool said net sales rose 4.4 percent to $4.7 billion for the three months, ended Sept. 30, on strong growth in North America, while profits rocketed 164 percent to a record $196 million due to higher revenue, increased productivity, and cost and capacity reductions.