Financial
Whirlpool Q1 Profits Up 19%
Benton Harbor, Mich. — Whirlpool said cost and capacity reductions and improved productivity drove solid first-quarter profits, although weakened offshore demand and the strong...
Financial
Financial
T-Mobile Beats Rivals In Branded Net Adds, But Momentum Slows
Bellevue, Wash. — T-Mobile continued to post net new branded-subscriber gains of more than 1 million in the first quarter, but the number fell...
Financial
Apple: Global iPhone Sales Hit Q2 Record
Cupertino, Calif. — The iPhone surge that began in Apple’s first fiscal quarter with the iPhone 6 and 6 Plus launches continued into the...
Financial
Amazon Investments Lead To Q1 Loss
Seattle – Amazon.com’s see-saw financials returned to the red in the first quarter as stepped up investments in fulfillment, marketing, technology and content dragged...
Financial
Tablets Drive AT&T Q1 Gain In Retail Net Adds
Dallas –Tablets rode again to the rescue to expand AT&T’s first-quarter branded postpaid subscriber base. AT&T gained 711,000 net new postpaid tablet subscriptions, offsetting...
Financial
Verizon Net-Add Gains Slow, Edge Expands In Q1
Bedminster, N.J. – Net new retail subscriber growth at Verizon Wireless slowed to 4.8 percent in the first quarter following three consecutive quarters of...
Financial
Conn’s Comps Continue Stumble
The Woodlands, Texas — Reduced inventory stemming from the West Coast port labor disruption negatively impacted Conn’s same-store sales in March, while CE sales...
Financial
Sharp Confirms Layoffs In U.S.
New York — Several weeks after a Nikkei report outlined upcoming staffing reductions at Sharp Electronics in Japan and the United States, the company...
Financial
HTC Stays In Black In Q1
Taipei, Taiwan – HTC remained in the black in its first fiscal quarter of 2015 on a 25.4 percent surge in revenues to NT$41.5...
Financial
Meridian Spins Off Sooloos Software Group
Cambridgeshire, U.K. — Meridian Audio sold off its music-software applications business to Roon Labs, a newly established company run by the two men who...
Financial
Conn’s Q4 Profits Fall 44%
The Woodlands, Texas – Conn’s fourth-quarter profits fell 44 percent to $15.5 million as operating losses widened within its credit segment. But total revenue...
Financial
Majap Promos Sink Sears Hometown’s Profits
Hoffman Estates, Ill. — Sears Hometown and Outlet Stores (SHO), the appliance, hardware and garden specialty retailer, said rampant majap discounting contributed to a...
Financial
Conn’s Comps Hit Snag
The Woodlands, Texas — Severe winter weather, tighter consumer credit, tough prior-year comparisons and the West Coast port disruptions took a toll on Conn’s...
Financial
Nortek: AVC Segment Improved In Q4
Providence, R.I. — Nortek’s audio, video and control solutions (AVC) segment improved its operating results in the fourth quarter, and Nortek expects the segment’s...
Financial
Best Buy Q4 Earnings Soar 77%
Updated! Minneapolis — Higher sales, lower costs, greater supply-chain efficiencies and more measured promotions all contributed to a 77 percent increase in Best Buy’s...
CES-2016
LG Extends, Expands NCAA Partnership
ENGLEWOOD, CLIFFS, N.J. – LG Electronics USA has extended its official corporate partnership with the National Collegiate Athletic Association (NCAA) under a new agreement...
Financial
Sears Narrows Q4 Losses
Hoffman Estates, Ill. — Lower costs, higher gross margin rates, and changes to its CE and other business models helped Sears Holdings trim its...
Financial
Lowe’s Q4 Profits Soar
Mooresville, N.C. — No. 2 home-improvement chain Lowe’s said net earnings rose 47 percent to $450 million for its fiscal fourth quarter, ended Jan....
Financial
CE E-tailer Divvy Cites Record Growth
Omaha, Neb. – Divvy, the online-only A/V and IT merchant, reported record revenue for the second half of 2014. The company, an authorized reseller...
Financial
Home Depot Q4 Profits Up 36%
Updated! Atlanta — The Home Depot said the recovering U.S. housing market and solid execution contributed to a strong fiscal fourth quarter. Net income...
Financial
Office Depot Narrows Q4 Loss
Boca Raton, Fla. — Office Depot trimmed its losses during its fiscal fourth quarter. The No. 2 office-supply chain reported an $84 million loss...
Financial
T-Mobile Posts Best-Ever Net Adds In ’14
Bellevue, Wash. — T-Mobile posted its best-ever full year of net subscriber adds of 8.33 million, cemented by 2.13 million net adds in the...
Financial
Sony To Spin Off A/V Business
Tokyo — Sony CEO Kazuo Hirai said Wednesday that the company would spin off its video and sound segment into a wholly owned subsidiary,...
Financial
Whirlpool Q4: Sales Up, Earnings Down
BENTON HARBOR, MICH. – Higher material costs, unfavorable currency fluctuations and the impact of product transitions took a bite out of Whirlpool’s fourth-quarter profits....
Financial
TracFone Net Adds Fall, Revenues Rise In Q4
Miami— No-contract cellular MVNO TracFone Wireless gained 101,000 net new subscribers in the fourth quarter, down sequentially from the third quarter’s 385,000 and year-ago...
Financial
Pioneer Posts Q3 Sales Gain, Higher Net Loss
Kanagawa, Japan – Pioneer posted an 8 percent sales gain in its third quarter to ¥136,433 million $1.15 billion), but operating income fell 39.6...
Financial
Control4 Posts Revenue, Net Gains In Q4, Full Year
Salt Lake City — Home-automation supplier Control4 posted strong percentage gains in revenue and net income in the fourth quarter and full fiscal year...
Financial
Pinnacle Speakers Undertakes New Strategies
Boca Raton, Fla. — Pinnacle Speakers, a family-owned speaker company founded in 1976, is seeking a buyer for the e-commerce portion of its business...
Financial
Conn’s Says Delinquencies Down, Sales Up
The Woodlands, Texas — Multiregional furniture, majap and CE chain Conn’s appears to have turned a corner in its efforts to stem losses from...
Financial
Sprint Posts Subscriber Gains, Widens Wireless Operating Loss
Overland Park, Kan. — Sprint reversed three consecutive quarters of net losses in retail postpaid subscribers on the Sprint-platform network and posted a 42...
Financial
CE Buoys Costco’s Jan. Comps
Issaquah, Wash. — Costco reported a low single-digit increase in CE comp-store sales in January. The gain continues a nearly year-long winning streak for...
Financial
Lenovo Raises Mobile Share As Motorola Sales Soar
Hong Kong – Motorola’s smartphone shipments jumped 188 percent to more than 10 million in Lenovo’s fiscal third-quarter ending December, boosting Motorola sales to...
Financial
Amazon Q4: Sales Up, Profits Down
Seattle – Amazon.com reported a 15 percent increase in net sales, to $29.3 billion, and a 10.5 percent decline in earnings, to $214 million,...
Financial
hhgregg Posts Dour Holiday Quarter
Indianapolis – Sharp declines in hhgregg’s computer, tablet and TV businesses, and its exit from the mobile and fitness categories, led to lower sales...
Financial
LG Tallies 28% Q4 Rise In Operating Profit
Seoul, South Korea — LG Electronics said Thursday that operating profit for its fiscal fourth quarter rose 28 percent from a year earlier to...
Financial
Samsung Q4 Revenues, Net Down
Seoul, South Korea – Flat CE sales and falling mobile sales drove down Samsung’s consolidated global revenues by 11 percent in the fourth quarter...
Financial
Electrolux Back In Black
Stockholm, Sweden — Global sales gains and cost-cutting initiatives helped swing Electrolux back to profitability in the fourth quarter. Net income was 970 million...
Financial
LG Display Reports Q4 Gains
Seoul, South Korea — Increased sales of LCD panels for TVs and displays for Apple mobile devices help LG Display reach its highest quarterly...
Financial
Apple: Surging iPhone Sales Offset iPad Decline In Q1
Cupertino, Calif. — Global iPhone sale surged 46 percent in units and 57 percent in dollars to record levels in Apple’s 2015 fiscal first...
Financial
AT&T Falls Behind Verizon In Q4 Postpaid Net Adds
Dallas – AT&T gained 854,000 net new postpaid subscriptions in the fourth quarter, up 51 percent from the year-ago quarter, with a 969,000 gain...
Financial
Tablets Drive Surge In Verizon Q4 Net Adds
Bedminster, N.J. – Fourth-quarter sales of LTE-equipped tablets again drove double-digit percentage gains in the number of net new Verizon Wireless retail postpaid connections...
Financial
Best Buy Holiday Sales Up 4%
Minneapolis — Holiday 2014 proved relatively merry for Best Buy, but the No. 1 CE retailer warned that the going may be tough in...