News

Daewoo Electronics is one of seven Daewoo Group companies set to be spun off and become independent entities. Among other companies slated to be...

Harvey Electronics, an upscale metro New York retail chain, posted double-digit sales gains but continuing losses in its quarter and fiscal year to October...

Only a handful of major retailers and one specialty dealer released November sales figures in time for our deadline, but their figures indicate holiday...

DANIA BEACH, FLA. — Sales of A/V gear, mobile products and custom installation services helped advance Sound Advice’s revenue and earnings during its fiscal...

Reporting consumer electronics and appliance specialty retailers had strong sales performances for March and the year’s opening quarter, though same-store growth was stronger for...

TiVo, developer of a Personal Video Recorder and companion subscription Personal TV Service, reported hefty losses and modest revenue for 1999 and the fourth...

Twelve manufacturers from the computing, imaging, communications and consumer electronics fields last week announced support for making the new CompactFlash (CF) storage card system...

PORT WASHINGTON, N.Y. — Sales of digital cameras will more than double this year compared to last year, predicts NPD Intelect Market Tracking. The...

Alan Wolf & Doug Olenick A willingness to embrace change will be a retailer’s key to survival in the quick-paced world where e-commerce meets...

Consumers snapped up 3 million DVD players last year and took 1.1 million home in December alone, according to retail market tracking service NPD...

Montgomery Ward said it has had its Chapter 11 reorganization plan approved by the Delaware Federal Bankruptcy Court and that it expects to implement...

Following on the heels of its successful 720p broadcasts of the 1999 Monday Night Football series, ABC announced it will offer the National Hockey...

Bryn Mawr Stereo & Video, based in King of Prussia, Pa., has launched a new service that guarantees consumers an automatically mailed refund check...

CEA has announced that it will be running a new two-day conference for manufacturers and retailers called Business Solutions Series 2000, designed to take...

Best Buy reported fiscal first-quarter earnings almost exactly tripled those of the same year-earlier period on double-digit overall and same-store sales increases. For the...

America Online has signed a promotion and distribution agreement with Compaq Computer that will result in AOL being the “featured” consumer online service preinstalled...

Herbert Borchardt, founder of Recoton Corporation, died last Monday at age 93. Borchardt, who was the father of current chairman and president Bob Borchardt,...

By Doug Olenick and Alan Wolf Inventory issues and consumer concerns over timely deliveries were just two of the sore spots online retailers overcame...

Richmond, Va. — Under Circuit City’s three-year plan to strategically reposition itself as a consumer electronics and home office products retailer exclusively, virtually all...

Thomson Multimedia (TMM), the French parent of Thomson Consumer Electronics, turned in its second consecutive half-year of positive earnings in the six months to...

International CES will expand and cover more technology areas and audiences, beginning with the 2000 event, to be held January 6-9 in Las Vegas,...

Digital Theater Systems plans to supplement its distribution with a manufacturer’s rep program targeted to independent hardware specialists, said David Del Grosso, DTS Consumer...

February sales were brisk at Circuit City and RadioShack, where PCs and home satellite systems led the charge, respectively, while leap year provided an...

Showing the impact of this year’s surge in room air conditioner demand, both in the U.S. and overseas, Fedders reported record fiscal third-quarter results...

Bruce Alpert, advertising director of TWICE, has been named associate publisher. Alpert was a member of the original advertising staff of TWICE, joining the...

Boston Acoustics has focused on home theater and custom installation in its latest round of speaker introductions, which include its second three-way center-channel speaker...

Sony has licensed XM Satellite Radio’s technology for home, portable and car audio products and will work with XM to develop a portable audio...

Zenith moved a major step closer to finalizing its plan for emergence from Chapter 11 as a wholly owned subsidiary of LG Electronics with...

Breakthrough pricing on HDTV direct-view re-ceivers led a series of Thomson MultiMedia product an-nouncements and initiatives across several categories on the eve of CES...

Asking potential security customers for the name of their car insurance company could help close a sale, an EIA/CEG survey suggests. In a survey...

Major appliance manufacturers closed out their third consecutive record shipment year with a December that showed the biggest unit increase of any 1999 month,...

Steve Portocarrero, 42, Wilson Audio account executive and former Krell Industries N. American sales manager, died on June 7 after a long battle with...

In separate moves that indicate the growing strength of the PC CD-ROM software market, Philips Media has transferred CD-i software development to its professional...

Tweeter Home Entertainment said strong acceptance by its customers for digital home entertainment products helped it turn in record fiscal fourth-quarter and full-year sales...

Recoton is enjoying strong sales growth from its three business sectors and good operating earnings at two, according to its year-end filing with the...

Strong sales growth performances produced record fiscal third-quarter and nine-month results for Ultimate Electronics. For the three months to October 31 the Denver-based retailer...

CLEVELAND — Spurred by a surge in e-commerce business, OfficeMax reported record sales for the first quarter ended April 22, an increase of 14...

Greg Tarr, senior editor of TWICE, has been named executive editor of the paper. Tarr, who joined TWICE in 1993, has covered analog and...

Samsung held its Digit-all products press briefing in New York last week to underscore the company’s plans to be first to market with a...

CEMA announced the official formation of the Home Entertainment Support Safety Committee, consisting of TV receiver and consumer electronics furniture manufacturers. The HESSC, which...

RetailVision moves to the Midwest for the first time this fall, with the event being held at the Sheraton Chicago Hotel and Towers in...