Tweeter To Buy Douglas TV
CANTON, Mass. — Tweeter Home Entertainment said it plans to purchase Douglas TV, The Big Screen Store, a five-unit electronics specialty chain based in...
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CANTON, Mass. — Tweeter Home Entertainment said it plans to purchase Douglas TV, The Big Screen Store, a five-unit electronics specialty chain based in...
CompUSA’s pending purchase by Mexican conglomerate Grupo Carso is being lauded by retail analysts as a win-win for both parties. According to observers, CompUSA,...
SEATTLE — Amazon.com reported a second-quarter pro forma net loss of $115.7 million, representing a 32 percent increase in losses over the comparable period...
RICHMOND, Va. — Circuit City will be out of the major appliance business by Christmas. In a move that will radically alter the retail...
For years, Circuit City has operated stores in Best Buy’s corporate backyard of Minneapolis, Minn. Last Friday, the nation’s largest consumer electronics retailer returned...
Bentonville, Ark. — Wal-Mart plans to expand its major appliance pilot program with GE from 12 stores to about 100 by next spring. According...
New York — CE specialty retailers managed to sidestep the summer malaise affecting broad-line merchants and posted largely positive sales figures for the season....
Tandy is officially changing its name to RadioShack Corporation. Calling it a vote of confidence in the future of its CE chain and an...
Circuit City will sell America Online’s services in its stores and will get preferential placement on all AOL shopping portals under terms of a...
OfficeMax is handing over its PC business to Gateway. Under terms of a five-year strategic alliance, the nation’s number-three office supply chain will supplant...
CompUSA has unveiled a sweeping strategic plan designed to return the ailing computer superstore to profitability. The company said it would overhaul the business...
FORT WORTH, Texas — An “explosion of consumer interest” in digital A/V products and broadband access helped RadioShack’s earnings rocket 22 percent in the...
BENTONVILLE, ARK. — Wal-Mart, the world’s largest retailer, will begin selling major appliances later this month under a pilot program with GE. The market...
Circuit City will open six to eight freestanding appliance stores later this year in Florida and Richmond, Va. The stores, representing the chain’s first...
NEWTON, Iowa — Maytag has replaced major appliance president William Beer after three years in that post. He was succeeded by Lawrence J. Blanford,...
Minneapolis, Minn. – Best Buy will begin selling AT&T broadband services, including digital cable TV and high-speed cable Internet access, through in-store kiosks this...
OfficeMax is shaving its product assortment and vendor roster as part of a strategic initiative designed to improve long-term profitability. The action, which begins...
Best Buy established an Internet subsidiary last week, BestBuy.com, which will absorb all of the chain’s e-commerce personnel and assets and set web strategies...
Four months after adding electronics to its product mix, Amazon.com has doubled its CE assortment and spun off its software offerings into a separate...
Key America, the $3.5 billion buying group, has entered the e-commerce space by launching its first selling site, and by forging an online alliance...
LAS VEGAS — At its largest-ever convention and buying fair, held here at the Paris Hotel last week, Associated Volume Buyers (AVB) implored its...
West Carrolton, OH — Roberds, the long-struggling furniture, appliance and electronics chain, has ceased operations. The 29-year-old retailer, which has been operating under Chapter...
Sears has partnered with America Online in the latest alliance between a national retailer and a major ISP. The cross marketing agreement, announced this...
Fort Worth, Texas — Nearly one year after forging their ISP pact, RadioShack and Microsoft began selling broadband service today in 5,800 of the...
OfficeMax president John Martin is leaving the office supply superstore and his position will be eliminated as part of an organizational restructuring. The new...
PARK RIDGE, N.J. — Sony said it will begin selling a wide assortment of competitively priced CE products directly to consumers via SonyStyle.com, the...
HOFFMAN ESTATES, Ill. — Sears said it is studying plans to build freestanding consumer electronics and major appliance stores. Outgoing chairman and CEO Arthur...
Newton, Iowa — Months after rumors began circulating of Maytag’s possible purchase by Electrolux, a report in today’s New York Times has refanned the...
Several major ISP deals were brokered this week in a flurry of activity that saw top consumer electronics retailers teaming up with the leading...
RadioShack is opening a 20,000-square-foot test store that is configured as brick & mortar incarnation of the chain’s e-commerce site. The store, called RadioShack.com,...
Tandy’s five-year ISP pact with Microsoft completes a critical piece of chairman Len Roberts’ home connectivity strategy for RadioShack. Following a pattern Roberts established...
Tops Appliance City, the 10-store New York metro area specialty chain, is moving out of personal computers, peripherals and some small CE products to...
HOFFMAN ESTATES, Il. – Sears added consumer electronics, PCs and office equipment to its e-commerce assortment today, and has redesigned its website, Sears.com, to...
Tops Appliance City, the New York metro area superstore, has expanded its presence in both physical and cyber space. On the brick-and-mortar front, the...
Sears said it is dropping Hewlett-Packard and eMachine PCs to make Compaq its exclusive Windows-based computer supplier. Compaq, which currently shares shelf space with...
Circuit City is converting upwards of 35 Superstores to an electronics-only mix and will open six to eight freestanding majaps stores later this year....
NEW YORK — Best Buy’s long awaited entry into the New York market will finally occur this fall. After first aiming for February, and...
Macy’s is back in the consumer electronics business. After abdicating the category three years ago-as has most of the department store channel-Federated is using...
Richmond, Va. – Circuit City said plummeting appliance sales caused its comp-store numbers to slump for the second quarter ended August 31. The chain,...
The creation of ASTAR may be coming closer to reality. At press time, about 15 independent retailers, most affiliated with existing buying organizations, convened...
Struggling catalog showroom Service Merchandise said it will exit the consumer electronics category and slash more than 5,000 jobs as part of its plan...
Losses averaging $1 million a month from January 1998 through September 1999 have prompted home furnishings retailer Roberds to seek Chapter 11 protection and...