Harvey June Sales Up 16%
LYNDHURST, N.J. — High-end retailer and home theater and audio products installer Harvey Electronics said net sales for the month ending June 23 increased 15.7 percent to $2.6 million, compared with $2.3 million in the same month last year. For eight months, net sales jumped 12.8 percent to $26 million, up from $23 million in the same eight months of 2000. Comp-store sales for June increased 1.1 percent, compared with the year-ago period. Comp-store sales for the eight months were up about 7.8 percent, compared with the same period last year. Net sales for the first two months of Harvey's fiscal third quarter were up about 14.9 percent from the same two months in 2000. Comp-store sales for the same two months jumped 2.3 percent. The retailer said that overall July sales have been strong to date.
Satellite Repair Startup Targets Manufacturers
HARRISBURG, PA. — Technical Satellite Repair (TSR), a satellite repair and refurbishing company, has begun serving satellite system manufacturers and service centers throughout the United States. In making the announcement, president Charles Romano said the company guarantees in-house repairs of all brands of products with a turnaround time of 48 hours from receipt. TSR currently employs 25 service technicians and administrative staff, many of whom were previously employed by a major manufacturer.
D&H Teams With Philips CE
HARRISBURG, PA. — D&H Distributing has entered into an agreement with Philips Consumer Electronics North America to distribute the manufacturer's wide range of CE products in the United States. Product categories include TVs, VCRs, DVD players, stereo systems, MP3 players, Pronto universal remote controls and plasma display TVs. As part of the deal, D&H will provide Philips resellers inventory via the distributor's six U.S. warehouses, which it says creates the potential for more expedient shipping. D&H also will offer incremental vertical market sales for Philips' products through the distributor's specialized divisions, including education and government, as well as an extensive computer products unit and a broad base of networking customers. The D&H deal follows an earlier agreement with fellow Keystone State distributor Almo Corp., which now handles premium incentive and professional products for Philips.
Utimate, Best Buy Teed Off
DENVER — Ultimate Electronics kicked off its inaugural Ultimate Electronics Children's Fund (UECF) golf tournament in Phoenix. Funds raised from the tournament will support the Boys & Girls Clubs educational programs and UECF will award $142,000 during the next year to various Boys & Girls Clubs, the retailer said. The event was followed by last month's 8th Annual Best Buy Charity Classic golf tournament in Minneapolis. The two-day tourney involved more than 2,000 business executives and 350 Best Buy volunteers who came together to support the Best Buy Children's Foundation. The foundation was created in 1994 with the objective of improving the quality of life of school-aged children. Last year the foundation awarded more than $1.9 million in grants to youth programs across the country.