Peter Weedfald, a longtime industry executive who has had stints at Samsung, Circuit City, his consultancy Gen One Ventures and as a columnist for our sister magazine Dealerscope, is returning to industry executive ranks with a major new role at Sharp.
A recent industry event brought together an elite group of the top integrators in the US. This 3 day event presented an overview of our industry, updates regarding new technology and important discussions of best practices and new revenue opportunities. I attended to represent BidMagic software for integrators. As a former installing dealer for elite residential clients, I felt right at home in all of the discussions.
CustomRetailer: How did you get into the business?
Two years ago, while in Upstate NY visiting our dealers, I found myself stranded for a night in Troy, N.Y., as a result of car trouble.
Ingram Micro's Consumer Electronics division announced Friday that it has named Josh Finkelstein its new senior group manager of marketing.
Ingram Micro's CE division, DBL, has named Jamie Friedman its new vendor business manager. Friedman will handle the satellite radio, home automation, 12 volt and cable zone categories.
With the big box consumer gadget chain's revenues down, it seems shoppers are heading to specialty stores or online to get their goods. Though holiday shopping has been surprisingly healthy so far, particularly online, Best Buy is feeling the pain associated with fickle consumer trends. For its third quarter ending November 27, Best Buy (BBY) reported revenues of $11.89 billion, less than the $12 billion the company pulled in the same time last year, and even less than the $12.45 billion analysts predicted. In a year dominated by new gadgets like the iPhone 4, iPad, and Samsung Galaxy Tab
As part of a new direct-to-retail distribution strategy announced at the start of 2010, Harman International made consumer interaction with its products on American showroom floors a high priority. And at Kansas City, Kan.’s Nebraska Furniture Mart last week, the first iteration of this strategy saw the light of day, in a 12-by-15-foot area of the store’s newly merchandised consumer electronics department, where the press of a single, big button will enlarge the soundfield of a flat-panel TV to a fully staged 5.1-channel demonstration.
As Tweeter, Circuit City and several other retailers have disappeared from the audio/video landscape, one would think the price-erosion would slow down. Unfortunately, that does not seem to have happened, and part of the reason is Walmart, which continues to provide the lowest price in retail. The consumer is now getting used to a new…