That Was The Year That Was: A Retail Retrospective
But despair gave way to hope in the second half of the year as shoppers made Black Friday one of the biggest days ever for retail in general and CE dealers in particular. Leading the sales surge were tablets, smartphones and e-readers, the three riders of the new age of electronics, although strong demand for oversized and fully featured panels gave TV sellers reason to rejoice. The severe winter weather that pounded much of the country this winter takes the wind out of retailers’ Super Bowl sales. The most important period on the TV promotional calendar is impacted by varying degrees, dealers and distributors report, depending on local weather conditions and municipalities’ ability to tackle the ice and snow. The newly formed ProSource buying group formally debuts this month at International CES. The move brings the Progressive Retailers Organization (PRO Group) and Home Entertainment Source (HES) together under the $14 billion BrandSource umbrella to create what ProSource describes as “the largest single buying group for premium products.” Tablets appear poised to dethrone TV as the centerpiece of CE stores and websites. How A/V dealers can leverage the shift to mobile micro-computing while keeping the TV fires burning is a hot topic at TWICE’s annual Retail Roundtable, a closed-door session held during International CES that brought together leaders from every CE retail channel, as well as the distributors that supply them. The first confirmed signs of trouble at Sixth Avenue Electronics come this month when it exits the Philadelphia market after two years and drops several recently added categories including major appliances and gaming. The New York metro area A/V specialty chain shuts its three Philly stores and closes two underperforming New Jersey showrooms, bringing the chain down to 14 locations.Bad Credit Debt Consolidation Loans Nj - News
CE, IT and housewares distributor Archbrook Laguna files for Chapter 11 bankruptcy protection and plans for an August fire sale after lenders cut its credit and Samsung halts shipments following a loan default. Top creditors of the $800 million company
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