The company Element Electronics has moved the assembly of its larger televisions from Asia to Canton, Mich., and they’ve already sold out for the year now that several big box stores have taken notice. NBC’s Kevin Tibbles reports.
TORONTO — Electronics retailer The Source has the unusual fortune of having been in the right place for a long time.
While most peers in its sector are scaling back amid a prolonged period of product deflation and competition from Amazon, the Canadian chain once known as Radio Shack is seeing an upside from having a service-heavy local store format that is back in vogue with time-strapped consumers.
Submitted by Charles Hugh-Smith of OfTwoMinds blog, Will we ever tire of navigating the multiple layers of intermediaries between the customer and the provider, while corporate profits soar to unprecedented heights?
Once an item has been formally recalled by the Consumer Product Safety Commission, it becomes illegal to sell that item. Yet the CPSC reports that Best Buy, Magnolia, Best Buy Private Auction, CowBoom, and TechLiquidators continued to sell products that had already been recalled in 2012 and 2013.
KOLKATA: Sony India will roll out smaller-screen size televisions that run on Google's Android operating system to lower prices and drive the adoption of smart TVs — a category that's received a lukewarm response in the country. The company is working with its Japanese headquarters to develop a 32-inch screen for its Android televisions. It currently offers 43-inch models that start at Rs 66,900. Sony said 32-inch televisions still account for 45-50 per cent of sales. Android's presence in this segment is vital to win market share and success, said Sony India head sales Satish Padmanabhan.
Best Buy Co Inc. (BBY) believes that Ultra High Definition (UHD) televisions, or 4K TVs, are going to the next big thing in home entertainment, after flat panel and high definition TVs. While some skeptics think that 4K technology is a gimmick, just like everyone thought 3D was, and that Americans will not switch to it, especially given their high price of around $2,500. Others are staggered by the amazing sharpness and picture quality of the UHD display.
Connected TVs are on pace to take over the television viewing experience. There will be more than 759 million televisions connected to the Internet worldwide by 2018, more than double 2013's number, according to Digital TV Research.
FOWLERVILLE, Mich. (AP) — A hardware store in Fowlerville is closing after 122 years in business. The economy and competition with big-box stores were too much for Fowlerville True Value Hardware to overcome, the owners told the Livingston County Daily Press & Argus of Howell ( http://bit.ly/190cHmq ).
Connected TVs already have a pretty high penetration — 63% — in U.S. households with broadband access, according to a survey by The Diffusion Group. This penetration rate — which accounts for smart TVs and televisions that connect to the Internet through a third-party device like a Roku box — jumped 10 percentage points, growing from 53% in 2013.