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.
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 ).
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.
The Academy Awards is nicknamed "prom for Hollywood," but it isn't just the biggest night of the year for Hollywood star-watching — it's also one of the biggest live TV events of the year, which means an ad goldmine for ABC (owned by
ByBenedict Tubuo (Beevest):The era of dominant technology platforms will fundamentally change consumer electronics retail and make Best Buy (BBY) and big box electronics retailers increasingly less relevant. Consumer electronics retail has been one of the most competitive and rapidly evolving segments over the last 10 years. It has evolved from hardware to software and to digital.
Starting in mid-May, about a third of Best Buy stores in the U.S. will be reconfiguring their home entertainment departments to make away for a new feature: “The Sony Experience at Best Buy.” It’s the latest instance of the electronics chain introducing a flashy store-within-the-store dedicated to one brand–something it did last year with both Samsung mobile gadgets and PCs running Microsoft’s Windows.
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.
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.