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.
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.
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?
KOLKATA: Prices of LED televisions with screen sizes up to 42 inches are set to increase by 5-8 per cent as early as next month, when festive season sales start picking up. Manufacturers blame a 25-30 per cent price hike of display panels, the main component for these televisions, due to lower supply in this category since global demand has shifted to larger screen sizes - of 48 inches and above. In India, 32-inch screen size TVs are still the largest-selling, commanding 37 per cent of sales, followed by 40-42 inch sets, which account for 15 per cent of sales.
A few weeks ago, Sears announced with its quarterly earnings that it was looking into doing some unspecified money-making thing with its signature house brands: Kenmore, Craftsman, and DieHard. Most observers assumed that this meant selling the brands, since Sears Holdings needs some cash flow.
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.
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 ).