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.
Remember how big-box stores with all their wide-open spaces and gleaming aisles of brand-name merchandise stacked to the ceiling wiped out the little guys in the past 15 years? How these predatory “category killers” and their triple whammy of competing on price, selection and service decided who died, survived or thrived in Canada’s retail industry?
Well, it appears consumers are rethinking their love affair with these giant outlets. In fact, the business of retail in Canada is in such a state of upheaval that scale and price matching no longer guarantee success.
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.
MONTREAL – Rona Inc. has decided not to sell its big-box store network outside Quebec, a surprising gamble for the hardware retailer as it seeks to reverse a string of six consecutive annual earnings declines under new chief executive Robert Sawyer.