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BREAKING NEWS: Nortek Reorganizes Its Reorganization

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AVC GroupToday, just a short time ago, Nortek Inc.’s AVC Group released an announcement that a major new phase of their reorganization is in the works. Specifically, the AVC Group which currently is the merged brands of Niles Audio, Elan, and Xantech, will be expanded to include SpeakerCraft, Proficient, Panamax/Furman all under the same roof. Furthermore, Nortek’s former reorganizer – Mark Terry – has been reorganized out of the newly restructured company.

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Connecting Three Powerful Partners – Technology, Vendors & Dealers

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Ron Meyerowitz at Alliance ExpoAt this week’s Alliance Expo 2012 in Newark, NJ, we sat down with event promoter Audio Associates’ CEO Ron Meyerowitz to get his take on the event…and on trends in the industry. The dealer show, held annually by the well-known New York Metro-area sales representative firm, appeared to be quite successful at a time when many in the industry find business sluggish. We wanted to know – why was this year their biggest show ever…and what is the secret of their success?

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New York’s Huge ‘Alliance Expo’ Dealer Show is Next Week

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Audio Associates Dealer Show
Audio Associates Dealer Show

<May 16, 2012> New York manufacturers representative firm Audio Associates tells me that they are ready-to-go for their huge dealer show called “Alliance Expo 2012 – Partnering for a Stronger Tomorrow” scheduled for next week and originally announced in the ALERT last month. Launching this coming Tuesday, May 22nd and wrapping up Wednesday, the company says they are pulling out all of the stops for another mega-event, taking place this year at the Hilton Doubletree Hotel in Newark, NJ. [Read more…] about New York’s Huge ‘Alliance Expo’ Dealer Show is Next Week

You Don’t Want Your Team in this ‘Sweet 16’ March Madness Bracket

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Worst Company in America Contest

<March 21, 2012> It’s March Madness – the time of year that college basketball fans wait 12 months for – and the time of year when we hear talk around the water cooler of “How’s your bracket doing?” Brackets represent the team standings and fans can track the results as each of the games play out. And this year, popular consumer blog Consumerist is mimicking the event by using brackets to track their annual “Worst Company in America” survey. [Read more…] about You Don’t Want Your Team in this ‘Sweet 16’ March Madness Bracket

Agreeing with Soul by Ludacris, Judge Orders PRO Group To Testify Now

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PRO Group logo<March 14, 2012> Over the last few weeks, we have reported on a trademark and unfair business practices lawsuit filed by Signeo, the parent company of Soul by Ludacris, against Sol Republic. In its original filing, Signeo alleged that Sol Republic deliberately selected the SOL mark used on their headphone products in order to confuse the marketplace with a name that is phonetically identical to the SOUL trademark used by Signeo on its headphones. [Read more…] about Agreeing with Soul by Ludacris, Judge Orders PRO Group To Testify Now

Pro Group Pulled into Lawsuit

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<February 29, 2012> New court documents filed late last week as part of the ongoing lawsuit Soul by Ludacris Headphonesbetween Soul by Ludacris and SOL Republic appear to more deeply entangle one of our industry’s most prominent national retail buying organizations, the Pro Group. Court filings from both sides have ignited a controversy in which certain Pro Group members appear to make a claim that is contradictory to one by the Pro Group Executive Director David Workman. [Read more…] about Pro Group Pulled into Lawsuit

It’s Official – Philips Is Out of the TV Business…Globally

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LCD TV PHILIPS<February 22, 2012> The final step in a move that has been expected by some for a long time has been completed as China’s TPV Technology Ltd. shareholders approved the acquisition of the money-losing TV division from Philips Electronics. While Philips exited the TV business here in the United States several years ago, the company enjoyed greater sales success – if not profitably – elsewhere in the world. In fact, at one time, Philips was one of the biggest television brands in the world – but no longer. [Read more…] about It’s Official – Philips Is Out of the TV Business…Globally

S&P Cuts Panasonic’s Long-Term Debt Rating…Again

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Panasonic Logo<February 22, 2012> Standard & Poors, the credit rating agency, today cut Panasonic Corp.’s long-term debt rating for the second time in only four months suggesting it continues to expect a rough road ahead for some of Japan’s most prestigious brands, according to a report in the Nikkei. [Read more…] about S&P Cuts Panasonic’s Long-Term Debt Rating…Again

TV War Won, Samsung Considers Spinning Off its Money-Losing LCD TV Business

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An electronics shop salesperson sells flat screen TVs of Samsung Electronics displayed at a shop in Seoul<February 15, 2012> Samsung Electronics Co. surprised many in the industry today when it revealed that it is considering spinning-off its LCD flat-panel television business which is losing money amid a worldwide slowdown in consumer demand according to a report by Reuters. The company says letting the LCD business go will allow it to focus on what it believes will be the next wave in television technology – OLED which it hopes will stimulate consumer demand …and company profits. [Read more…] about TV War Won, Samsung Considers Spinning Off its Money-Losing LCD TV Business

The Apple Report – Ripe or Rotten?

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apple-logo<February 15, 2012> While Wall Street has been oooing and aaahhhhhing over Apple, Inc.’s stock breaching a significant price of $500 per share earlier this week…only to drop below it again in trading today (closing at $497.67)…there has been a slew of significant Apple-related stories in today’s news on several major fronts. We offer below a summary of these significant stories from today’s press: [Read more…] about The Apple Report – Ripe or Rotten?