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Best Buy Rebranding Reverses Historic Course

May 9, 2018 by Ted 10 Comments

Old Best Buy logoBest Buy has launched a corporate rebranding that is both sweeping in style and represents a shocking reversal of course, undoing much of its original mission that was created when founder Dick Schulze, President Brad Anderson and crew launched an entirely new store concept known as “Concept II.” Concept II was a reinvention of their formerly more traditional superstore design to a new warehouse style discount store designed to deliver the “Best Buy” on all things tech. This new branding change is to such a significant degree that even Advertising Age Magazine (AdAge) devoted significant space to an analysis of it.

See more on this surprising reversal of the genesis of Best Buy’s founding concept… [Read more…] about Best Buy Rebranding Reverses Historic Course

Filed Under: Brands, Industry Trends, Management, Marketing, News, Pivot Point, Retailers, Strategy Tagged With: Best Buy, Concept II, warehouse stores

Leon Acquires Terra Speakers, Expanding Assortment

May 3, 2018 by Ted 1 Comment

Noah Kaplan of Leon Speakers
Noah Kaplan

Leon Speakers announced this week that it has acquired Terra Speakers in a transaction that is said to offer Leon a greatly expanded portfolio of high performance products targeted for the outdoor and commercial segments. The company says this acquisition provides “new residential and commercial business opportunities” with a company renown for rugged, all-weather outdoor speakers.

See more on this Leon and Terra transaction… [Read more…] about Leon Acquires Terra Speakers, Expanding Assortment

Filed Under: Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: acquisition, James Banfield, Leon Speakers, Noah Kaplan, Terra Speakers

Docs Show Gibson Bankruptcy Bigger Than You Think

May 2, 2018 by Ted 2 Comments

Photo of Gibson CES promoFounded in 1894, it is a mark of their long-term brand success that Gibson has become such a large and far-flung international organization. In a cursory review of documents submitted to the court as part of their bankruptcy filing shows, legendary performers such as Muddy Waters, BB King, Elvis Presley, Pete Townsend, Keith Richards, Duane Allman, Elvis Costello, Lenny Kravitz, Slash, Dave Grohl, Joe Bonamassa all used various Gibson products that, in some cases, became a signature of that performer. And yes, the bankruptcy filing promotes these iconic names.

But from these Gibson filings, we’ve learned so much more… [Read more…] about Docs Show Gibson Bankruptcy Bigger Than You Think

Filed Under: Asian Connection, Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: bankruptcy, David Berryman, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Integra, Onkyo, Tascam, Teac

Gibson Brands Files for Bankruptcy

May 1, 2018 by Ted Leave a Comment

BREAKING NEWS

Filing Pre-Negotiated with Bondholders, CEO & Pres Stay thru Transition

Logo for Gibson BrandsGibson Brands Inc. announced today that it has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. Chapter 11 denotes the company plans a reorganization and the company says it has reached an agreement with certain existing bondholders called a “Restructuring Support Agreement.” This agreement is with holders of more than 69.0% of the debt due in 2018

See more on this anticipated development… [Read more…] about Gibson Brands Files for Bankruptcy

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: David Berryman, Gibson Brands, Gibson Guitar, Henry Juszkiewicz

Amazon’s Latest Secret Project Could Change Our World

April 26, 2018 by Ted Leave a Comment

Can Amazon Scoop the Industry a Second Time?

photo of a home helperAmazon has a super secret project that just might change the world…again. I have long said that the brilliance of Amazon’s Alexa-based Echo and Dot devices comes from their realization that voice control belonged in the home. While Apple (Siri) and Google (OK Google) digital voice assistants in the past were viewed predominantly as a hands-free voice assist for when you’re driving – Amazon took a different route…right into the American living room. Brilliant, and now Google and Apple are playing “catch up.”

Now we learn that there’s a new project in Amazon’s secretive Lab126 that could once again change our world.

See what we’ve learned about Amazon’s secret project… [Read more…] about Amazon’s Latest Secret Project Could Change Our World

Filed Under: Brands, Management, Manufacturers, News, Strategy, Tech Trends Tagged With: Alexa, Amazon, Dot, Echo, robots

Surprise Look at Nest Numbers: Smaller & Poorer

April 25, 2018 by Ted Leave a Comment

Look Quickly, You Likely Won’t Ever See These Numbers Again

nest logoFor the first time, because of a change in Google’s accounting, we get a look at the real financial numbers of Nest and analysts are truly surprised. It turns out, according to a report by Recode, that Nest is both smaller than many thought, and is losing a lot of money on an operating basis – so much so that it appears that any hope of profitability is far off in the future…if at all.

See what we’ve learned about Nest’s true operating financial results… [Read more…] about Surprise Look at Nest Numbers: Smaller & Poorer

Filed Under: Brands, Financial, Management, News, Strategy, Tech Trends Tagged With: Alphabet, Google, IoT, Nest

A Gibson Pile-On: Now Hit With a $50 Million Lawsuit

April 25, 2018 by Ted 3 Comments

Tronical logo

Gibson Brands CEO Henry Juszkiewicz has been very busy lately as he scrambles to arrange a $550 million bailout package in a desperate attempt to avoid bankruptcy for the storied brand. But he’s about to get a little busier as one of Gibson Guitar’s vendors, Tronical of Hamburg, Germany, sues the company for $50 million it says it is owed.

So now Tronical gets in line behind Gibson bondholders seeking payment… [Read more…] about A Gibson Pile-On: Now Hit With a $50 Million Lawsuit

Filed Under: Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: G-Force, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Tronical

TCL Multimedia Obtains Global Rights to Onkyo Brand

April 19, 2018 by Ted Leave a Comment

TCL Multimedia logoIn an announcement out of Hong Kong and reported on by Bloomberg News and others, TCL Multimedia, the large Chinese manufacturer of mostly inexpensive televisions, has announced it has obtained the rights to the Onkyo brand name which it intends to use to create Smart AV products. The company says it has the rights to the Onkyo brand globally, in all markets except Japan.

See more on what we know about this TCL Multimedia and Onkyo partnership… [Read more…] about TCL Multimedia Obtains Global Rights to Onkyo Brand

Filed Under: Brands, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Onkyo, TCL Multimedia

Florida’s C&E Mktg Acquires AV Biz of AVR in S.E.

April 12, 2018 by Ted Leave a Comment

C&E Marketing, a manufacturer sales representative firm based in Sunrise, FL announced last week that it has acquired the home AV division of Audio Video Representatives (AVR) based in Marietta, GA. C&E specializes in a wide range of custom integration lines, while AVR represents and distributes both mobile electronics and home AV lines.

See more on this expansion by C&E into the Southeast market… [Read more…] about Florida’s C&E Mktg Acquires AV Biz of AVR in S.E.

Filed Under: Financial, News, Sales Reps, Strategy Tagged With: acquisition, Audio Video Representatives, AVR, C&E Marketing, Florida, Southeast

A 2-Time Win-a, Wally Whinna Sells Allnet to SnapAV

March 22, 2018 by Ted 3 Comments

A Dramatic Shift in SnapAV’s Strategy

Photo of Wally Whinna
Wally Whinna

SnapAV announced today that it has acquired Allnet Distributing, the Chicago-based distribution company owned by Wally Whinna, who years ago sold a distribution company to Ingram Micro as part of their acquisition of AVAD. This makes Whinna a two-time winner, having created two distribution companies and selling them off, likely for a handsome profit – this time to industry powerhouse SnapAV.

See more about this latest acquisition by SnapAV… [Read more…] about A 2-Time Win-a, Wally Whinna Sells Allnet to SnapAV

Filed Under: Brands, Distributors, News, Pivot Point, Strategy Tagged With: Allnet Distributing, SnapAV, Wally Whinna

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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