<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
Archives for May 16, 2012
Ciornei Makes Triumphant Return to Russound
<May 16, 2012> Russound announced today that it has retained the OAC Group to work with the company on a variety of product and marketing projects. The announcement follows the company’s recent divestiture of Colorado vNet – selling it to Russound’s former Vice President of Sales Mike Anderson. But the development is most notable for what it appears to represent – the triumphant return of Oscar Ciornei to Russound. [Read more…] about Ciornei Makes Triumphant Return to Russound
Best Buy’s Founder is Forced Out as Ex-CEO Receives $6.6 million Severance
<May 16, 2012> The news out of Best Buy Stores, Inc. continues to be ugly. Earlier this week, we learned that the board investigation into the unseemly Brian Dunn affair has taken an unexpected turn, resulting in Best Buy founder and board chairman Richard Schulze being forced out of his own company. And yet, some market analysts are celebrating. Why? [Read more…] about Best Buy’s Founder is Forced Out as Ex-CEO Receives $6.6 million Severance
Nortek’s Net Losses Continue – And Continue to Improve
<May 16, 2012> Late last week Nortek Inc. released the results of its fiscal first quarter or the period that ended March 31, 2012. Nortek – parent company to venerable industry brands such as Niles Audio, Speakercraft, Xantech, Elan, and more – showed a 7% sales increase in the quarter to $522.8 million as compared to $488.6 million in the year before. And while the company continued to book a net loss in the first quarter, it clearly showed solid improvement in several areas…including a dramatically reduced net loss of $1.2 million as compared to the same quarter last year when the net loss was $21.1 million. [Read more…] about Nortek’s Net Losses Continue – And Continue to Improve