Brands

Nortek’s Struggling AV Division Forces Company to Book a $46.2 Million Q2 Net Loss; Burke is Out

August 5, 2014 by Ted 9 Comments

Sean Burke, Head of Technology Solutions Group is Leaving Company

Nortek Inc. released yesterday the financial results for their fiscal second quarter and first half showing a solid overall sales gain of 13.9% to $718.6 million, up from $630.7 million in the same quarter last year. Sales increased at a more moderate pace for the first half, coming in at $1.266 billion or 10.1% higher than the $1.149 booked last year.

But in a bit of a surprise, the company chose to break out the results of their AV division separately – clearly exposing what many had suspected for a couple of years now – this division is in serious trouble. Even more surprising, in a filing with the SEC, the company revealed that Sean Burke, Group President of the Technology Solutions Group is leaving the company “to pursue other interests.”

See more on just what Nortek’s latest financial results show… [Read more…] about Nortek’s Struggling AV Division Forces Company to Book a $46.2 Million Q2 Net Loss; Burke is Out

Thiel’s New CEO Says Company ‘Struck a Chord’ Compelling Him to Join

July 31, 2014 by Ted 10 Comments

In a telephone interview today, new Thiel Audio CEO John Wittman told us that the company “struck a chord with me personally,” virtually compelling him to take over as CEO after the owners’ invited him to look at the company last winter. Over the course of an interview that went on for more than a hour, Wittman candidly shared his thoughts and perspectives in an enthusiastic and – to the degree he felt appropriate – open manner.

See what Wittman had to say about where Thiel is at…and where it’s going… [Read more…] about Thiel’s New CEO Says Company ‘Struck a Chord’ Compelling Him to Join

New York Metro Rep Audio Associates Adds Key Lines & Appoints New Sales Manager

July 29, 2014 by Ted Leave a Comment

Major New York Metro & Mid-Atlantic sales representative company Audio Associates has been selected by both Bay Audio and Wilson Electronics to represent their brands. In addition to this, Audio Associates separately announced that it has promoted long-time salesman George Christianis to the position of Sales Manager for the company.

See more on these changes at Audio Associates below… [Read more…] about New York Metro Rep Audio Associates Adds Key Lines & Appoints New Sales Manager

Thiel Announces a Brand Relaunch…Again

July 24, 2014 by Ted Leave a Comment

BREAKING NEWS

Thiel Audio dealers were surprised to receive an email Wednesday from the company announcing plans to – in their words – “revitalize” the storied audio brand. We last reported in April that the company had finally acknowledged to its dealers that it was moving its operations to Nashville, TN – after 38 years in Lexington, KY. This acknowledgement came one week after we reported to Strata-gee readers that the company planned to move.

Since then, the company has been silent. Now, this announcement sets out a new agenda for change – and it is an ambitious one.

See the many changes announced at Thiel… [Read more…] about Thiel Announces a Brand Relaunch…Again

Gibson Brands Opens Showroom in Tokyo

July 10, 2014 by Ted Leave a Comment

Gibson Brands (née Gibson Guitars) announced last week that it has opened a showroom in Tokyo, Japan that it calls a “pioneering music lifestyle concept showroom.” Although Gibson Brands owns many different brands, this particular showroom focuses on just three of them: Gibson Guitars, TEAC and Onkyo.

See more on this unique showroom… [Read more…] about Gibson Brands Opens Showroom in Tokyo

Monster’s ‘Head Monster’ Talks Beats & Women at CE Week 2014

July 9, 2014 by Ted 4 Comments

When the history of Monster Products is written some day in the future, there will be many legitimate highlights for their historian to ponder. First and foremost among these will be the fact that CEO Noel Lee (known as the Head Monster) virtually single-handedly created an industry when in the late 70s he popularized step-up, higher quality speaker cables that independent specialty retailers pushed like crazy over zip cord because it was much more profitable for them (and for Lee). And even though Monster Cable was more expensive for consumers, a clever Monster-created retail display demonstrated to them that they could indeed hear the difference with their own ears.

But we’re pretty certain one scene will not make Monster’s corporate history highlight reel – the company’s failure to continue to capitalize on its partnership with Beats by Dr. Dre. That partnership dissolved some two-plus years ago…with Beats going on to be purchased by Apple recently for $3.2 billion. Monster’s share of that eye-popping windfall: $0.

So why, in the wake of that loss, is Noel Lee talking about Beats to anyone who will listen??… [Read more…] about Monster’s ‘Head Monster’ Talks Beats & Women at CE Week 2014

Sony, Desperate to Cut Overhead, Launches Early Retirement Incentive

July 7, 2014 by Ted Leave a Comment

Sony Corp., the troubled Japanese giant consumer electronics company, has launched an internal early retirement program in a bid to cut overhead in its headquarters. The company has already announced major worldwide staff cutbacks, but it hopes this new incentive for headquarters staff will cut administrative costs by about 30%.

See more about this newly announced initiative… [Read more…] about Sony, Desperate to Cut Overhead, Launches Early Retirement Incentive

A Deeper Dive into the World of Dolby Atmos; Is This Audio’s 3D?

July 2, 2014 by Ted Leave a Comment

GUEST POST

Is Dolby’s new Atmos format the next frontier in surround sound processing? Or will it merit a repeat of Paul Klipsch’s famous line: “Ho, hum, another breakthrough”?

You’d certainly think the former after prowling the aisles at the just-concluded CE Week in NYC. Both Onkyo and Pioneer showed prototype Atmos-enabled A/V receivers (complete with demonstrations under what must be called “challenging” conditions) while Yamaha, Denon, Marantz, and Integra all indicate they’ll be ready with an array of products in late Q3 or early Q4 this year. But will Paul Klipsch be proven prophetic once again, even if posthumously? That remains to be seen.

The Thinking Behind Atmos…

Core Brands Awards The Bulk of Its Brands to Atlantic Integrated For NY Metro

July 2, 2014 by Ted Leave a Comment

Core Brands, LLC, a division of Nortek, Inc., announced Tuesday that Atlantic Integrated, a Rockleigh, NJ-based sales representative company, has been awarded most of its brands for representation in the New York Metropolitan region and Fairfield County, CT. This appointment is effective immediately and represents a realignment of the brands under one rep firm.

See more on this major announcement for the NY metro market… [Read more…] about Core Brands Awards The Bulk of Its Brands to Atlantic Integrated For NY Metro

Atmos Attacks at CE Week 2014

July 2, 2014 by Ted 11 Comments

One of the big themes at CE Week 2014 was the unofficial official rollout of Dolby’s latest surround sound technology – Atmos. Both Onkyo and Pioneer intro’d, displayed, and demo’d Atmos systems. However, since both companies showed prototypes, what we heard was only an approximation of what the final production units should sound like.

We participated in demos of, and closely listened to, BOTH the Onkyo and the Pioneer Atmos systems.