New data from market researcher Forrester Research Inc. suggests that retailers should forget about trying to attract millennials or other younger shoppers and instead shift gears to reach out to baby boomers. Why? Quite simply, that’s where the money is.
Economic Trends
Sharp Officially Announces Its Exit from the Canada TV Market
BREAKING NEWS
Canadian tech industry website WiFiHiFi (wifihifi.ca) announced today that it has confirmed that Sharp Corp. will exit the Canadian TV market. Much in line with our recent reporting on the troubled brand, this is probably just the first shoe to drop…there will most likely be more.
See more on what WiFiHiFi has learned about the situation… [Read more…] about Sharp Officially Announces Its Exit from the Canada TV Market
Sharp to Launch Major, and Painful, Restructuring
Out of Osaka, Japan we learn that Sharp Corp. is about to embark on a major restructuring of its business that will likely change the company in fundamental ways. Plans call for closing domestic factories – a first for Sharp – staff cuts, and a possible exit from a major business segment for the company. Sharp is also seeking to raise capital, something that is not easy for a struggling company.
See more on this new announcement from Sharp… [Read more…] about Sharp to Launch Major, and Painful, Restructuring
U.S. Market Hit With Largest Decline in Retail Sales in 11 Months
New data released by the Commerce Department showed an unexpectedly large drop in retail sales for the month of December. In fact, U.S. retail sales had their largest across-the-board drop in the past eleven months – plunging economists into vigorous debate over just what this means for the economy.
What were the worst performing retail segments? Read below to see more… [Read more…] about U.S. Market Hit With Largest Decline in Retail Sales in 11 Months
Here Are Affluents’ Holiday Shopping Plans
If you are like many of our readers, you are either a custom integrator or specialty AV retailer who serve the Affluent ($75,000 per year income and up) market. Two new pieces of market research provide colorful illumination of the holiday shopping plans of Affluents for this coming holiday season.
And the results of this research may give you pause… [Read more…] about Here Are Affluents’ Holiday Shopping Plans
Economy Falling into Recession, Moody’s Cuts Japan’s Credit Rating
Saying that there is “rising uncertainty” with regards to the country’s debt situation, Moody’s has cut Japan’s credit rating. Yet another indicator of fundamental problems in one of the world’s most powerful economies, Japan’s problems go well beyond its dramatically changing TECH industry.
See more on this surprising downgrade and what it means… [Read more…] about Economy Falling into Recession, Moody’s Cuts Japan’s Credit Rating
Economists Predict Rapid Ramp-Up in Residential Construction
We were fortunate enough to receive an invitation from the National Association of Home Builders (NAHB) allowing us to participate in their annual Fall Construction Forecast presentation, a webinar put on for the benefit of their members last week. Boy! Are we glad we attended! Not only did the organization offer up a roster of world-class economists with really interesting insight into what’s going on in the economy – they also offered reams of really valuable data delineating the latest trends in construction.
Their predictions were – to put it mildly – shocking! Read below to find out why…
[Read more…] about Economists Predict Rapid Ramp-Up in Residential Construction
Sharp to Close European Operations; Licenses Brand to UMC of Slovakia
3,000 Sharp European Employees to be Cut
Sharp Corp. said late last week that it has reached an agreement with Universal Media Corp. of Slovakia to license its brand and market Sharp branded products in Europe. As part of this strategy, Sharp will either sell or close its factory in Poland, cutting approximately 3,000 employees in total between their company-owned factory and European operations.
See more on this development, as Sharp pursues a new business strategy…. [Read more…] about Sharp to Close European Operations; Licenses Brand to UMC of Slovakia
Builders Group Holds Mid-Year Construction Forecast Meeting; Economists Cautiously Optimistic
The Associated Builders and Contractors, Inc., (ABC) a builders trade association, held their third annual Mid-Year Construction Forecast presentation this week…inviting economists from three industry-related associations to present their outlook on the construction industry. This year, the invited economists included Kermit Baker (American Institute of Architects, AIA), David Crowe (National Association of Home Builders, NAHB), and their own Anirban Basu (ABC).
The economists this year were, overall, cautiously optimistic – with a heavy emphasis on caution.
See more on the presentations from the construction industry economists… [Read more…] about Builders Group Holds Mid-Year Construction Forecast Meeting; Economists Cautiously Optimistic
Sharp Ends Production of Solar Panels at Tennessee Factory – 300 to Lose Their Jobs
Sharp Corporation announced that it has decided to end production of solar panels at its factory in Memphis, Tennessee, the Nikkei reported today. As a result, 300 jobs will be eliminated at the facility.