AudioQuest Announces Downsizing A relatively large number of readers and industry sources have reached out to Strata-gee with word of cutbacks and layoffs at various industry brands – as the impact of coronavirus (COVID-19) takes its toll on the U.S. … Continue reading
High performance loudspeaker manufacturer Bowers and Wilkins (B&W) sent a letter to their dealers last week addressing issues that have arisen recently, especially as they pertain to the management of the company. As is often the case with this company, … Continue reading
When news first appeared two months ago that Frank Sterns was making the move from Sony to Sound United, many folks asked…why? At Sony, he was a top executive with a global CE leader positioned at the top of the … Continue reading
Maybe you’ve heard the buzz about a major shake-up taking place at B&W. Reports out of the U.K. say that Gideon Yu, Greg Lee, David Liu and others have all stepped down from the Board of Directors. There is a … Continue reading
Owner of CEDIA Expo & CE Pro, Emerald Books Revenue Drop of $20M & a Record $50 Million Net Loss I hardly know where to begin, there’s so much to unpack here from a 20-page quarterly report and a 210-page … Continue reading
By now, most integrators have heard the siren call that they should launch a recurring monthly revenue program (RMR) to add profits and deepen their relationships with their clients. But to many of them, this is an idea that is … Continue reading
Melrose Industries plc, the British turnaround specialist who acquires underperforming companies to improve their operations and management for resale, is now actively considering selling off the bulk of Nortek in a deal that could be worth $3 billion, according to … Continue reading
A Bose mall location [Photo: Julia Banks, Boston Business Journal] Bose Corp. announced earlier today that it will close a total of 119 Bose retail stores as a response to changing retail purchasing trends. The locations to be closed represents … Continue reading
Buyer/seller negotiations on the CES floor are getting pretty tough! Image is from the WWE, a new exhibitor at CES this year For many, many years the Consumer Electronics Show (CES) – an exposition hosted by the Consumer Technology Association … Continue reading
Universal Remote Control, Inc. (URC) has had a round of layoffs heading into the holidays. Taking place last week, the remote control giant has made cuts to its team that represent approximately 6% of their total workforce. Learn more about … Continue reading