Sonos Slashes Headcount by 12%, Closes NY Store, and Cuts CEO Spence’s Pay 20%

In a new filing with the Securities and Exchange Commission, Sonos, Inc. [SONO:NASDAQ] announced a series of measures to try and get company costs under control in the wake of the COVID-19 impacted economy. More drastic than previous announcements, Sonos … Continue reading

B&W Offers New Products & Old Friends as Sign of Strategy Change

702 Signature [Click to enlarge] Intros 700 Series Signature Models & Rehires Past PR Agency Bowers & Wilkins (B&W), a leading high-end specialty loudspeaker brand for 54 years, that recently zigged and zagged when it was acquired by EVA Automation … Continue reading

B&W Exec James Krakowski Tells Strata-gee, Ignore the ‘Noise,’ It’s All Good

Just last Friday, the big news hit that Sound United had signed a letter of intent (LoI) to acquire respected audio specialty brand Bowers & Wilkins. Strata-gee was one of the first to break the news and from the moment … Continue reading

In Unusual Saturday Statement, B&W Says, In Effect, We’ll Speak for Ourselves, Thank You

Just ‘Early Stage Talks’ to ‘Explore Opportunities;’ No Mention of Agreement Late in the day yesterday (Friday), Strata-gee told you about an announcement from top multi-brand audio provider Sound United, saying they had reached a preliminary agreement to acquire Bowers … Continue reading

And BAM! Just Like That, Savant Acquires GE Lighting to Become a Major Lighting Supplier

WSJ Says Deal Valued at Around $250M On Wednesday, we learned that Savant Systems Inc. (Savant), has acquired the lighting business from none other than the mighty GE. Terms of the transaction were not released, but the Wall Street Journal … Continue reading

Epidemic Engulfs Emerald Expositions; Reports Massive Q1 Loss of $570.1M

CFO Admits Company Looking at Possibility of No More Shows in 2020 – and Fewer in 2021 Emerald Holding Inc., formerly Emerald Expositions Events, Inc. (NYSE:EEX), has released their fiscal 2020 first quarter results and the organization makes no bones … Continue reading

Sonos Hits Sour Note – Fiscal Q2 Sales Drop 17%, Losses Hit $52.3 Million

CEO Says Direct-to-Consumer Sales Were Big, Launching Three New Models Sonos Inc. announced Wednesday the results of their fiscal second quarter, a quarter that CEO Patrick Spence called “challenging.” The company saw a double-digit sales decline of 17% to $175.1 … Continue reading

After Nearly 18 Years, SVP & GM Doug Cole Leaves Universal Remote Control

For several days now, multiple sources have reached out to Strata-gee to report that Doug Cole, Senior Vice President and General Manager of Universal Remote Control – better known as URC – has left the company. I have confirmed his … Continue reading

Fear Factor: Consumers’ Fear Suggests a Slow Recovery from Recession

[Photo: Juan Arredondo, New York Times] COVID-19 Recession: Will Rebound be a V…U…or W? The Coronavirus pandemic has hit America big time. With a head-spinning swiftness, the epidemic swept across the country with ruthless efficiency – first impacting densely populated … Continue reading

As Overall Economy Hit by COVID-19, Layoffs Hit Tech as Well

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