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News

Consumer Confidence Crashes in March; Future Expectations Hit 12-Year Low

March 26, 2025 by Ted Leave a Comment

The latest reading on the current mood of consumers – the Consumer Confidence Index produced by The Conference Board – dropped by 7.2 points in March to a reading of 92.9. This is the fourth consecutive month of decline. The Expectations Index, consumers’ expectations for conditions within the next six months, dropped a startling 9.6 points to 65.2…the lowest level in 12 years.

See more on this surprising read on consumer confidence

[Read more…] about Consumer Confidence Crashes in March; Future Expectations Hit 12-Year Low

Filed Under: Consumer Trends, Economic Trends, Feature, News Tagged With: consumer confidence

Samsung CEO Suddenly Dies of Heart Attack

March 25, 2025 by Ted Leave a Comment

Samsung Electronics CEO Han Jong-hee

Surprising news out of South Korea reported just today – Samsung Electronics CEO and Vice Chairman Han Jong-hee died on Tuesday morning of cardiac arrest, the company confirmed. He was just 63 years old.

Learn more about the death of CEO Han Jong-hee

[Read more…] about Samsung CEO Suddenly Dies of Heart Attack

Filed Under: Feature, Management, Manufacturers, News, People Tagged With: obituary, Samsung Electronics

Is Sonos Adrift and Directionless? Or On the Right Track?

March 20, 2025 by Ted 4 Comments

Exhibit F Sonos Motion

Recent developments and reporting within the last week seem to suggest that Sonos, Inc. (Nasdaq: SONO) is adrift and directionless as its new Interim CEO tries to right the ship. It has even canceled its next big product introduction. Is the company flailing? Or is it finally getting its act together?

See more on the recent Sonos reporting…

[Read more…] about Is Sonos Adrift and Directionless? Or On the Right Track?

Filed Under: Brands, Management, Manufacturers, News, Products, Strategy, Technology Tagged With: Nick Millington, Sonos, streaming video, Tom Conrad

More Red Flags as Sliding Consumer Sentiment & Spending Hit Economy

March 19, 2025 by Ted Leave a Comment

Red flags are flying as economy is impacted
[Image: Red flags flying on Wall Street – Microsoft Co-Pilot]

More signs of a potential downturn in the economy are emerging almost every day now, causing red flag warnings to be popping up just about everywhere. The fact that there are multiple warning signs that come from different sources tends to reinforce the general thinking that the U.S. economy is quickly entering the danger zone.

See the red flags impacting the economy that have emerged since my last report

[Read more…] about More Red Flags as Sliding Consumer Sentiment & Spending Hit Economy

Filed Under: Consumer Trends, Economic Trends, Feature, News Tagged With: consumer spending, economy, inflation, small business

Seeking to Replace the Loss of ProSource, Premium Audio Company Turns to NATM

March 13, 2025 by Ted 3 Comments

NATM member ABC Warehouse
From the NATM website [Click to enlarge]

Premium Audio Company (PAC), a subsidiary of Voxx International Corporation (Nasdaq: VOXX) and soon to be a subsidiary of Gentex Corp. (Nasdaq: GNTX), announced that it is entering into a “strategic partnership” with the National Alliance of Trade Merchants (NATM). PAC calls NATM “a leading national buying co-op of top independent retailers in the United States.” The move appears to be a pretty transparent effort to replace sales volume lost when major buying group ProSource dropped all PAC brands from its list of supported products.

Is this new partnership a good alternative? Read on…

See more on Premium Audio Company partnering with NATM

[Read more…] about Seeking to Replace the Loss of ProSource, Premium Audio Company Turns to NATM

Filed Under: Buying Groups, Dealers, Feature, Management, Manufacturers, News, Strategy Tagged With: NATM, PAC, Premium Audio Company, ProSource

Sony Donates $7.5 Million to NYU to Create the Sony Audio Institute

March 12, 2025 by Ted Leave a Comment

A photo of NYU which is partnering with Sony
NYU Steinhardt campus [PHOTO: Gabriela Bhaskar for the NY Times]

On Tuesday, New York University (NYU) and Sony Corporation announced a new partnership to establish the Sony Audio Institute, which is “…a multifaceted partnership at NYU’s Steinhardt School of Culture, Education and Human Development.” Sony has donated $7.5 million to create the institute, which is expected to launch this spring.

See more on the new Sony Audio Institute at NYU

[Read more…] about Sony Donates $7.5 Million to NYU to Create the Sony Audio Institute

Filed Under: Brands, Education, Feature, Management, Manufacturers, News, Strategy Tagged With: NYU, Sony

Making History: Sony Names Lin Tao as CFO, The First Woman to Ever Hold the Position

March 11, 2025 by Ted Leave a Comment

A photo of Lin Tao, the first woman ever named as Sony CFO
[PHOTO: Nikkei]

There is a major shakeup in the executive management team at Sony Group that will take effect at the beginning of the next fiscal year, which, as is true for most Japanese companies, starts on April 1, 2025. These are big changes to important roles, including Chief Executive Officer, Chief Financial Officer, and President.

But the change that most Sony employees are buzzing about is the person that was named as its new CFO.

See more on the new Sony CFO and why this appointment is so epic

[Read more…] about Making History: Sony Names Lin Tao as CFO, The First Woman to Ever Hold the Position

Filed Under: Feature, Financial, Management, Manufacturers, News, People

Storm Clouds are Gathering Over the U.S. Economy as Tariffs Take Effect

March 6, 2025 by Ted 1 Comment

No doubt about it, for the last few weeks, storm clouds have been gathering as many are seeing a darkening outlook for the U.S. economy. In just the last few days, three key pieces of data – red flags, really – suggest we all need to be vigilant in tracking where the economy is headed. These three pieces of data include: 1) another consumer survey showing eroding confidence; 2) key retailers warning of slowing sales from tariff increases; and 3) a new Fed estimation that the GDP will contract -2.8% in the first quarter of 2025.

See more on the gathering economic storm clouds

[Read more…] about Storm Clouds are Gathering Over the U.S. Economy as Tariffs Take Effect

Filed Under: Economic Trends, News, Strategy Tagged With: consumer confidence, inflation

Investigation Launched into Alleged Securities Fraud Claims Against Sonos

March 5, 2025 by Ted 2 Comments

Blowup of Sonos Era 300

Pomerantz Law has announced it is launching an investigation of Sonos, Inc (Nasdaq: SONO) on behalf of investors. The firm says that this action is being taken to investigate claims surrounding the company’s handling of its 2024 app disaster and whether certain Sonos officers and/or directors “have engaged in securities fraud or other unlawful business practices.”

See more on this investigation of Sonos

[Read more…] about Investigation Launched into Alleged Securities Fraud Claims Against Sonos

Filed Under: Feature, Financial, Law, News Tagged With: Pomerantz Law, Sonos

Walt Zerbe Leaves CEDIA to Join Perlisten Audio as Director of Global Business

March 4, 2025 by Ted Leave a Comment

Walt Zerbe, Perlisten Director of Global Business

In an announcement seen on LinkedIn, Perlisten Audio announced that it has appointed Walt Zerbe as its new Director of Global Business. Prior to joining Perlisten, Zerbe was with the CEDIA trade association as its Senior Director of Technology and Standards.

Learn more about Walt Zerbe and Perlisten Audio

[Read more…] about Walt Zerbe Leaves CEDIA to Join Perlisten Audio as Director of Global Business

Filed Under: News, People Tagged With: CEDIA, Perlisten Audio, Walt Zerbe

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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