Luxman America has appointed well known industry executive John Pravel as its Vice President of Sales. Previous to this appointment, Pravel was one of Luxman’s sales representatives in upstate New York.
Luxman Appoints John Pravel VP of Sales
News
Housing Starts in Sharp Slide in September
As the economy continues to show more signs of a slowdown, we can’t help but notice increasing volatility in the month-to-month readings of various statistics. The latest government data on housing construction starts is a great example of this. After a big jump in August, starts dropped in September by 9.4% – a larger than normal amount – from the revised rate in August.
See the surprising slump in housing starts…
[Read more…] about Housing Starts in Sharp Slide in SeptemberGiving No Ground, Lenbrook Launches Robust Retaliation to Sonos Lawsuit
After receiving a stipulation allowing them more time to respond, Lenbrook Industries Ltd, and Lenbrook America, last week filed their response to the Sonos patent litigation they were hit with in June. It was a robust and smart response that clearly communicated that Lenbrook planned to give no ground in this dispute.
While perhaps not quite as audacious as the D&M response when they were first dealt the blow of litigation…Lenbrook offered a smart and savvy response that not only pushed back but seemingly undercuts many of Sonos’ core allegations..and patents.
Sonos v Lenbrook is heating up…who has the advantage?…
[Read more…] about Giving No Ground, Lenbrook Launches Robust Retaliation to Sonos LawsuitNortek Figures Prominently, If Not Always Positively, in Melrose Industries’ 1st Half Fiscal Results
Melrose Industries PLC, a U.K. based investment group that purchased Nortek, Inc. back in 2016, released their fiscal 2019 first half financial results last month (for the period ending June 30, 2019). And while the results showed strong sales growth (thanks to a large acquisition) the company still booked a net loss.
Perhaps more interesting, was that Nortek’s Security & Smart Technology unit figured quite prominently in the document – often for the wrong reasons.
See why Nortek was so prominent…
[Read more…] about Nortek Figures Prominently, If Not Always Positively, in Melrose Industries’ 1st Half Fiscal ResultsRetail Sales Declined for First Time in Seven Months as Economy Cools
In a new report by the U.S. Commerce Department released Wednesday, U.S. retail sales in September have broadly dropped for the first time in seven months. The report is seen by many economists as another significant sign of a cooling economy.
See more on the decline in retail sales…
[Read more…] about Retail Sales Declined for First Time in Seven Months as Economy CoolsGoogle Remains #1 in Search Ad Revenues, But is Feeling Some Heat from Below
New research data released by eMarketer on the search engine advertising market shows that Google, the perennial leader in search advertising revenues, remains in first place. However, the data reveals a strongly rising competitor coming in second. Who that competitor is just may surprise you.
See who is rising as a threat to Google…
[Read more…] about Google Remains #1 in Search Ad Revenues, But is Feeling Some Heat from BelowWith Loss of Two Potential Buyers, Onkyo’s Future is a Question Mark
As you most likely know by now, Onkyo Corp. and Sound United have called off their transaction which would have transferred ownership of the 73-year old Onkyo brand, as well as the Integra, Pioneer, and Pioneer Elite brands to Sound United. The shocking news capped off a nearly five month process where many in the industry tried to figure out just how this deal made sense.
This was the second loss of a potential buyer for Onkyo, which admits it is re-evaluating its future based on the failure to sell off its brands.
See why Onkyo’s future is a question mark…
[Read more…] about With Loss of Two Potential Buyers, Onkyo’s Future is a Question MarkCEDIA19: Origin Acoustics in Big Entry into Commercial Market
Always an entertaining stop at CEDIA, Origin Acoustics didn’t disappoint again this year with a significant number of new models, some other updated models, and new announcements. See what caught my eye at this CEDIA Expo…
See new commercial products from Origin…
[Read more…] about CEDIA19: Origin Acoustics in Big Entry into Commercial MarketCEDIA19: Fred Rosen Says Red Carpet Home Cinema is Ready for Their Close-Up
While others are just now discovering them, Strata-gee first told you about Red Carpet Home Cinema back in April of 2019. At that time, they were really just a concept. But now, CEO Fred Rosen told me at CEDIA, the premium home movie delivery service has arrived and they are now in active beta testing in about 100 homes…
Rosen says why Red Carpet will succeed where others failed…
[Read more…] about CEDIA19: Fred Rosen Says Red Carpet Home Cinema is Ready for Their Close-UpSony Announces Promotions in the AV Specialty & Custom Integration Sales Group
Sony announced that is has promoted two of the members of its team to new roles in the wake of the recent retirement of Gary Frankel, Western Regional Sales Manager. Both new appointments are in their “award-winning” AV Specialty and Custom Integration sales group and were made effective as of September 1, 2019.
