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ISUS in America? Emerald Adds a Commercial Show to CEDIA Expo; Exhibitors React

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Emerald owned CEDIA Expo 2022

Emerald Expositions (NYSE: EEX), the national B2B trade show company that owns CEDIA Expo, CE Pro, and Commercial Integrator surprised the industry at the recent CEDIA Expo 2022 by abruptly announcing that next year they will be “co-locating” a show for commercial integrators at the same time and in the same facility. Reaction to this announcement was…to put it mildly…mixed. Is Emerald trying to imitate the Integrated Systems Europe (ISE) show – an event for both residential and commercial businesses – by launching an ISUS (Integrated Systems United States) event??

Do you wonder why there was a mixed reaction to Emerald’s move? Read on…

See why some big exhibitors were not happy with the Emerald announcement…

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WiSA Technologies Puts Up a ‘For Sale’ Sign

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WiSA Technologies home page

On Monday, WiSA Technologies, Inc., a “developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems,” announced that it has hired an advisor to aid them in moving forward with an “exploration of strategic alternatives” for the company.

In other words, it is putting itself up for sale.

See more on WiSA looking for a buyer

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U.S. Luxury Home Sales Plummet in Biggest Drop Since Onset of Pandemic

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In what is likely another sign of the housing market downturn, and perhaps a cooling of the overall economy, sales of luxury homes in the U.S. plummeted in the three-month period that ended in April, according to an analysis by Redfin Corp. as reported by Bloomberg News. The Redfin analysis covered the top 50 metropolitan areas and revealed the largest drop in sales of luxury properties since the onset of the pandemic.

See more on the decline of luxury home sales

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Sales of Newly Constructed Homes Collapse in April; Odds of Recession Tick Higher

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sales of newly constructed homes collapse

Sales of newly constructed homes virtually collapsed in April in a double-digit decline that surprised economists and added to the growing evidence that the housing market is entering a downturn. This downturn in housing adds to growing concerns of a recession, as it comes on the heels of the tech industry decline, and new retailer warnings of slackening demand and supply chain driven cost increases.

See the surprising numbers out of the housing market today

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What Amenities Do Million Dollar Home Buyers Desire? ‘Wellness’ Tops the List

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Beautiful luxury villa with pool by the sea

‘Wellness’ is Most Requested Amenity by Luxury Buyers

In a recent interview in a business newsletter, James Harris of the reality TV show Million Dollar Listing chatted about the latest trends in the luxury home market. The interview offered some interesting insights on the most desired amenities by today’s luxury home buyer, aka the primary target client for most custom integrators. Of the long list of available options, wellness is said to top the list as today’s most desired amenity.

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Crestron Brings the Trade Show to You via the Crestron NEXT Road Trip

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Crestron NEXT logo

BREAKING NEWS Event Kicks Off in November, Starting in Boston & Chicago; More to Follow

I have just learned that Crestron is planning to launch a monster series of regional dealer shows, called the Crestron NEXT Road Trip, that sounds as though they’re going to be spectacular – with new product launches, full product displays & demos, and in-depth educational courses offered. The multi-day event will include huge displays from both the company’s commercial and residential business units in what promises to be quite a show.

See what we know so far about the Crestron NEXT Road Trip

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Melrose ‘Disposes’ of Nortek Air Mngmt in Deal Valued at $3.625B

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Melrose Industries PLC announced this morning that they have entered into an agreement to sell off the Nortek Air Management business – the most valuable part of the company – to Madison Industries of Chicago, Il. The cash deal is valued at approximately $3.625 billion. Melrose refers to this transaction as the “Disposal.”

See more on Melrose ‘Disposing’ of Nortek…

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Budding Onkyo & Voxx Romance Grows, Adds Teac & Esoteric to 11 Trading Company

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photo of teac component once part of Onkyo now to be distributed by 11 Trading Company

This week we learned that 11 Trading Company…part of Premium Audio Company…which itself is part of Voxx International (love those big corporate structures), has added the only remaining Onkyo brands – Teac & Esoteric – to their distribution line list. They did not include these brands in the original announcement of their agreement with Onkyo, but most people expected it to be added in time. With this new development we get a nice progression of the budding relationship between the companies – Voxx distributing Onkyo, Integra, Pioneer, Pioneer Elite, Teac & Esoteric – while Onkyo Corp. becomes the Klipsch distributor in Japan. Where could this be heading?

See more on Onkyo & Voxx/11 Trading Company partnership…

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More Positive Consumer News as Luxury Marketer LVMH Reports Q1 Sales

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Photo of LVMH Louis Vuitton store in Paris, France
Louis Vuitton store in Paris, France

LVMH, the global owner and marketer of luxury goods carrying some of the most prestigious brands, reported on Tuesday strong first quarter 2021 sales growth that handily exceeded even the most optimistic forecasts of market analysts. This is yet another encouraging sign of a significant rebound in consumer spending – especially with the type of consumer who tends to be the primary customer base for the custom integration channel.

See more on LVMH and its results with luxury consumers…

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Onkyo Corps’ Struggle to Survive: The Situation has Become Dire

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photo of Onkyo component system
Onkyo turntable and component system from days gone by…

Last Thursday, Onkyo notified the Tokyo Stock Exchange that its latest forecast for fiscal 2021 results shows that – despite their best efforts – the company remains insolvent. It was a disappointing announcement, as it means that the company’s well thought-out plans to return to solvency failed. So what happens now?

What happens to Onkyo now?

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