• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home

Strata-gee.com

Strategy in TECH...

Crestron MM30R
AudioControl Cinema
  • About Strata-gee
  • Privacy Policy
  • Contact Us
  • Free Newsletter
  • Sponsor Us
  • Latest Posts
You are here: Home / Archives for Retailers

Retailers

Closing of Fry’s Electronics Proves That Even Zombies Eventually Die

February 25, 2021 by Ted 7 Comments

Fry's store with empty Samsung display
Empty Samsung display in a Fry’s store this past holiday selling season [Photo by Mike Heiss]

By now you most likely have heard that Fry’s Electronics, a large electronics retail chain that featured big-format store footprints and often dramatic designs in a variety of wacky themes, has officially closed their doors. Since almost all of their stores were west of the Mississippi River – 31 in total across nine states at its high water mark – most of those bemoaning this loss are westerners…especially Californians.

But the fact is this is hardly surprising news as Fry’s has been basically a zombie for at least two years now.

See more on the zombie Fry’s closing…

[Read more…] about Closing of Fry’s Electronics Proves That Even Zombies Eventually Die

Filed Under: Financial, News, Retailers Tagged With: Fry's Electronics, store closings

Judge Approves Reorg Plan by AVDG Parent Guitar Center

December 30, 2020 by Ted Leave a Comment

Photo of Guitar Center store in Albany, NY
[Photo: Gabby Jones/New York Times]

Company to Exit Bankruptcy Soon

The judge hearing the matter of the bankruptcy filing of Guitar Center, Inc., parent company of custom integration company Audio Visual Design Group (AVDG), has accepted the organization’s plan to reorganize operations in order to emerge from bankruptcy. With this move by the court, the stage has been set for Guitar Center to exit from bankruptcy proceedings soon, perhaps any day now.

See what the court’s action means for Guitar Center & AVDG…

[Read more…] about Judge Approves Reorg Plan by AVDG Parent Guitar Center

Filed Under: Brands, Financial, Integrators, Management, News, Retailers, Strategy Tagged With: Audio Visual Design Group, AVDG, Bain Capital, bankruptcy, Guitar Center

Sonos Stock Slammed on News Apple Stores Drop the Line

October 7, 2020 by Ted 2 Comments

Photo of Apple store in Chicago

Lost 7% of Value in After-Hours Trading

Bloomberg News reported late on Monday that Apple is dropping Sonos [NASDAQ: SONO] and other non-Apple branded products from their stores. The news of Sonos losing such a major customer caused their stock to derail in after hours trading, down almost 7% in value at one point. On Tuesday, Sonos stock price closed down 3.2% as Wall Street digested the news.

See why Apple stores are dropping Sonos…

[Read more…] about Sonos Stock Slammed on News Apple Stores Drop the Line

Filed Under: Brands, Financial, Management, News, Products, Retailers, Strategy, Tech Trends Tagged With: Apple, Apple Watch, B&O, B&W, Bang & Olufsen, Beats, Bowers & Wilkins, FitBit, Pioneer, Sonos

Retail Sales Growth Slows in July, Up Just 1.2%

September 10, 2020 by Ted Leave a Comment

Photo of Apple store in Chicago

Only Electronics & Appliances Show Big Growth

In a new and troubling sign that the economy is not yet out of the woods, government data showed that for the month of July, retail sales barely crept up 1.2% overall. But there was one bright spot in the government’s report – retail sales of electronics and appliances jumped an impressive 23%.

See more on retail sales growth slowing…

[Read more…] about Retail Sales Growth Slows in July, Up Just 1.2%

Filed Under: Economic Trends, Financial, News, Retailers Tagged With: electronics retailers, retail

NY Attorney General Files Action Against B&H Photo Video Alleging Multi-Million Dollar Tax Dodge

November 18, 2019 by Ted 2 Comments

Whistleblower Notified Authorities

B&H logo

New York State Attorney General Letitia James has filed a lawsuit against B&H Photo Video alleging that the NY retailer has operated a scheme to avoid paying the State of New York millions of dollars in taxes on money earned from manufacturer reimbursements. The State says B&H violated New York Tax Law, New York Executive Law, and the New York False Claims Act, and for this reason is asking the court for treble damages that are potentially in the tens of millions of dollars.

See more on the NY AG vs. B&H Photo Video…

[Read more…] about NY Attorney General Files Action Against B&H Photo Video Alleging Multi-Million Dollar Tax Dodge

Filed Under: Law, Retailers Tagged With: Attorney General, B&H, B&H Foto & Electronics, B&H Foto & Electronics Corp., B&H Photo Video, New York, New York State, tax

CEDIA 2019: Onkyo USA Says It Will Become a Retailer of Sonos, a Distributor Too

September 14, 2019 by Ted Leave a Comment

onkyologo

Onkyo USA announced this week that it will become a retailer of Sonos wireless music systems – selling the company’s wireless music systems on Onkyo USA’s website. The company also says it will distribute the brand nationally as well.

See more on Onkyo’s partnership with Sonos…

[Read more…] about CEDIA 2019: Onkyo USA Says It Will Become a Retailer of Sonos, a Distributor Too

Filed Under: Brands, Management, Manufacturers, Pivot Point, Products, Retailers, Shows & Events, Strategy Tagged With: CEDIA Expo, Elite, Integra, Onkyo, Pioneer, Sonos

Bravas Group Sold to Private Equity Firm in $75 Million Deal

August 23, 2019 by Ted Leave a Comment

Group Says Deal is Just the Beginning

Bravas Group logo

Bravas Group, a cooperative of integrators aggregated by Paul Starkey and Steve Firszt of VITAL MGMT, was first put together as part of VITAL MGMT’s consulting practice helping member companies better organize their operations, improve their financial performance, and drive greater profitability. Ultimately, the group’s fifteen members coalesced into one widely-spread unified organization, with over-arching centralized management and plans for the group to be packaged and sold.

Now, in a deal said to be valued at $75 million, Bravas Group has been sold to Presidio Investors, a private equity investment company with offices in San Francisco, CA and Austin, TX.

See more on the Bravas – Presidio deal…

[Read more…] about Bravas Group Sold to Private Equity Firm in $75 Million Deal

Filed Under: Financial, Industry Trends, Integrators, News, Retailers, Strategy Tagged With: Bravas, Paul Starkey, Presidio Investors, Steve Firszt

Amazon to Kill the Dash Button

August 7, 2019 by Ted Leave a Comment

Photo of Amazon Dash button to order Tide laundry detergent

Amazon has announced that the end-of-life for its Dash button is rapidly approaching. If you’ve been dying to try it, better move quick – Amazon will completely disable the system just three short weeks from now on August 31st.

What went wrong with Dash? Read on…

[Read more…] about Amazon to Kill the Dash Button

Filed Under: Brands, Retailers Tagged With: Alexa, Amazon, Dash button, Echo Show

Sonos/IKEA Partnership Delivers SYMFONISK Lamp Speaker & Shelf Speaker

August 2, 2019 by Ted Leave a Comment

Symfonisk table lamp/speaker combo unit from IKEA and Sonos
IKEA and Sonos want homeowners to both see and hear the light [Click to enlarge]

Formally announced back in April, Sonos has collaborated with IKEA on a line of products for which it has great expectations. The first products of this collaboration – a table lamp with speaker built-in, and a thin bookshelf speaker that sits on a shelf and LOOKS LIKE a book…are finally now available. Will IKEA fans turn out in droves to buy these new models?

See the Sonos lamp & shelf speaker at IKEA…

[Read more…] about Sonos/IKEA Partnership Delivers SYMFONISK Lamp Speaker & Shelf Speaker

Filed Under: Brands, News, Products, Retailers Tagged With: Sonos, Symfonisk

SnapAV Slammed with Credit Downgrade by Moody’s

July 18, 2019 by Ted Leave a Comment

SnapAV logo

Credit rating agency Moody’s Investors Service has downgraded the credit rating of Wirepath LLC (corporate name of SnapAV) from B2 to B3 in the wake of their announced acquisition of Control4. The primary reason for the downgrade is due to the fact that SnapAV will be forced to increase their debt by an additional $390 million to a new high of $683 million in order to close on this acquisition.

See more on SnapAV’s credit downgrade…

[Read more…] about SnapAV Slammed with Credit Downgrade by Moody’s

Filed Under: Brands, Distributors, Financial, Integrators, Manufacturers, News, Retailers, Strategy Tagged With: acquisition, Control4, credit, credit rating, debt, SnapAV

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Interim pages omitted …
  • Go to page 11
  • Go to Next Page »

Primary Sidebar

Search

Latest Posts

Top AudioControl AVRs and Pre/Pros are Now Certified Roon Ready

AudioControl announced this week that their top-rated X-Series audio/video … [Read More...] about Top AudioControl AVRs and Pre/Pros are Now Certified Roon Ready

  • Consumer Confidence Rebounds to Highest Level in a Year
  • Onkyo Corps’ Struggle to Survive: The Situation has Become Dire
  • Bowers & Wilkins Launches 16-Ch. Distribution Amplifier

Sponsors

Download Free Crestron Home Demo App
AudioControl Cinema
James Loudspeaker
Sonance
The Stratecon Group

Footer

Have Hot News?

HEY PR & Marketing Professionals:

Have HOT NEWS for Strata-gee readers? Email releases to:

HotNews@strata-gee.com

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Sponsor Strata-gee

Strata-gee Ads

Archives

Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

Follow Ted Green

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

Copyright © 2021 Strata-gee.com · The Stratecon Group, Inc. All Rights Reserved · Log in