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Strata-gee Visits Russound: Steeped in History, Streaming into the Future

January 31, 2019 by Ted Leave a Comment

Photo of Russound CEO Charlie Porritt in his office
Gimme an “R”…

I arrived at my destination, Amtrak’s South Station in Boston, right on time. As I approached the doors to exit the station, my eyes suddenly focused on a shocking scene. Not only was there a torrential downpour – that was not a surprise, it had been raining as I departed New Jersey early that morning as well – but added to that downpour were gale force winds. It was like something out of a cheesy Hollywood disaster movie. I saw debris flying by horizontally, people struggling with popped-inside-out umbrellas as they attempted to fight the winds and stinging rain to remain on their feet.

Just then, my cell phone rang. It was an irrepressably jovial Charlie Porritt, CEO of Russound, telling me cheerfully he was only a couple of blocks away and would be there to pick me up in a couple of minutes. I pushed the disconnect button and said out loud to no one in particular – “I’m not going out there!”

See my trip to Russound with lots of photos…

[Read more…] about Strata-gee Visits Russound: Steeped in History, Streaming into the Future

Filed Under: Brands, Management, Strategy Tagged With: Charlie Porritt, Colin Clark, Russound

Bryston Terminates Reps; Hires National Firm

January 1, 2019 by Ted 7 Comments

Bryston's logoI had barely lit up the pixels with my post on Nortek’s holiday termination of their remaining independent sales representative groups, when I began hearing from a number of other sources about high-end specialty brand Bryston terminating their rep force as well. It’s like a New Year’s assault on sales representative groups…and they aren’t happy about it…

See what we know about the Bryston sales strategy… [Read more…] about Bryston Terminates Reps; Hires National Firm

Filed Under: Brands, Management, Manufacturers, News, Sales, Sales Reps, Strategy Tagged With: Bryston, Gary Dayton, Rega, The Sound Organisation

Gibson’s Speedy Bankruptcy Exit Hits a Big Roadblock

December 19, 2018 by Ted Leave a Comment

Gibson's G-Force auto-tunerI have to admit, Strata-gee was considering moving on from its Gibson Brands (Gibson Guitar) coverage, first started in 2012 when the company made several acquisitions as part of an ill-advised foray into the consumer electronics business. As delineated in our copious coverage, Gibson CEO Henry Juszkiewicz turned to OPM (other people’s money) loading the company up with over half a billion dollars in debt to pursue a business in which the company had no expertise…ultimately resulting in Gibson’s bankruptcy filing in May of this year.

Gibson’s major creditors banded together, put together what some would call a pre-packaged bankruptcy plan and looked as though they would exit bankruptcy late November/early December. They were wrong. As they tried to power out of bankruptcy, they hit a brick wall – the United States Trustee who has filed a serious objection to their motion to exit bankruptcy.

Now what? See what the U.S. Trustee objects to in Gibson’s plans… [Read more…] about Gibson’s Speedy Bankruptcy Exit Hits a Big Roadblock

Filed Under: Brands, Financial, Manufacturers, News, Strategy Tagged With: bankruptcy, Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, KKR

Gibson Says, Sorry Memphis, We’re Outta Here

December 6, 2018 by Ted 2 Comments

Logo for Gibson BrandsJust a matter of months ago, Gibson Brands management assured the town elders of Memphis, TN that the company remained committed to the vibrant music community in Memphis and that they were looking for new digs somewhere within that community. But that was then and this is now – the company was basically taken over by KKR and now the company has decided to vacate Memphis, moving their group there to Nashville.

See more on the incredible shrinking Gibson… [Read more…] about Gibson Says, Sorry Memphis, We’re Outta Here

Filed Under: Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Gibson, Gibson Brands, Gibson Guitar, Memphis

CEDIA Admits Membership Declined in 2018

December 6, 2018 by Ted 1 Comment

‘We Do Anticipate Membership Will Be Down in 2018’

cedia logoLast week, I posted an extensive report on CEDIA’s annual State-of-the-Association presentation which took place last month via a webinar for members. Certain staff and board members offered a long and detailed presentation on the many aspects of the Association’s activities in 2018. As I said then, it at times felt more like a sales pitch, than a report to members, but nonetheless they did have much to talk about.

However, my antenna went up when a chart of the number of members was shown, seeming to indicate a signficant decline. I followed up with CEDIA after the presentation for clarification – and now we know – CEDIA membership has most likely declined in 2018.

See what I learned about the state of CEDIA membership in 2018… [Read more…] about CEDIA Admits Membership Declined in 2018

Filed Under: Associations, News, Strategy Tagged With: CEDIA, CEDIA Expo, Cris Pyle

Monster Sales Declines & Losses Continue

November 29, 2018 by Ted 2 Comments

Sales Drop 30% But Losses Narrow in Recent Fiscal Quarter Report

Monster logoMonster Products Inc. (formerly Monster Cable) filed their latest quarterly results with the SEC showing that sales for their fiscal quarter ending June 30, 2018 declined to $9.1 million or 30.3% below the $13.1 million booked in the same quarter a year earlier. However, thanks to aggressive cost cutting, the company’s net loss narrowed to ($6.9 million) in the quarter as compared to a net loss of ($7.3 million) in the same period last year.

Monster’s declines continue, although at a slowing pace… [Read more…] about Monster Sales Declines & Losses Continue

Filed Under: Brands, Financial, News, Strategy Tagged With: Monster, Monster Cable, Monster Products, Noel Lee

CEDIA Tells Members Everything’s Fine; But Is It?

November 28, 2018 by Ted 1 Comment

CEDIA State of the Association

The Custom Electronic Design & Installation Association (CEDIA), held their annual member’s webinar where association staff and board representatives review the “State of the Association” for those members tuning in to the webcast. The polished, prepared presentation offered an upbeat assessment on the organization’s accomplishments in 2018. But, as you might suspect, I uncovered a couple of interesting issues in which I’m seeking some follow-up clarification.

See what CEDIA presented to members… [Read more…] about CEDIA Tells Members Everything’s Fine; But Is It?

Filed Under: Associations, Financial, Integrators, Management, Strategy Tagged With: CEDIA, education, Emerald Expositions, Emerald Expositions Events, strategy CEDIA Expo

Japanese Startup to Disrupt U.S. Residential Construction Market

November 21, 2018 by Ted Leave a Comment

Photo of Takeshi HommaAs you head home from work today, take a look around you at the other commuters on the road. All around you are Toyotas, Hondas, Nissans, Suburus and the like. These are all signs of the incredible success Japan has has penetrating the U.S. automobile market – taking significant market share away from the once dominant Big Three American auto makers, GM, Ford, and Dodge/Chrysler many years ago.

Can Japan do it again? Are builders D.R. Horton, Lennar, PulteGroup, K.B. Homes at risk of the same loss of market share? If Takeshi Homma (pictured here) is successful, he hopes to help Japanese companies take a big bite of the American homebuilding market.

See this bold plan to bring Japanese companies into American homebuilding… [Read more…] about Japanese Startup to Disrupt U.S. Residential Construction Market

Filed Under: Asian Connection, Manufacturers, News, People, Strategy Tagged With: home construction, homebuilders, homebuilding, Homma, housing starts

Klipsch Black Friday Proceeds to Aid Cancer Patients

November 20, 2018 by Ted Leave a Comment

Klipsch logoKlipsch is doing something good with a portion of their anticipated increased holiday website revenues during the upcoming Black Friday to Giving Tuesday time period. The company will donate a portion of their proceeds to The Autumn Leaves Project – a nonprofit organization that is dedicated to aiding those who are battling one of the deadliest illnesses known, pancreatic cancer.

Read more about Klipsch using Black Friday for this charitable purpose… [Read more…] about Klipsch Black Friday Proceeds to Aid Cancer Patients

Filed Under: Charity, Manufacturers, News, Strategy Tagged With: Butch Walker, Klipsch, The Autumn Leaves Project

Bowers & Wilkins Restructures in Support of R&D

November 14, 2018 by Ted Leave a Comment

Photo of B&W's Gregory Lee
B&W CEO Lee

Bowers & Wilkins (B&W) announced today it has restructured its company in order to further its research and development initiatives. In a brief announcement, only four paragraphs long, new CEO Gregory Lee (former CEO of Samsung North America) said a new, larger research facility will open in 2019.

See more on this announcement from Bowers & Wilkins… [Read more…] about Bowers & Wilkins Restructures in Support of R&D

Filed Under: Management, Manufacturers, News, People, Strategy Tagged With: B&W, Bowers & Wilkins, EVA Automation, Gideon Yu, Gregory Lee, Samsung

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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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