New data from market researcher Forrester Research Inc. suggests that retailers should forget about trying to attract millennials or other younger shoppers and instead shift gears to reach out to baby boomers. Why? Quite simply, that’s where the money is.
Strategy
IBM to Invest $3 Billion to Launch ‘Internet of Things’ Unit
Momentum Building in Emerging IoT Market
See more on why we feel this story is significant… [Read more…] about IBM to Invest $3 Billion to Launch ‘Internet of Things’ Unit
Stunning Stories of Impending Doom Swirl Around Sharp
In just the last two days, Japanese and U.S. press outlets are releasing a slew of stories of Sharp Corp.’s impending doom in the form of a restructuring announcement that isn’t expected to be officially released until May. Nonetheless, multiple reports have emerged from a wide range of media sources including the Nikkei and Reuters news services with a relatively wide range of estimated job cuts – all citing unnamed sources.
See more on this recent whirlwind of reports on Sharp… [Read more…] about Stunning Stories of Impending Doom Swirl Around Sharp
Think Apple’s Watch is Doomed to Fail? Better Think Again
Apple, Inc. announced the coming availability of the Watch, its first major product in years, at a presentation earlier this month. Since that announcement, we’ve been struck by the lack of enthusiasm for the product amongst members of the TECH press. In conversations with colleagues, we heard many predict that the Watch is doomed to failure, in part because of this tepid response.
Now, results from a new survey suggests TECH wonks may be wrong… [Read more…] about Think Apple’s Watch is Doomed to Fail? Better Think Again
Interesting Twist: Autonomic Passes Savings On to Dealers, Consumers
In an announcement that is a bit unusual for a manufacturer, Autonomic announced on Tuesday that it is reducing the MSRP on its popular Mirage Audio System (MAS). Not only that, but the company says it will actually increase the dealer margin at the same time. Normally, a price reduction is a sign of a slow selling product – but Autonomic says that is not the case here.
See why Autonomic says it is cutting the price of its MAS… [Read more…] about Interesting Twist: Autonomic Passes Savings On to Dealers, Consumers
Sony’s Tightened Partnership with Best Buy Credited for Biz Turnaround
Newly Spun-Off TV Division May Show a Profit for 1st Time in 10 Years
In a new report out of Japan, Sony’s TV business is said to be expected to report an operating profit this fiscal year – its first after ten years of losing money. Due to an improved situation in the U.S. market, the report credits the turnaround in Sony’s U.S. results largely as a function of its tightened partnership with retailer Best Buy.
But the report featured the subheading ‘Outlook Remains Unclear’… [Read more…] about Sony’s Tightened Partnership with Best Buy Credited for Biz Turnaround
With 60% Growth in Users in 2014, Instagram Blows by Twitter
Now the 2nd Largest Social Media Site
From our friends at The Stratecon Group
Hey TECH SMBs…get out your cameras and start snapping! Those bright graphics and dramatic displays in your booth at a trade show…that dazzling product unveiling at a major corporate launch event…a sophisticated setup for an all-new training event – all captured with your smartphone or digital camera and ready to share. You’ll want to consider posting those company & business-appropriate images on Instagram…now the second largest social media network in the U.S., according to new data released by eMarketer.
Not only that, but the researcher says more is to come from Instagram… [Read more…] about With 60% Growth in Users in 2014, Instagram Blows by Twitter
Bloomberg Reporter Asks ‘Why is Sharp Still With Us?’
We’ve been reporting for a while now on the epic survival struggles of some of this industry’s biggest brand names in Japan…most recently Sharp Corp. Some of the changes we’re seeing now were unforeseeable even 24-36 months ago – Sony spinning off divisions, JVC Kenwood pulling out of the consumer business, Pioneer first shutting down A/V, then selling that division to Onkyo, Toshiba pulling out of TV biz, Panasonic dropping consumer business, and on and on…
Now a reporter for the respected Bloomberg View asks, “…why Sharp should still be in business?”
See more on this surprising declaration and criticism of the practices of Japan, Inc… [Read more…] about Bloomberg Reporter Asks ‘Why is Sharp Still With Us?’
With AVC Sales Declining & Losses Increasing, Did Nortek’s CEO Signal a Change?
BREAKING NEWS
Nortek, Inc. on Tuesday released their fourth quarter and full year results for fiscal year 2014. The company showed sales & profit growth for the quarter – although they booked a net loss for the year. But in a conference call with analysts to discuss the Q4 results, Nortek President and CEO Michael Clarke was questioned specifically about the Audio, Video & Control Solutions (AVC) segment – and he struggled to explain why the company stays committed to the business.
See more on Nortek’s results…and on AVC’s struggles… [Read more…] about With AVC Sales Declining & Losses Increasing, Did Nortek’s CEO Signal a Change?
Sharp to Launch Major, and Painful, Restructuring
Out of Osaka, Japan we learn that Sharp Corp. is about to embark on a major restructuring of its business that will likely change the company in fundamental ways. Plans call for closing domestic factories – a first for Sharp – staff cuts, and a possible exit from a major business segment for the company. Sharp is also seeking to raise capital, something that is not easy for a struggling company.
