Ciornei Makes Triumphant Return to Russound

Oscar Ciornei, OAC Group

Oscar Ciornei, OAC Group

<May 16, 2012> Russound announced today that it has retained the OAC Group to work with the company on a variety of product and marketing projects. The announcement follows the company’s recent divestiture of Colorado vNet – selling it to Russound’s former Vice President of Sales Mike Anderson. But the development is most notable for what it appears to represent – the triumphant return of Oscar Ciornei to Russound. Continue reading

Best Buy’s Founder is Forced Out as Ex-CEO Receives $6.6 million Severance

<May 16, 2012> The news out of Best Buy Stores, Inc. continues to be ugly. Earlier this week, we learned Best Buy Logothat the board investigation into the unseemly Brian Dunn affair has taken an unexpected turn, resulting in Best Buy founder and board chairman Richard Schulze being forced out of his own company. And yet, some market analysts are celebrating. Why? Continue reading

Nortek’s Net Losses Continue – And Continue to Improve

<May 16, 2012> Late last week Nortek Inc. released the results of its fiscal first quarter or the period that Nortek's Headquartersended March 31, 2012. Nortek – parent company to venerable industry brands such as Niles Audio, Speakercraft, Xantech, Elan, and more – showed a 7% sales increase in the quarter to $522.8 million as compared to $488.6 million in the year before. And while the company continued to book a net loss in the first quarter, it clearly showed solid improvement in several areas…including a dramatically reduced net loss of $1.2 million as compared to the same quarter last year when the net loss was $21.1 million. Continue reading

Lenbrook & Retailers Launch New Specialty Showroom Solution for Quality Digital Audio

Little Guys Lenbrook i-Fi Showroom<April 25, 2012> Earlier this month Lenbrook America announced a new initiative it has launched in partnership with a select group of independent specialty retailers to roll out a stylish showroom optimized to display and demonstrate high quality digital audio solutions. Called the “Digital Music Experience Center,” the striking showrooms are designed to allow specialty retailers to tap into the burgeoning contemporary digital music phenomenon AND expose consumers to the wonderful (and probably unknown to them) world of higher resolution audio performance. Continue reading

With a Final Heave-Ho, Russound Sells Off Colorado vNet

Colorado vNet Building<April 25, 2012> In a narrative that at times was more daytime soap opera than strategic corporate initiative, Russound has disposed of Colorado vNet for the last time, selling the brand off to Vice President of Sales and Marketing Mike Anderson. This ends a problematic history with Russound acquiring, closing down, relaunching, and now selling off Colorado vNet in a short on-again-off-again three-year relationship that started in 2009. Continue reading

For the First Time in Years, Residential Construction Forecast is Optimistic; But Cautiously So

<April 25, 2012> The National Association of Home Builders (NAHB) held their annual Spring NAHB LogoConstruction Forecast webinar for members of the press today, and the organization’s forecasts were decidedly – if cautiously – optimistic. Forecasting rebounding growth in several important categories, the NAHB is clearly suggesting that better days are ahead. Continue reading

Denon Launches New ‘Core’ Receivers

<April 25, 2012> Denon Electronics, part of D&M Holdings, Inc. announced today the launch of a new 2012 “core” receiver line-up. The new 2012 line-up includes four receivers that the company says are available now and include some popular features such as Apple’s AirPlay, expanded access to content, and flexible connectivity capability. Continue reading

Taking Sales Factory Direct at Lenbrook – One Year Later

Lenbrook Website Image<April 25, 2012> Almost exactly one year ago, the specialty electronics world was stunned to learn that Lenbrook America, the company that distributes NAD and PSB in the United States and often looked upon as a paragon of the specialty A/V community, had decided to fire its sales manager, public relations company, and independent specialty sales representative sales force to go factory direct. While not the first company – nor likely the last – to make such a decision…the company’s long time commitment to the specialty channel and abrupt announcement sent shock waves around the industry. Continue reading