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You are here: Home / Archives for Core Brands

Core Brands

Core Brands Promotes Maldoon to Director of Sales, Security Channel

February 5, 2015 by Ted 2 Comments

Nortek's Core Brands LogoCore Brands announced today that it has promoted Loren Maldoon to Director of Sales, Security Channel. An internal advancement, previous to this promotion, Maldoon had been National Sales Manager for Core Brands’ Proficient Audio brand.

See more on this announcement… [Read more…] about Core Brands Promotes Maldoon to Director of Sales, Security Channel

Filed Under: Brands, News, Sales Tagged With: Core Brands, Keith Marshall, Loren Maldoon, Proficient

Nortek Releases Q3 Results; Has AV Turned a Corner?

November 5, 2014 by Ted Leave a Comment

Nortek LogoNortek, Inc., a diversified manufacturer of commercial and residential products largely targeted towards the new construction business, announced on Monday the financial results of the third quarter of their current fiscal year. Overall, the results were mostly positive, although two of their business units saw revenues decline in the quarter. Surprise…surprise…neither of them were the newly designated AVC (Audio Video Control) segment, as you (and we) might have suspected.

AVC showed a sales increase. Does this mean AVC has turned a corner in results?… [Read more…] about Nortek Releases Q3 Results; Has AV Turned a Corner?

Filed Under: Brands, Financial, Management, Manufacturers, Marketing, News Tagged With: Core Brands, Michael J. Clarke, Nortek Inc.

Is the Shake-Up at Core Brands Really About Retirement?

October 9, 2014 by Ted 1 Comment

Photo of Bill Pollock
Bill Pollock

 

Over the last few days, management of Core Brands has gone out of their way to reach out to several members of the media to talk about last week’s announcement of the retirement of President Bill Pollock, the exit of Senior VP of Sales Dave Keller, and of the layoff of “a small number of full-time positions.” The announcement suggests a lot of turmoil at Core Brands…a company that seems to have “turmoil” as its middle name.

But is this turmoil really about retirement? Or is something else going on at Core Brands?…

[Read more…] about Is the Shake-Up at Core Brands Really About Retirement?

Filed Under: Brands, Manufacturers, News, Pivot Point, Strategy Tagged With: Bill Pollock, Core Brands, Joe Roberts, Nortek Inc.

Big Changes at Core Brands: Pollock Retires & Keller is Out

October 3, 2014 by Ted 1 Comment

BREAKING NEWS

Nortek's Core Brands LogoWe received word late today of big changes taking place at Core Brands as the company announced that President Bill Pollock will retire “after 27-years leading Panamax-Furman” and Core Brands. Pollock’s retirement becomes effective at the end of the year and he will be replaced by Joe Roberts, currently Core Brands Vice President of Products and Marketing.

The company also announced that Senior Vice President of Sales Dave Keller will be also leaving the company “before the end of the year.” Interestingly, there was no reason given for Keller’s departure.

See more on these dramatic developments… [Read more…] about Big Changes at Core Brands: Pollock Retires & Keller is Out

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: Bill Pollock, Core Brands, Dave Keller, Joe Roberts, Nortek, Nortek Inc.

SpeakerCraft…Just Got SpeakerCrafty

September 11, 2014 by Ted Leave a Comment

Engineering drawing of new AIM Series 2 speakersEXCLUSIVE PREVIEW!

The hushed buzz of whispers of trouble at Nortek’s Core Brands had grown over the summer – culminating in almost a roar in the wake of Nortek’s last quarterly report identifying its AV division as troubled. One of the premier flagships of the Core Brands stable is SpeakerCraft. As if the SpeakerCraft crew didn’t already have enough on its plate countering these issues, the company faced a new challenge as its former founders launch a new competitor (Origin Acoustics) to a lot of noise.

But don’t count them out just yet! SpeakerCraft just got SpeakerCrafty…

[Read more…] about SpeakerCraft…Just Got SpeakerCrafty

Filed Under: Brands, Manufacturers, News, Pivot Point, Strategy, Tech Trends Tagged With: Core Brands, Nortek, SpeakerCraft

Wait Till You See What’s Coming, Core Brands VP Tells Us

August 14, 2014 by Ted 2 Comments

Nortek's Core Brands LogoLast week, Strata-gee was the first in the industry to report the financial second quarter results for Nortek, Inc. and while the overall news had many positive points – the results for the now-separately reported AV group was quite negative, driving the overall company into a net loss of $46.2 million. Our story hit pretty big, and drew a lot of “eyeballs” from around the industry.

One set of eyeballs belonged to a VP for Core Brands – who reached out to us… [Read more…] about Wait Till You See What’s Coming, Core Brands VP Tells Us

Filed Under: Brands, Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Joe Roberts, Nortek, Nortek Inc.

Core Brands Awards The Bulk of Its Brands to Atlantic Integrated For NY Metro

July 2, 2014 by Ted Leave a Comment

Nortek's Core Brands LogoCore Brands, LLC, a division of Nortek, Inc., announced Tuesday that Atlantic Integrated, a Rockleigh, NJ-based sales representative company, has been awarded most of its brands for representation in the New York Metropolitan region and Fairfield County, CT. This appointment is effective immediately and represents a realignment of the brands under one rep firm.

See more on this major announcement for the NY metro market… [Read more…] about Core Brands Awards The Bulk of Its Brands to Atlantic Integrated For NY Metro

Filed Under: Brands, Manufacturers, Marketing, News, Pivot Point, Sales, Sales Reps, Strategy Tagged With: Atlantic Integrated, Aton, BlueBOLT, Core Brands, Dave Humphries, Dave Keller, Elan, Furman, Niles, Panamax, Savant Systems, SpeakerCraft, Sunfire, Xantech

Nortek Q1 Sales Grow in All Major Segments, But AV Sales Continue to Decline

May 8, 2014 by Ted Leave a Comment

Nortek LogoNortek, Inc. released financial results for their fiscal first quarter this week. As a widely diversified provider of largely building-related products, the company noted marked improvement in several key areas over the same quarter last year. With an overall quarterly sales increase from $519.1 million last year to $550.1 million this year, sales increased 6%. But the company still lost money in the quarter – though the loss was less than last year.

Results for Norteck’s TECH segment continue a shift to security and AV continues to decline… [Read more…] about Nortek Q1 Sales Grow in All Major Segments, But AV Sales Continue to Decline

Filed Under: Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: Core Brands, Michael J. Clarke, Nortek

Nortek Reports Uneven Fiscal Results; With A/V Biz in Decline, Security is TECH Segment’s Rising Star

March 13, 2014 by Ted Leave a Comment

SEC Filings Reveal Serious Decline in 2013 Sales of A/V Lines

Nortek LogoNortek, Inc., a Rhode Island-based diversified manufacturer of a variety of environmental and technology products for home and business, announced its financial performance for the fiscal fourth quarter and year ended December 31, 2013 on Tuesday and conducted a conference call with analysts Wednesday morning. Nortek is the parent company of Core Brands, a group of eleven A/V brands that have a significant impact on the custom integration business – and, for this reason, we follow them closely.

The company saw sales increases for both the quarter and the year; however, it booked a net loss for both periods, suggesting that its previously announced restructuring plan is still a work-in-progress.

See more on the company’s overall performance, as well as the unsettling news we heard about the TECH division, which includes Core Brands…

[Read more…] about Nortek Reports Uneven Fiscal Results; With A/V Biz in Decline, Security is TECH Segment’s Rising Star

Filed Under: Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: 2GIG, Core Brands, Gefen Distribution, Linear, Nortek

New Marketing VP for Core Brands Zeros in on a Key Problem

February 12, 2014 by Ted Leave a Comment

Photo of Joe Roberts of Core Brands

Core Brands continues to rejigger its team as we mentioned in our Breaking News SYNCH earlier this week. And one major step in this process took place in September 2013 when Core Brands surprised many by announcing the appointment of Joe Roberts as its new head of marketing, replacing Paul Starkey. Two weeks later, Roberts headed to his first CEDIA ready to jump in feet first and reassure dealers of the company’s direction…and learn all about any concerns that they felt the company needed to address.

Boy…did he get an earful… [Read more…] about New Marketing VP for Core Brands Zeros in on a Key Problem

Filed Under: Brands, Manufacturers, News, Pivot Point, Strategy Tagged With: Aton, AVC Group, Bill Pollock, BlueBOLT, CEDIA, Core Brands, Elan, Furman, Joe Roberts, Niles, Nortek, Panamax, Paul Starkey, Proficient, SpeakerCraft, Sunfire, Xantech

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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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