Nortek Financial Results Show That, Despite Best Efforts, TECH Remains Troubled

At the end of last week, Nortek, Inc. reported their financial results for the fiscal second quarter and first half. While at first blush the overall numbers look good – sales up 9% in Q2 and 8% in 1st Half … Continue reading

BREAKING NEWS: Nortek Reorganizes Its Reorganization

Today, just a short time ago, Nortek Inc.’s AVC Group released an announcement that a major new phase of their reorganization is in the works. Specifically, the AVC Group which currently is the merged brands of Niles Audio, Elan, and … Continue reading

Nortek’s Losses Increased in 2011, But Company Says Q4 Results are Encouraging

<April 4, 2012> In financial results filed with the SEC at the end of last week, Nortek, Inc. said fiscal year 2011 (year ending December 31, 2011) saw a substantial sales increase of 12.7% from $1.899 billion in 2010 to … Continue reading

D&M Consolidates Sales Force; Some Long-Time Reps Lose Key Lines

<February 29, 2012> Multiple sources are telling the BEACON that D&M Holdings has consolidated their sales representative network, unifying their Denon, Boston Acoustics, and Marantz brands under one representative firm in each territory. Prior to this move, each territory had … Continue reading