TWICE Retail Roundup

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May 27, 2014 The Bonus Online Edition of the TWICE Top 100 Consumer Electronics Retailers Report is now available! Best Buy Targeting Sears Shoppers Minneapolis – Best Buy is gunning for Sears customers this weekend with a unique Memorial Day promotion. Best Buy Q1 Back In The Black Minneapolis — Cost reductions and supply-chain efficiencies offset soft sales to return Best Buy to profitability in the first quarter. Sears' Q1 Losses Widen Hoffman Estates, Ill. — Sears said the ongoing transformation of its business and weakness in CE contributed to deepening losses in the first quarter. AVAD, Ingram To Present Dealer Toolkit At InfoComm Los Angeles — AVAD and parent company Ingram Micro will present what it claimed is the industry's largest comprehensive toolkit for commercial installation professionals at its InfoComm 2014 booth (C8716), June 18-20, at the Las Vegas Convention Center. Conn's Enters Tennessee Knoxville, Tenn. – Conn's has opened its first two stores in Tennessee. Lowe's Q1 Earnings Accelerate Mooresville, N.C. — No. 2 majap retailer Lowe's reported a 15.6 percent spike in first-quarter profits on strength in indoor categories. Target's Q1 Profits Tumble Minneapolis — Markdowns, poor performance in Canada and the fallout from last December's data breach proved a drag on Target's first-quarter profits. New Leaf Signs America's Hometown Stillwater, Okla. — America's Hometown Brand Centers (AHBC), a national buying group based here, has selected New Leaf Service Contracts as its exclusive extended-warranty provider. Staples Sales, Earnings Slip During Q1 Framingham, Mass. – Staples reported lower sales and profits in the first quarter due to 16 store closures and unfavorable currency exchange rates. AVAD Gave Deals, Awards At Nashville Event Los Angeles – AVAD hosted an open house at its new Nashville branch on May 7 to highlight a larger showroom and more streamlined ordering process as well as offer one-day promotions from a dozen major brands and other exclusive benefits for area integrators. Home Depot's Q1 Profits Up 12.5% Atlanta — The Home Depot shrugged off harsh spring weather to post higher sales and profits in the first quarter. hhgregg: Weather Hurt Chain In Fiscal Q4 Indianapolis – hhgregg's sales and earnings slid during its fiscal fourth quarter amid extreme weather that impacted most of its stores.

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