LG Q2 Profits Up 165%; Walmart U.S Names New CEO

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Top Stories - July 24, 2014 LG TV, Mobile Sales Lift Q2 Profits 165% Seoul, South Korea — LG Electronics reported a 165 percent increase in second-quarter net profit compared with the same period last year, reflecting strong earnings from both the TV and mobile operations. More » Foran Named Walmart U.S. CEO/President Bentonville, Ark. — Walmart reported today that Greg Foran has been promoted to president and CEO of Walmart U.S., succeeding Bill Simon. More » P.C. Richard Adds Mattress Departments Farmingdale, N.Y. — Majap and CE powerhouse P.C. Richard & Son has formally entered the bedding business with the opening of mattress departments in 14 of its 66 stores. More » Fujifilm Issues X-Mount Lens Release Roadmap Valhalla, N.Y. — Fujifilm president Shigehiro Nakajima issued Thursday an updated development roadmap for the release of future X-mount-series interchangeable lenses. More » Play-Fi Wireless Multiroom Audio Gets More Licensees Calabasas, Calif. — DTS expanded the roster of audio companies licensing Play-Fi wireless multizone-audio technology with the addition of Fine Sound Group's high-end McIntosh, Wadia and Sonus Faber brands. More » Azione Lauds Middle Atlantic Chester Springs, Pa. — Azione Unlimited, the educational/buying group for custom retailers and integrators, has named Middle Atlantic Products its most profitable vendor of the second quarter, earning it a Golden Goose Award. More » Lowe's Expands Iris Home-Automation Selection Mooresville, N.C. — Lowe's expanded its selection of Iris home-automation products with the addition of four products that connect to its hub, which enables on-site and off-site monitoring and control of home systems from a smartphone, PC or tablet. More » Klipsch Unveils Reference Home-Theater Speakers Under Unity Strategy Indianapolis — Klipsch unveiled the first Reference-series home-theater speakers under its Reference Unity strategy. More » AT&T Posts Best Quarterly Postpaid Gains In Almost 5 Years Dallas — AT&T cited its Mobile Share Value Plans and Next trade-up program for its best quarterly postpaid subscriber gains in almost five years, but the 86 percent gain in postpaid net adds to 1.03 million were offset by a net loss of 405,000 prepaid subscribers. More » Skiva Octofire Charges 8 Devices At Once New York – Kickstarter retail partner BiteMyApple.co began offering today a USB charger that can simultaneously charge up to eight devices at up to 2.1 amps each. More » 2nd-Half Retail Sales To Rise 3.9%; June CE Sales Edge Higher Washington – Retail sales are expected to grow significantly faster over the next five months, according to a forecast by the National Retail Federation (NRF). More » Futuresource: 3D Printing To Reach $7.5B By 2018 London — 3D printing is poised to grow into a $7.5 billion global market by 2018 as the technology evolves beyond industrial applications into mainstream consumer uses, according to forecasts from Futuresource Consulting. More » Denon Details Its First Dolby Atmos AVRs Mahwah, N.J. — Denon announced pricing and ship dates of its first two A/V receivers equipped with Dolby Atmos surround-sound decoding. More » Blog Analyst To Joly: Take The Lead On Internet Sales Tax By Alan Wolf In a rare open letter, retail analyst David Strasser of Janney Capital Markets urged Best Buy president/CEO Hubert Joly to lead the charge on online sales tax collection. More » Please take the TWICE Readership Survey! Jobs Corporate Key Account Sales Expert - QFX, Inc. » Sales Manager West - Manfrotto » Sales Manager Video & Grip East Area - Manfrotto » Inside Sales Representative - Manfrotto » More Listings » White Papers Catching the Next Wave in Smart Technology eBrief - Bluetooth® Smart Technology » 5 Supply Chain Best Practices - For Bringing M2M and Other Connected Devices to Market - Ingram Micro » More Resources »

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