TWICE Retail Roundup

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August 25, 2014 TigerDirect Debuts Connected Store Format Aventura, Fla. — TigerDirect unveiled a new retail format here this weekend that features an interactive home-automation section and other showroom enhancements. NATM Names Satoren As Executive Director Smithtown, N.Y. — NATM Buying Corp. announced the hiring of Jerry Satoren as the buying group's new executive director. CE Leads Back-To-School Sales Surge: Report New York — Solid back-to-school sales of CE boosted chain store sell-through by 3.8 percent last week.  ProSource Welcomes Alarm.com Fort Worth, Texas — ProSource, the integration and A/V specialty division of the BrandSource buying group, announced the addition of partner Alarm.com, a Cloud services provider for the connected home. Sears' Woes Continue Amid Turnaround Efforts Hoffman Estates, Ill. — Sears Holdings announced a half-billion net loss for its second quarter, ended Aug. 2, a result that chairman and CEO Edward S. Lampert called "unacceptable." Lowe's Q2 Profits up 10% Mooresville, N.C. — Tighter expense controls contributed to a 10.4 percent increase in second-quarter profits for Lowe's, to $1 billion. Staples Q2 Sales Slip 1.8% Framingham, Mass. — Store closures and unfavorable currency fluctuations led to a 1.8 percent decline in Staples' second-quarter sales, to $5.2 billion. Target's Q2 Profits Fall 62% Minneapolis — Early debt retirement and expenses stemming from last year's consumer data breach took a toll on Target's second-quarter profits. Home Depot's Q2 Majap Sales Soar Atlanta — The Home Depot's major appliance business continued to climb in its second fiscal quarter, ended Aug. 3. Independents Back Best Buy's Ultra HD Effort By Steve Smith Whenever top CE brands get together with a national retailer to, basically, jumpstart a vital new technology for the industry, you should expect howls of complaints from independent retailers. Videos TWICE senior editor Alan Wolf sat down with Dave Bilas, president/COO of Nationwide Marketing Group; Frank Sandtner, member services senior VP of Nationwide Marketing Group; and Sam Abdelnour, sales VP of Whirlpool North America, during the recent Nationwide PrimeTime buy fair earlier this month. Please take the TWICE Readership Survey!

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