 | | August 26, 2013 |
Amazon Gives Details On CE Trade-In Effort
Seattle — Amazon.com said that customers can trade in their used devices (including iPhones, iPads and iPods) in exchange for up to $460 (depending on the device) in Amazon gift cards through Amazon's Trade-In program. More »
Azione Adds 75th Dealer
Chester Springs, Pa. — Azione Unlimited has added Sound Ideas of Armonk, N.Y., as its 75th member, the buying group announced this morning. More »
Nationwide Upgrades Member Site
Winston-Salem, N.C. — Nationwide Marketing Group has relaunched its members' intranet website. More »
BrandSource Convenes In Las Vegas
Las Vegas — BrandSource, the $12 billion buying group for independent appliance, electronics and home furnishings dealers, is holding its biannual convention and expo here this week at Caesars Palace. More »
GameStop Q2 Earnings Halved
Grapevine, Texas — GameStop's second quarter profits fell by half, to $10.5 million, and net sales slipped 10.7 percent, to $1.4 billion, as customers waited out the introduction of new gaming platforms this fall. More »
Bob Cole Joins PRO Group Board
Fort Worth, Texas – Bob Cole, president of A/V specialty dealer World Wide Stereo, has been named a director of the Progressive Retailers Organization (PRO Group), the 14-member buying group. More »
NPD: Purchase Intent Exceeds 20% For TVs, Tablets
Port Washington, N.Y. – Consumers are expected to spend $555 per person on new consumer electronics devices this year, a 9 percent increase over 2012, according to the 2013 Household Penetration Study from global information company, The NPD Group. More »
Sears' Q2 Losses Widen
Hoffman Estates, Ill. – Sears Holdings said store closings, sales declines and promotional costs contributed to a steeper loss in the second quarter. More »
Toys'R'Us To Match Prices Online
Wayne, N.J. – As it gears up for the coming holiday selling season, Toys"R"Us said it will extend its in-store price match guarantee to 11 online competitors. More »
Intercounty Names New Merchandising Director
Medford, N.Y. – Intercounty Appliance, a member of the NECO Alliance buying organization, has named Electrolux veteran John Graff as merchandising and advertising director. More »
Staples Reports Lower Q2 Sales, Earnings
Framingham, Mass. – Staples said store closings, tight margins and capital expenditures led to lower second-quarter sales and profits. More »
Barnes & Noble's Riggio Pulls Away From Takeover Bid
New York – Barnes & Noble founder and chairman Leonard Riggio said today in an SEC filing that he has suspended his attempt to buy the company's retail store operation. More »
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