ProSource Adds 10 New Members in Q3 2020
New Membership Adds Over $55.1 Million Total New Revenue in 2020
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CE
NPD Predicts a Very Merry Christmas for CE Dealers
The consumer tech frenzy that began in March when housebound workers and students started scrambling for home office equipment is expected to continue right through the holiday selling season, The NPD Group reports.
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ProSource University Suspends ‘Tuition’ For One Year
ProSource, the nation’s largest audio, video and integration buying group, has extended free member access to its online educational program through September 2021.
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Samsung Stresses Safety Protocols at South Carolina Washer Plant
Four months after Samsung Electronics Home Appliances’ first and only U.S. plant went back online following repeated COVID-related shutdowns, the company is reporting enhanced on-site safety protocols and a renewed diligence to keep employees, their families and the local community safe.
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LG Names New U.S. AC Chief
LG Electronics has appointed Steven Scarbrough senior VP/general manager of Air Conditioning Technologies, with responsibility for leading LG’s commercial, residential and applied air conditioning businesses in the U.S.
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ProSource Adds Personalized Packages to University Program
ProSource has already added a new twist to its University Learning Management System, which just launched in May.
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Appliance, Electronics Stores Outpace All Retailers in July
The U.S. Census Bureau has confirmed what BrandSource members already knew: Appliance and electronics stores were rockin’ in July.
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Small Businesses Could Be Facing COVID Crisis Crossroads
As Congress still wrangles over the next stimulus package and COVID flares up in new parts of the country, economists, executives and independent owners are expressing their concern for the well-being of small businesses.
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ProSource Launches Industry’s First Lighting Tech Certification Program
AVB affiliate ProSource, the nation’s largest audio, video and integration buying group, has launched the first lighting technology certification (LTC) program in the industry.
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Massive CES Tech Show Moving Entirely Online Next Year
CES, one of the world’s largest trade shows, is following AVB’s lead by moving the confab entirely online this winter to prevent the further spread of coronavirus.
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Chain Stores, States Set Mask-Wearing Mandates
The U.S. moved closer to a national mask mandate this week as some of the country’s largest retailers including Walmart, Best Buy, Target, Kroger, Kohl’s, CVS and Walgreens joined three more states — Alabama, Colorado and Montana — in making face coverings a must indoors.
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ProSource Adds $28M in New Revenue this Year
ProSource, the largest audio, video and integration buying group in the U.S., just got larger.
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Consumer Tech Sales Soar Amid COVID Crisis
Appliances aren’t members’ only category that has seemingly benefitted from the consumer lockdown.
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National Chains Seek State-Enforced Facemask Mandate for Stores
A trade group representing the nation’s largest retailers has asked the governors of all 50 states to make the wearing of facemasks mandatory within stores and to take responsibility for enforcement.
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Furniture, Appliance and CE Retail Rebounded in May: Feds
Retail revenue returned with a vengeance last month, as cooped-up consumers around the country began revisiting newly reopened stores, stimulus checks in hand.
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Consumer Confidence Steadies as U.S. Economy Reopens
Consumer confidence, as measured by The Conference Board’s monthly Consumer Confidence Index, stabilized in May following a sharp decline in April.
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Retailers Support Pandemic Insurance Proposal
The world’s largest retail trade association has thrown its support behind national legislation that would help businesses obtain insurance coverage for pandemics.
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Retail Import Constraints Starting to Ease: NRF
The impact of the global pandemic at major U.S. retail container ports appears to be easing slightly, which is welcome news for inventory-challenged merchants.
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LG Marketing Chief David VanderWaal Stepping Down
Longtime LG marketing whiz David VanderWaal is leaving the company after 13 years.
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Retail Group: Economic Outlook Still Anyone’s Guess
While the reopening of businesses that were sidelined by the pandemic is an important step forward, it’s still too early to tell how quickly or smoothly the nation’s economy will bounce back from retail and other shutdowns.
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