stampede

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Dealers Round Up Hot Deals at the Summit Stampede

March 10, 2020March 10, 2020 YSN Staff stampede, summit

One of the most popular, can’t-miss events at an AVB Convention or Summit is the Stampede session, and yesterday’s roundup of deeply discounted, limited-quantity deals was no exception.

News Briefs

Caught Orange-Handed: The Home Depot has been fined nearly $2 million for charging customers more than the prices shown in ads and on shelf tags. Los Angeles County District Attorney’s Office

Take a Load Off, Panny: Panasonic, the venerable Japanese electronics brand, has re-entered the U.S. TV market with three Amazon Fire smart models. TWICE

The Bigger They Are, Part II: Closeout furniture discounter Big Lots has filed for Chapter 11 bankruptcy protection and will be sold to a private equity firm as it continues closing stores. Axios

The Bigger They Are… Lowe’s cut its full-year sales and earnings forecast as quarterly sales declined, and like rival Home Depot, it anticipates weak home improvement spending in the second half of the year. CNBC

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YourSource News is the news and information platform of BrandSource, the leading merchandising organization for independent appliance, home furnishings and consumer tech dealers. Its parent company, AVB, is a $25 billion member-driven co-op that provides merchandising, financing and, through its AVB Marketing arm, digital marketing services to over 5,000 independent dealers in the U.S. and Canada. BrandSource’s sister divisions and affiliates include ProSource (consumer tech and custom integration); TRIB Group (rent-to-own); Mega Group (Canada); and HFA Buying Source, serving home furnishings dealers nationwide.

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