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Profit is no longer solely defined by products, services, warranties or credit card interest gains. Today, profit pools are inclusive to downloads of apps, widgets, movies, music, games, etc. Digitalization, miniaturization, cloud access and wireless mobility are driving dramatic and dynamic change in profit opportunities. Intensive predatory competition is also leading to dangerous commoditization of our consumer electronics market place, pressurizing margins, destroying slow moving products, morphing market dreams into painful market risk. The entire CE industry stands at a technology crossroads. 

By: Patrick Gallagher Posted date: February 04, 2013 In: Fairfield, Retail | comment : 0 Amazon.com Inc. has agreed to begin collecting sales tax in Connecticut Nov. 1, and will invest $50 million over two years to build new facilities here, Gov. Dannel...

New York -- The Jones Group Inc. said Monday it has appointed Joseph Stafiniak to the newly created position of SVP merchandising of Nine West, effective immediately. Stafiniak will operate as the lead merchant for Nine West, overseeing merchandising...

North Bergen, N.J. -- The Vitamin Shoppe said Monday it was notified by the FTC that it has been cleared to acquire Super Supplements, with a targeted closing date of Feb. 15. In December, the vitamin retailer had announced it would purchase the assets...

As Retail's BIG Show was in full swing, crowding the giant Jacob Javits Convention Center yesterday afternoon, a smaller, select group of retail CMOs were putting their heads together in a meeting across New York, focusing on the future of retail marketing. The RAMA CMO Summit brought together an exclusive group of senior retail marketing and advertising executives for some valuable networking among their retail peers and exploration of the hot topics on their minds.

Forget email. This group of 40-something men has a much better way to keep in touch. For the past 23 years, Brian Dennehy, CMO of Nordstrom, has been playing anelaborate game of tag with nine of his former classmates. According to the Wall Street Journal, the group met at Gonzaga Preparatory School in Spokane, Wash., where they spent morning breaks darting around campus.

Marketers are used to seeing cart abandoners as lost sales. But the growing complexity of the purchase path requires a more complex viewpoint, according to a new eMarketer report, "Shopping Cart Abandonment: New Ways of Looking at the Purchase Path." Smart retailers are recognizing that while some abandoned carts do indeed represent missed revenue opportunities, many others do not.

U.K. department store chain, John Lewis, has named Mak Lewis as online director, effective March 4. He will join the John Lewis management board (JLMB), reporting to managing director Andy Street. Lewis past roles include spending six years at eBay as...

Beaverton, Ore.-based Nike Inc. has completed the sale of its Cole Haan affiliate brand. On May 31, 2012, Nike announced its plans to sell Umbro and Cole Haan in order to focus on driving growth of its Nike, Jordan, Converse and Hurley brands. The company...

New York -- OfficeMax has become the latest retailer with a smaller-store, urban format either open or in the wings. The retailer will unveil its smaller concept sometime in 2013, according to Crain’s Chicago Business. The new format will range between...