For the first time, unit sales lift exceeded average sales price decline in the category, said Joe McGuire, president and chief executive officer of Tweeter
, during its earnings call.
Open to the public January 17, the Las Vegas Tweeter
store is the first of its kind in the consumer electronics industry.
In order to address some of the financial issues that caused Tweeter
to go into bankruptcy in the first place, some difficult choices will be necessary going forward," said George Schultze, Chairman of the Board.
expects to remove its name from the 20,000-seat Tweeter
Center in Mansfield by the end of next year's concert season, Duhamel said.
In launching our new marketing/branding strategy, we believed that it was important to overspend our traditional advertising levels in Q1 so that the campaign would get immediate traction," said Jeffrey Stone, president and chief executive officer of Tweeter
, in a statement.
With Evant Merchandise Planning, Tweeter
will establish a next-generation planning process to enable its merchants to control inventory via open-to-buy, and respond more rapidly to changing inventory needs.
expects fourth-quarter same-store sales to fall between flat and a 2 percent increase.
Both Clarion and Tweeter
anticipate establishing a strategic and mutually rewarding relationship, which is likely to give Clarion a stronger presence in the marketplace while creating a more expansive mobile video and car audio selection for Tweeter
will continue normal operations pending completion of this proposed sale.
hopes to steer a financial turnaround on a strong home installation market.
Together, D-Link and Tweeter
will extend the home networking experience beyond its current realm.
Schultze Asset Management, LLC makes $38 million "going concern" bid for the Company and to provide a $10 million junior debtor-in-possession (DIP) line of credit to Tweeter