Toronto Retailer Audio Excellence Has Moved
Imagine that you own an audio store, and business is good. Sales are up, and you'd like to take on additional lines. It's a good position to be in, but it has its challenges. You need more space, for sure. But what if the only suitable space that's available is some distance from the original store. Will customers follow you to the new location? Adrian Low, owner of Audio Excellence, has had to face this challenge three times.
Toronto Retailer Open Day Saturday
Saturday November 5, 17pm, Toronto's Wynn Audio , who demonstrated a Goldmund-Tidal-Thales system costing $1,135,196 at last weekend's TAVES show, are opening their new showroom at Unit 31-20 Wertheim Court, Richmond Hill, Ontario L4B 3A8.
Toronto Show Starts Friday
New location, new features, and a more inclusive, consumer electronics-orientated approach: that's the word on the fourth annual Toronto Audio Video Entertainment Show (TAVES). Now ensconced in the Sheraton Centre Hotel in downtown Toronto, which offers far more large exhibit rooms than did TAVES' former venue, the three-day show opens on Friday, October 31 with four floors' worth of audio, video and consumer electronics-oriented exhibits.
Toronto: Angie's Audio Corner Opens an Annex
Toronto is turning into a happening place for audiophiles. The Toronto Audio Visual Entertainment Show being held October31November 2, 2014, promises to be bigger and better in their new venue at the Sheraton Centre Hotel downtown. The Update TV & Stereo Elevated store, with a strong high-performance audio orientation, opened last spring in the Toronto suburb of Unionville. And now, Angie's Audio Corner, devoted to high end celebrated its second anniversary with the opening of the Annex Clearance Center in the coach house next to the main building, acting as a clearing house for used equipment of all sorts and used LPs.
Toshiba Announces E-commerce Plan
In early June, Toshibahttp://www.toshiba.com/">Toshiba; will institute a new retailing program that embraces the Internet but favors traditional retailers. The electronics manufacturing giant will have "a defined group of Internet retailers" that will be built on a base of traditional retailers, according to an announcement made in late April. Later, the program will be expanded in stages to include Internet-only retailers. The announcement follows an">http://www.stereophile.com/news/10662/">an announcement by Sony Corp. late in January that Sony would begin direct Internet sales this year.
Total Audio Sales Up Nearly 10% in First Quarter
The Consumer">http://www.ce.org">Consumer Electronics Association (CEA) reports that factory-to-dealer sales of audio products soared in March, with dollar volume increasing by 14% over March 1999, to a total of more than $721 million. According to the CEA, sales in the first quarter of this year were 10% ahead of first-quarter 1999, at approximately $1.75 billion.
Tower Can't Wait for no RIAA
Getting a jump on the RIAA's move to create a new music-download standard (see">http://www.stereophile.com/news/10338/">see related article), Tower Records announced last week that it will feature a new song-download service, created by Atlanta-based amplified.comhttp://www.amplified.com">amplified.com;, on the Towerrecords.comhttp://www.towerrecords.com">Towerrecords.com; website.
Tower Emerging from Chapter 11
Tower">http://www.towerrecords.com">Tower Records should be back in fighting form on Monday, March 15 when a Delaware bankruptcy court rules on the company's reorganization plans.
Tower Records Liquidated
Even after a two-day auction and federal bankruptcy court approval of a $134.3 million bid by the Great American Group, which has stated that it plans to liquidate the music retailer, it's not precisely clear what is in store for Tower Records.
Tower Records: No Bankruptcy
The fate of Tower">http://www.towerrecords.com">Tower Records has been the subject of music industry speculation for months. The company's financial difficulties have been no secret; several stories recently appeared alluding to a new Tower">http://www.stereophile.com/news/11041/">Tower policy of making some suppliers share the burden—especially distributors of small specialty classical labels.