In a somewhat surprising bit of news today, the CEO of Best Buy, Brian Dunn, announced his resignation. Dunn was a 28-year veteran of the leading electronics retailer in the US and rose up through the ranks after starting as a salesperson. Continue Reading
Author Archives: Stephen Baker
About Stephen Baker
Stephen is Vice President of Industry Analysis for The NPD Group. He provides expert insight and commentary to clients and the media about consumer technology sales and trends across the U.S. and regionally.
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The Consumer Tech Industry Beats to a Different Economic Drummer
The consumer technology industry seems to be holding its own in a time when other industries are feeling the sting of a weakening economy. NPD’s U.S. retail tracking service data showed a 3% dollar increase over June 2007. Granted, it’s not the 8-10% increase the industry has seen in the past in the U.S., but it’s the second consecutive month of positive growth, in a year when revenue has been down or flat.
PCs and TVs, the two biggest electronics categories (with over $1 billion in sales each) delivered solid revenue growth in June. It was the first time in a while where Continue Reading
