Earlier store openings, a bargain-hungry consumer and the lure of deeply discounted TVs and laptops contributed to the largest Black Friday sales haul in history this past weekend. Americans spent a record $52 billion from Thanksgiving through Sunday, or $398.62 per shopper, a 9.1 percent increase from last year, the National Retail Federation (NRF) reported, while traffic to stores and websites rose 6.6 percent to hit an historic high of 226 million visits. Broken out by channel, 62.2 percent of the total weekend spend took place in brick-and-mortar stores and 37.8 percent was transacted online, the trade group said. Black Friday proper was also one for the record books. According to market research firm ShopperTrak, sales at brick-and-mortar stores rose 6.6 percent the day after Thanksgiving to $11.4 billion, while foot traffic increased a 5.1 percent from last year.
TiVo has spent the last several years losing subscribers, dropping to mid-2000s customer levels in the second quarter of this year. But the DVR maker might finally be showing some positive momentum, reporting 117,000 net new customers in its third-quarter earnings report. Those new customers are the result of growth in TiVo's partnerships with pay-TV operators, spurred by the addition of partners like Virgin Media and RCN. And that strategy - based around getting cable companies to offer TiVo DVRs to their customers rather than the set-top boxes they've been using - could help the company grow even more over the next few quarters. In addition to its existing partnerships, TiVo will see some promotion from DirecTV soon, and Comcast is integrating its video-on-demand service to work with TiVo DVRs consumers can buy themselves. The company says its partnerships give it a potential footprint of 10 million homes between them, compared to the 2 million subscribers it currently has.
Netflix agreed to sell $400 million in stock and convertible bonds on Monday in an effort to stockpile some cash. The filings were seen as the latest in a series of bad news for the company by investors, with shares down about five percent. But the raising of short-term funds brings up the question of how well Netflix has been managing its cash, particularly as the company has seen customer additions stall at home while investing heavily to expand internationally. Netflix has already committed billions of dollars to new streaming deals over the next few years, which would be fine if the company had ample cash in the bank or was still on an outstanding growth trajectory. Netflix finished the third quarter with just $366 million in cash and short-term investments, however, and with $200 million in long-term debt.
Discount-seeking cyber shoppers will hit the web early on Nov. 28, looking to take advantage of free shipping, said shopping site PriceGrabber. The PriceGrabber survey of 2,322 people found 39 percent intended to do their shopping on Cyber Monday over any of the other four days of the Thanksgiving holiday weekend. This is up 2 percent from last year. Ninety-two percent said this decision was based on the fact that this is the day most one-day sales and free-shipping offers took place. Other reasons cited for hitting the web on Monday instead of fighting the crowds Black Friday morning were to spend time with friends and family on Black Friday to discover what they wanted, 20 percent; family tradition to shop online that day, 6 percent; 5 percent consider it a chance to take a break from work, and 5 percent said their office Internet connection was faster than the one at home.
Roku is following Boxee in trying to go global, as internet TV operators of varying stripes compete for place in the living room. Roku says it will start retailing the UK and Canada from early 2012. That will go alongside what will have to be Roku's effort to find local content channel partners for the new markets. Candidates are likely to include Spotify, Netflix (NSDQ: NFLX), BBC iPlayer, ITV (LSE: ITV) Player, 4oD, Channel Five, Blinkbox and PlayJam. "Content can be free, ad supported or paid," Roky says. Roku's boxes now range from a $49.99 SD device to its $99.99 model.
Americans plan this year to go shopping in greater numbers on Black Friday, the biggest shopping day of the year and unofficial kick-off the holiday spending season. Some 152 million shoppers say they will hit stores on November 25, the day after U.S. Thanksgiving, up 10.1 percent from 138 million people last year, according to a survey by the National Retail Federation, an industry group. For the November-December period, the NRF previously forecast retail sales would rise 2.8 percent to $465.6 billion, in what executives and analysts have said will be a more competitive season than last year. Major retailers are leaving little to chance. For instance, discount retailer Target Corp and department stores Macy's Inc and Kohl's Corp are opening their doors earlier than ever, at midnight on Thanksgiving.
Boxee has just affirmed that the leaked Live TV dongle is legit, and it'll be splashing down on North American shores in January. The Boxee Box Live TV dongle will allow North American users to connect an antenna to their Box to watch channels like ABC, CBS, Fox and NBC in HD with no monthly fee -- assuming you're close enough to an OTA tower to receive said signals, of course. Once equipped, a Box will be able to fetch content from the major networks, Vudu, Netflix and Hulu, though you may want to spring for that bolstered internet connection. Boxee Live TV works with signals from HDTV antennas (using ATSC) or an unencrypted cable connection (using ClearQAM), and a portable antenna is included. Users who live out in the 'burbs may want to consider something a bit beefier.
Sony Corp. is considering launching an Internet-based alternative to cable-TV service, people familiar with the situation said, posing the latest threat to the cable and satellite operators that dominate pay TV. The Japanese electronics and entertainment company has approached several big media companies to negotiate the rights to offer their TV channels over the Web in the U.S., the people said. Sony is proposing to beam the channels over Internet connections to Sony-made devices, including PlayStation gaming consoles, TV sets and Blu-ray players, the people said. Sony has sold about 18.1 million PlayStation 3 consoles in the U.S. alone, according to NPD Group Inc., and many homes have other Internet-connected Sony devices. The biggest U.S. cable operator, Comcast Corp., has about 22.4 million video subscribers and serves a geographic area with over 52 million homes.
Sony Corp.'s chief executive said Thursday that the Japanese electronics giant is well-positioned to turn out the innovative products needed to re-energize the television market, even as it faces design-savvy competitors like Apple Inc. Howard Stringer, speaking at a breakfast hosted by The Wall Street Journal, said TV manufacturers, driven by their desire to rack up market share, have bred an intensely competitive market. As a result, they are scrambling to come up with a new generation of TV sets that will separate them from the pack and command premium prices. Mr. Stringer declined to discuss details of what Sony has on the drawing board, but said, "There's a tremendous amount of R&D going into a different kind of TV set." He added that he has "no doubt" Apple's late leader Steve Jobs also was working on changing the traditional TV set. "That's what we're all looking for," said Mr. Stringer. "We can't continue selling TV sets [the way we have been]. Every TV set we all make loses money."
A release from the company this morning says that Amazon's much anticipated 7-inch, $199 slate will beginning showing up on customers' doorsteps a little sooner than anticipated. "We're thrilled to be able to ship Kindle Fire to our customers earlier than we expected." said Amazon's Kindle VP, Dave Limp in the statement. "Kindle Fire quickly became the bestselling item across all of Amazon.com, and based on customer response we're building millions more than we'd planned." Amazon's promotional effort of the Kindle Fire, which many believe could be the first substantial challenger to Apple's iPad in the tablet market, has been closely controlled. For months, Amazon refused to even acknowledge it was developing a tablet. Then, earlier this fall it unveiled a whole new line of Kindles at greatly reduced prices while also introducing the Fire.
Calling them THE WORLD’S MOST ADVANCED AUDIOPHILE-QUALITY CABLES. Developed by celebrated cable designer Jay Victor, the Clarus Collection features: • Pure Copper Ohno Continuous Casting (PCOCC) the purest copper in the world • Individually insulated cable strands • Precision impedances • CNC-machined gold-plate connectors • Extraordinary fit and finish “The new Clarus brand of products present a 2-channel dealer with the opportunity to demonstrate and sell cables that no other high-end brand on the market can match,” said Joe Perfito, President of Tributaries. “Their revolutionary design and superior sound quality reproduction make them the ideal choice for the audiophile who demands nothing less than the ultimate listening experience.”
Boxee Box owners will soon be able to watch live television through the device, with the help of a special USB dongle that functions as a tuner for free over-the-air HD TV signals. The live TV feature is part of a major update to the Boxee platform that is likely going to be rolled out over the coming weeks. Read the article and view the video here.
Northwire’s first retail direct product line features USB Compatible Coiled Cords for Data Transfer + Power Charging in XL + XXL Lengths! Available in 11 brilliant colors and 2 glow-in-the-dark options for use with Mobile Phones, Laptops, Cameras, GPS Units, Car Chargers, Gaming and a variety of Consumer Electronics! A percentage of the proceeds from Zonkey Products benefit: Food Shelf, Adolescent Cancer Treatment + Research Initiatives, Injured Veterans + Families and Animal Shelters.
New consumer research from Leichtman Research Group (LRG) found that 44 percent of TV households in the United States have at least one DVR, and one-third of DVR households have more than one DVR - representing 14 percent of all households having multiple DVRs. In 2005, just 8 percent of all households had a DVR. In addition, 73 percent of all digital cable subscribers have used VOD, with 87 percent of this group having watched an on-demand program or movie in the past month. Overall, about 62 percent of digital cable subscribers used on-demand in the past month - compared with 52 percent last year. "On-demand TV viewing in the forms of DVR and VOD, as well as Netflix streaming, have significantly increased in terms of usage and popularity over the past few years," said Bruce Leichtman, president and principal analyst for LRG. "Yet these on-demand TV platforms remain largely complementary to traditional TV services and viewing, with about 90 percent of all TV viewing in the U.S. still being via live TV."
The television aisles of top U.S. retailers are poised for a hard-fought contest this holiday season as chains take little chances with budget-conscious shoppers. Unlike last year when some such as Best Buy held the line on discounts and promoted only high-end TVs, many retailers told Reuters this past week that they plan to do whatever it takes to get the customer through the door. For the consumer, expect to see price cuts of up to 40 percent from a year ago on big-screen TVs, plus free shipping deals and even a 36-month financing option, in the run-up to "Black Friday" on November 25, the unofficial start of the holiday selling season.
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Use for any Low Voltage Cabling, A/V, Telecom, Data, Networking Ideal for : Sound Bars & Wall Speakers • Home Theater Cabling • A/V Furniture The SPEEDPORT™ is incredibly versatile and is ideal for wall mounted box speakers, sound bars and wireless access devices mounted in ceilings. It can accommodate almost any device needed to be hung on a wall or ceiling with cable pass thru and mounting. The ultra low profile design features a rubber grommet insert for bulk cable pass thru. Two mounting screws are hidden behind the grommet and offer a clean, unobtrusive presentation. Installation is quick & simple using a hole saw and attaches to acoustical ceiling tiles and/or gypsum board. Reducing labor and a whole lot of mess from hand cutting large rectangular holes - Low voltage brackets are no longer needed. Just cut your hole in the desired location, insert SPEEDPORT™ and tighten adjustable mounting arms to fasten securely.