News

Pacific Sunwear Rejects Adrenalina’s Bid

BY CSA STAFF

Anaheim, Calif. Pacific Sunwear of California said Tuesday that its board of directors has rejected an unsolicited stock-repurchase bid from extreme sports marketer Adrenalina.

On Monday, Adrenalina offered Pacific Sunwear a $4.50-per-share cash and stock bid that would cover all of the retailer’s issued and outstanding shares of common stock. Pacific Sunwear’s board rejected the unsolicited offer, reporting it is not in the best interest of the company’s shareholders, according to a company statement.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

From The Boston Herald: Granoff out as Tweeter ceo

BY CSA STAFF

BOSTON The Boston Herald reported that Tweeter Newco ceo George Granoff has left the company, apparently after a disagreement with its New York investment firm owner.

Click here to read the full article.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

CEA: Consumer electronics top holiday wish lists

BY CSA STAFF

ARLINGTON, Va. Consumer electronics products continue to top the holiday wish lists of adults and teens, resulting in 3.5% projected growth in fourth quarter industry shipments over last year, according to new research released today by the Consumer Electronics Association.

Consumer electronics comprise four of the top 10 items on adults holiday gift wish lists, with computers coming in second behind peace and happiness. Televisions, video game systems and cell phones also made the top 10. Nearly 80% of adults expressed interest in receiving a consumer electronics product as a gift this holiday season, an increase of four points from last year. Meanwhile, 84% of teens want to receive a CE product this year, up eight percent from 2007. The most popular CE products for teens this holiday are computers, video game consoles, portable mp3 players and cell phones.

There remains a robust desire for consumer electronics and this category continues to be the bright light during these dark economic times, said Tim Herbert, CEAs senior director of market research. CE devices have become integrated into the everyday lives of consumers. No matter what your current economic situation, you can find a CE product to fit any holiday budget. 

Consumers plan on spending a total of $1,437 this holiday season on everything from gifts to food to decorations. That number is down nearly $200 from last year as consumers cite cost of living increases and economic concerns as reasons for cutting back. While consumers are planning to spend less this holiday season, theyre actually preparing to spend more on consumer electronics. Twenty-eight percent of the total holiday budget is being allocated for CE purchases, an increase of six percent from last holiday.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...