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Wes Phillips Posted: Oct 03, 2005 0 comments
Here's one you don't see every day: competing press releases over a store dropping a product line—or vice versa.
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Stereophile Staff Posted: Oct 26, 2002 0 comments
Although the Tweeter Home Entertainment Group's rate of expansion has slowed, it shows no sign of stopping. The Canton, MA electronics retailer will open six new stores during the month of November.
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Barry Willis Posted: Apr 08, 2001 0 comments
Large companies may be chopping jobs by the thousands, but there are signs elsewhere that the economy is still booming. Recent figures from electronics retailers Best Buy and the Tweeter Home Entertainment Group and from Sony Electronics indicate only a partial slowdown in spending for quality audio/video gear.
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Barry Willis Posted: Feb 06, 1998 0 comments
Success begets success. Canton, Massachusetts-based Tweeter Home Entertainment Group, Inc. announced February 2 that it has acquired Home Entertainment of Texas, Inc. The acquisition gives Tweeter a solid foothold in the Southwest, and is the latest in a takeover campaign that has enveloped two successful regional chains in each of the past two years.
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Barry Willis Posted: Jul 06, 2003 0 comments
A continuing sales slump has the Tweeter Entertainment Group, Inc. projecting losses for the third straight quarter.
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Barry Willis Posted: Jul 18, 1998 0 comments
Canton, MA-based Tweeter Home Entertainment Group (NASDAQ: TWTR) has gone public. Last Thursday, July 16, the East Coast audio and video retailer launched an initial public stock offering of 2.71 million shares at an offering price of $17/share.
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Stereophile Staff Posted: Oct 10, 1999 0 comments
The ultra-High End may be stagnant in some areas, but the rebound in mainstream consumer electronics is visible everywhere. Canton, Massachusetts-based Tweeter Home Entertainment Group has announced record results for the quarter ended September 30, 1999: an increase of 39.5%, or $74.6 million compared to $53.5 million in the same period last year. The results are similar to those posted recently by nationwide electronics chain Best Buy, which also had a record quarter. Tweeter's comparable store sales increased 5.2%, not counting results from the recently acquired Home Entertainment and DOW Stereo/Video chains.
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Barry Willis Posted: Nov 25, 2001 0 comments
The economic downturn doesn't appear to be hurting Tweeter Home Entertainment Group.
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Wes Phillips Posted: Jun 16, 2007 0 comments
Tweeter Home Entertainment Group, Inc filed for Chapter 11 bankruptcy protection on June 11. The move was not entirely unexpected, since the company had indicated in May that it might be forced to file if it could not access additional funding.
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Wes Phillips Posted: Nov 19, 2006 0 comments
Tweeter Home Entertainment Group, Inc., the national electronics retail chain, has teamed with Sonos, Inc., developer of wireless multiroom music systems for the digital home, to bring "the digital home experience directly to the retail floor." The retailer will run broadband Internet connections to Sonos Digital Music System point-of-sale displays at over 150 Tweeter locations, to give music lovers live demonstrations of music server systems.
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Wes Phillips Posted: May 13, 2007 0 comments
On May 10, Tweeter Home Entertainment Group announced that it has insufficient working capital to cover its long- and short-term costs and may have to consider filing for Chapter 11. The immediate cause of the shortfall is the cost of closing 49 stores and two distribution centers. This Week in Consumer Electronics reported specifically that lump sum payments to lease-holding landlords was a contributory factor.
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Stereophile Staff Posted: May 23, 1999 0 comments
Last week, Tweeter Home Entertainment Group, Inc. announced that the company has reached an agreement in principle to acquire DOW Stereo/Video, Inc., located in San Diego, California. DOW is a nine-store specialty consumer-electronics retailer with sales of approximately $38 million, and has been in business in the San Diego market for over 30 years. The transaction is expected to be completed on or about July 1, 1999. Tweeter says it will pay approximately $5.5 million for the company excluding acquisition costs, and has the option of paying approximately $500,000 of the purchase price in Tweeter common stock.
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Jon Iverson Posted: Jan 23, 2000 0 comments
Last week, Tweeter Home Entertainment Group announced that it has reached an agreement in principle to acquire United Audio Centers, located in the Chicago, Illinois area. United Audio describes itself as a seven-store specialty consumer electronics retailer with annual sales of approximately $48 million, and says it has been in business in the Chicago market for over 40 years. The companies expect to complete the transaction on or about April 1, 2000, and note that the agreement in principle to acquire United Audio is subject to various terms and conditions, as well as to regulatory approval.
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Wes Phillips Posted: Aug 25, 2007 0 comments
It has been a fraught week for Tweeter Newco LLC, the A/V specialty chain acquired by Shultze Asset Management in July. On August 17, the company trimmed its corporate staff by "half," approximately 80 staffers at the home office in Canton, MA. It was the second corporate re-structuring since January, when 20% of the corporate staff was laid off.
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Wes Phillips Posted: Oct 22, 2006 0 comments
On October 19, 2006, the Consumer Electronics Association (CEA) honored the latest 12 members of the CEA Hall of Fame at its awards dinner at the San Francisco CEA Industry Forum.

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