Tweeter Closes 49 Stores
Tweeter Home Entertainment Group announced a massive "restructuring" of its operations on March 22. The chain will close 49 stores, including all operations in California, New York, Alabama, and Tennessee, and trim its workforce by 20%. The chain's remaining 104 stores will be remodeled to conform to the chain's current "CE playground" theme.
Tweeter Drops Monster Cable
Here's one you don't see every day: competing press releases over a store dropping a product line—or vice versa.
Tweeter Group Adds Stores
Although the Tweeter">http://www.tweeter.com">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.
Tweeter Group Continues Expansion; Numbers up for Best Buy, Sony Electronics
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">http://www.bestbuy.com/">Best Buy and the Tweeter">http://www.tweeter.com/">Tweeter Home Entertainment Group and from Sony">http://www.sel.sony.com/SEL">Sony Electronics indicate only a partial slowdown in spending for quality audio/video gear.
Tweeter Group Expands into Texas
Success begets success. Canton, Massachusetts-based Tweeter">http://www.twtr.com/">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.
Tweeter Group Facing Loss
A continuing sales slump has the Tweeter">http://www.tweeter.com">Tweeter Entertainment Group, Inc. projecting losses for the third straight quarter.
Tweeter Group Launches IPO
Canton, MA-based Tweeter">http://www.tweeter.com/">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.
Tweeter Group Reports Record Sales for 4th Quarter
The ultra-High End may be stagnant in some areas, but the rebound in mainstream consumer electronics is visible everywhere. Canton, Massachusetts-based Tweeter">http://www.twtr.com/">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">http://www.stereophile.com/news/10546/">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.
Tweeter Group Revenue Rises 55%
The economic downturn doesn't appear to be hurting Tweeter">http://www.tweeter.com">Tweeter Home Entertainment Group.
Tweeter Seeks Chapter 11
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 Mayhttp://www.stereophile.com/news/051407tweeter/">May; that it might be forced to file if it could not access additional funding.