You already know that specialty electronics retailer Tweeter is out of business. Do you wonder what happened?
For years, Tweeter provided audio/video enthusiasts with a “step up” alternative to big-box retailers. It carried better products and its sales people could answer most questions.
Beginning in New England and spreading to nearly 200 nationwide stores, Tweeter built a powerful brand. Then the brand fizzled.
These days, it’s easy to blame the economy when retailers go out of business. That’s not the answer in Tweeter’s case.
It was a “confluence of factors” that led to Tweeter’s demise, according to a former executive.
Poor decision-making, short-sighted acquisitions, questionable executive hiring and a “schizophrenic” approach to product merchandising were among the reasons for Tweeter’s downfall.
CE Pro has an in-depth look at the rise and fall of Tweeter. Click here for the inside story.
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