Almo Professional A/V, CaptureCast Partner To Equip Integrators for New Era in Distance Learning. Perhaps it's just that middle-ground between the two extremes bottoming out. The COVID-19 crisis has been difficult for us all, but one area of the economy that's been particularly hard hit is retail sales. Emotiva (claims) to have now shipped the amplifier to me. "We keep hearing how the specialty audio industry is shrinking as Gen Z'ers embrace portability and streaming as their de facto standard for AV consumption. Tags ⋅ audio ⋅ distributors ⋅ Klipsch Audio ⋅ Onkyo ⋅ Pioneer. Retailing›Distributors, Distribution effective immediately through newly created subsidiary, 11 Trading Company, LLC, TWICE Staff ⋅ Despite growth in the bookends of the retail spectrum, dollar stores and luxury retailers like Apple Stores, boarded-up neighborhood shopping malls and closures of traditional department stores have led many to conclude that traditional retail is being killed off by online shopping. In his book, The Four (Apple, Amazon, Facebook and Google), Marketing guru and NYU Prof. Scott Galloway writes of similar modernization-pain occurring in the retail landscape. All Rights Reserved. This alliance with Onkyo and Pioneer is a perfect example of the types of alliances we seek and should help drive growth in our business this year and beyond.". Over the past month, North American Onkyo dealers were notified of an abrupt distribution change in a “notice of termination” for their agreement with Onkyo USA, the division of Onkyo will no longer be fulfilling orders. Update my browser now, Home Onkyo remains family-owned, with the Ohtsuki family still the majority shareholder with a 26% stake in the company. President and CEO of VOXX International Corporation, Pat Lavelle provided an upbeat quotable for the official public Press Release: "...we are expecting a very strong year for our premium audio operations. Published: July 31, 2020 ⋅ Updated: August 3, 2020. Brands that stick to their roots while also embracing the demands for tomorrow will continue to flourish. Onkyo and Pioneer Corporation will continue to distribute Klipsch branded products in Japan. “Let our rigorous testing and reviews be your guidelines to A/V equipment – not marketing slogans”. In decades past young men, the primary demographic for a hi-fi system in the 1960s, were tantalized by fine home audio ads while reading Joe Namath talk about living "good life" in a Playboy Magazine interview. Wayde is a tech-writer and content marketing consultant in Canada s tech hub Waterloo, Ontario and Editorialist for Audioholics.com. See also: Almo Professional A/V, CaptureCast Partner To Equip Integrators for New Era in Distance Learning. For more stories like this, and to keep up to date with all our market leading news, features and analysis, sign up to our newsletter here. Join our Exclusive Audioholics E-Book Membership Program! The company has reached an agreement with Klipsch owner, Voxx International Corp to replace Onkyo USA. To learn more about Onkyo, Visit www.onkyo.com. Confused about what AV Gear to buy or how to set it up? For its part of the new “strategic distribution alliance”, Voxx has created a dedicated subsidiary called "11 Trading Company LLC" that will handle all ongoing Onkyo/Pioneer orders, warranties, returns and customer support. Audio-video may be succumbing to similar market forces as retailers in general. A call to Onkyo USA's customer service line indicated the number is no longer in service. Distribution of Onkyo, Pioneer, Integra and Elite products has changed hands from Onkyo USA to 11 Trading Company." Adapting to these new, fashionable consumer demands has brought tremendous growth to companies that can aggressively innovate as the future of home entertainment evolves with Internet of Things. I can dig it. On an earlier attempt to buy an amp from them (Jan.2019), they ran into problems with customs and had four shipments of Chinese parts and OEM CD players impounded. Copyright © 1998–2020 Audioholics, LLC. “We’re excited to expand this strategic partnership from Japan into the Americas and are confident that Klipsch is the ideal partner to drive our business to the next level,” said Jason Sausto, CEO of Onkyo USA Corporation in a statement. Meanwhile, A/V for the home converges with home automation ecosystems. But Galloway writes: "The truth is that the death of physical stores has been vastly overstated. Paul Jacobs and the Klipsch team have done an excellent job in developing high-end, premium audio solutions, while expanding distribution and partnerships. Distribution will run through a newly created subsidiary, 11 Trading Company, LLC, and will include products ranging from AV receivers, HiFi equipment, mini systems, smart speakers, turntables, sound bars, home theater systems, optical disc players and more, broadening the Company’s portfolio to include a diverse mix of audio products. What do you think this means for the future of Onkyo? Meanwhile, the largest growth area in the modern home A/V market explicitly serves luxury consumers with voice or wireless network-controlled home automation with multi-zone audio. The sale would have provided Sound United with Onkyo's own respected properties that expanded with its purchase of Pioneer in 2015. I truly hope the company isn't going anywhere soon. News of Onkyo’s North American distribution hand-off comes one year after talks fell through that would have sold Onkyo's entire home A/V business to Sound United, owner of a stable of familiar brands that includes Denon, Heos, Polk Audio and Marantz. Get the Audioholics AV Gear Guide Ebook FREE! For its part of the new “strategic distribution alliance”, Voxx has created a dedicated subsidiary called "11 Trading Company LLC" that will handle all ongoing Onkyo/Pioneer orders, warranties, returns and customer support.