![]() ![]() Temiz was quoted by the Bergen Record newspaper as saying last year that he wanted to reformat the stores to a much smaller footprint. So the future remains murky for the once high-flying chain that is a part of the Pro Group. Electronics Expo, as well, could opt for such a conversion. On the other hand, creditors get a say in the matter and can petition the court to convert the proceedings to a Chapter 7 if they feel that is in their best interests. So Electronics Expo could still be around for a long time to come. However, in the case of a Chapter 7 bankruptcy, the company is closed down and all assets are sold off…the proceeds of which are distributed amongst all of the creditors. In some cases…rarely, unfortunately…companies can re-emerge from Chapter 11 as an ongoing concern. Leading Electronics Retailer Residential + Commercial Installation 491 US-46 West Wayne, NJ 07470. This means that the company is seeking protection from creditors as it puts together a plan to reorganize their business. 2260 Rt 22, Union, New Jersey, 07083, United States Phone Number. RS, formerly Allied Electronics, is an omni-channel provider of industrial and electronics products and solutions to industrial customers across the. It is important to note that Temiz and Electronic Expo has filed for Chapter 11 bankruptcy, as opposed to a Chapter 7 bankruptcy. In its initial filing, Electronics Expo lists assets of “$1 million -$10 million” and liabilities of “$ 1 million -10 million.” And while the company’s total list of creditors spanned 17 pages, it specifically showed the top 20 creditors with the amounts owed to them. Triple-whammy…Īs many reports on Best Buy’s troubles have noted, retailers are also faced with a triple-whammy of loss of profits as competition drives down prices, dropping demand for televisions…and, more and more consumers preferring to buy from online sources such as. And, also like every other retailer in the video business, they struggled to make any profit on the sales of those televisions. And, like many other retailers, sources tell us that Electronics Expo got hooked on the volume that flat-panel televisions drove. It also offered custom installation services for more sophisticated installations.īut Electronics Expo was also an aggressive advertiser with many door busters and loss leaders employed to drive retail floor traffic. ![]() The company offered large showrooms with their brands on display both individually as well as in systems. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.Electronics Expo sought to differentiate itself from more mainstream sellers of electronics, focusing its business on more upscale brands. Video Equipment & Supplies Consumer Electronics Stereo, Audio & Video Equipment-Dealers. ![]() BBB Business Profiles are subject to change at any time. Djb Electronic Distributors Inc - CLOSED. The Epson Pro Cinema LS12000 is on display for demo at our Wayne, NJ showroom Come have a look and see why it was chosen as s Editors Choice award. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. BBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. ![]()
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