It’s been a rough five years for sellers of car radios, speakers and subs and a tough 18 months for small retailers in general. Put these two conditions together and you can see why 8-store retailer MyerEmco AudioVideo is making an exit from the car audio business.
The Washington-DC-area retailer is closing the car electronics departments in all stores possibly by the end of the month, and also shuttering one store in Gaithersburg, MD (bringing its total count to seven stores). The news came from suppliers and industry members and was confirmed by a call to one of the store outlets. A MyerEmco executive did not return our phone call.
Some say car electronics took a back seat at the retailer once former mobile electronics director and VP sales J.R. Stocks left the company over a year ago to become general manager at Freeman’s Stereo Video, Charlotte, N.C. We contacted Stocks who said he was saddened by the news. “I spent over six long hard years building the car department. It had double digit growth for three consecutive years when no one else was growing at that rate. It’s sad to put all that effort into something and look back and see it’s dissolved.”