World Cup fever kicks off sleek TV sales (AP) Updated: 2006-06-19 15:30 "The quality is just incredible," said Christopher Belton, a British
freelance writer in Yokohama who bought a 460,000 yen (US$4,000; euro3,200)
46-inch high-definition Sony LCD TV to watch the World Cup. "It's better than
actually being at the stadium."
The buying spree is expanding to DVD recorders. The time difference with
Germany is prodding soccer fans to buy gear to record games that air late at
night.
Japan's soccer team is threatening to make a first-round exit after losing to
Australia and tying Croatia. But the country's electronics makers will continue
to win regardless.
In Brazil, retailer Casas Bahia gave plasma TV buyers a chance to win another
one for the equivalent of 40 U.S. cents _ but only if Brazil wins the
tournament.
"It was a success," said sales director Michael Klein. "In just seven days,
we sold what would have normally taken seventh months to sell."
British retail sales grew 4 percent in May on year, the strongest annual rate
of increase since December 2005. Most of that is attributable to a surge in
sales of electronics goods ahead of the World Cup, according to the Office for
National Statistics.
John Lewis, a department store in Great Britain, reported that sales of flat
panel TVs were up 118 percent from the beginning of February to the end of April
compared to the same period the previous year.
"We get two opportunities this year to sell TVs," says Sony Corp. spokeswoman
Mina Naito, referring to the World Cup and Christmas.
One reason the World Cup works as an incentive for gadget shopping: Companies
time the release of new models to such events.
In case consumers miss out on the World Cup blitz, companies are looking to
the 2008 Beijing Olympic Games to drive sales.
"We believe that even after the World Cup is over, the solid demand for
bigger and flatter screens won't change," Panasonic spokesman Akira Kadota said.
|