Industry Veteran Returns to Good Guys to Fortify Sales Resurgence, Maximize
Growth Opportunities
SAN FRANCISCO, Aug. 16 /PRNewswire/ -- Good Guys (Nasdaq: GGUY), the
nation's second-largest specialty retailer of consumer entertainment
electronics, today announced that Kenneth R. Weller has been named to the
newly created position of president to help Good Guys maximize the expanding
growth opportunities in digital and high-tech entertainment electronics and
lead the company's efforts to boost sales and rapidly expand its market share.
Weller will also serve on the board of directors, filling a previously vacant
seat on the nine-member board.
(Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000816/SFW075 )
Weller, 52, most recently served as Best Buy's senior vice president of
sales after spending more than 11 years at Good Guys, where he was vice
president of sales from 1986 to 1993. As president, Weller initially will be
responsible for all aspects of sales and customer service as well as
operations, human resources, real estate and management information systems.
He will report to founder, Chairman and Chief Executive Officer Ronald A.
Unkefer, who will continue in his current role and oversee corporate
functions, including merchandising, advertising and finance, as well as the
implementation of the company's overall business strategy.
"The return home of Ken Weller will further strengthen Good Guys' value
proposition to early adopters and tech-savvy consumers of entertainment
electronics who demand a superior level of service and a distinctive product
selection," said Unkefer. "With Ken's proven leadership, I firmly believe
that Good Guys can accelerate our long-term growth by super-serving the needs
of our customers, embarking on new and innovative opportunities to capitalize
on the growing adoption of digital technologies and building the most
knowledgeable and effective sales force in the industry."
Weller began his career in 1982 as a sales associate at Good Guys' Concord
store, rising to the position of vice president of sales in 1986 after holding
various store management positions. Weller is largely credited with the
massive growth Good Guys experienced during his seven years at the helm of the
sales organization. Under his leadership, sales grew more than 500 percent
and the store base expanded from 11 stores to 45 stores. Since 1993, Weller
has led Best Buy's expansion throughout the western United States, opening
more than 60 stores in seven years, and has been responsible for half of all
Best Buy's retail sales.
"With Good Guys' tremendous buying power, well-established brand
recognition and highly trained sales force, the company offers customers an
exceptional blend of broad product selection and customer service at extremely
competitive prices that is unrivaled by the national chains and local
specialty stores," said Weller. "I look forward to returning to Good Guys and
working with the stellar team that has been assembled to build a world-class
sales organization and better serve the niche market Good Guys has created for
discerning customers of mid to high-end consumer entertainment electronics."
Good Guys is a leading specialty retailer of consumer entertainment
electronics, offering a distinctive selection of fully featured digital and
high-tech products from more than 100 of the world's most respected
manufacturers. Founded in 1973, Good Guys currently operates 79 stores in
California, Nevada, Oregon and Washington. For more information, visit
http://www.goodguys.com.
To the extent this news release contains forward-looking statements, such
statements are subject to risks and uncertainties, including, but not limited
to the successful implementation of the Company's current restructuring
program, increases in promotional activities of competitors, changes in
consumer buying attitudes, the presence or absence of new products or product
features in the Company's merchandise categories, changes in vendor support
for advertising and promotional programs, changes in the Company's merchandise
sales mix, and economic conditions.
SOURCE Good Guys
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Related links:
http://www.thegoodguys.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20000816/SFW075
AP Archive: http://photoarchive.ap.org AP PhotoExpress
Network: PRN2 PressLink Online: 800-888-6195
PRN Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/108403.html or fax,
800-758-5804, ext. 108403
CONTACT:
Kristen Lark of Good Guys, 214-220-2484, or
klark@goodguys.com
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