Emerson Radio Corporation is one of the United States' largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912.
Emerson Radio and Phonograph paid $6 million to purchase the consumer products division of DuMont Laboratories in 1958.
[5] With this acquisition, a higher-priced line of television sets, phonographs and high-fidelity and stereo instruments, along with the DuMont trademark was added to Emerson's products.
[7] In addition, in 1966 it strengthened its position in the integrated electrical installation field upon acquiring Electro-Air Cleaner Company of McKees Rocks, Pennsylvania; a firm producing a line of electronic air cleaning units.
The division contracted out the manufacturing of television sets and some other home entertainment products to Admiral Corp., and laid off 1,800 employees.
In addition to importing some of its home entertainment products from the Far East, Emerson continued to be responsible for design, engineering, and marketing.
In late 1972 National Union Electric announced that Emerson was discontinuing distribution of television sets and other home entertainment products.
Sales rose from $11.5 million in fiscal 1975 to $49.2 million in fiscal 1978, the year in which phonographs, radios, tape recorders and players, compact stereos, digital clock radios, and other low to medium-priced electronic equipment was being imported, assembled, and marketed, primarily under the Emerson name.
In 1979, Emerson began selling Heart Aid, after purchasing a large portion of Cardiac Resuscitator Corp., a near-bankrupt company.
Emerson Radio dropped its last U.S.-made product, the phonograph line, in 1980 because it became unprofitable due to rising labor costs.
Their plan was to have their suppliers (mainly in Taiwan and South Korea) imitate Sony and Panasonic audio/video products and then sell them at a lower price.
Emerson purchased sets from Goldstar Electric Co. (AKA LG Electronics), a South Korean company, but sold them at a higher price point.
In 1984, Emerson signed a 10-year contract with Orion Electric to produce a line of VCRs to its existing product lineup.
[11] Later that year, Emerson Radio moved its headquarters to North Bergen, New Jersey, and acquired H. H. Scott, Inc., a company that manufactured high-fidelity audio and visual equipment.
Fidenas Investment Ltd., a Swiss firm based in the Bahamas, began purchasing shares of Emerson Radio stock in 1989.
[14] In 1994, the company emerged from bankruptcy pursuant to a plan of reorganization and with $75 million in financing arranged by Fidenas, which had assumed a 90 percent stake in Emerson.
[19] The owner of Fidenas's, Geoffrey P. Jurick, had assumed the position of Chief Executive Officer (CEO) of the company in 1992 and in 1998 he added the titles of President and Chairman of the Board.
Kenneth S. Grossman, a private investor, along with Oaktree Capital Management, a Los Angeles-based investment firm that held a smaller stake in Emerson Radio, proposed to buy Jurick's holdings in the company for more than $14.6 million.
In 1999, Emerson also signed five-year license and supply agreements with Cargil International covering the Caribbean and Central and South American markets, along with WW Mexicana for certain consumer products to be sold in Mexico.
They also had a licensing agreement with Telesound Electronics for telephones, answering machines, and caller ID products in the United States and Canada.
Nearly 84 percent of its merchandise that year was imported, primarily from China, Hong Kong, Malaysia, South Korea, and Thailand.
[21] The agreement contemplated the supply and distribution of Emerson originated product categories through SHEAC's 200 retail stores and maintenance service centers as well as its extensive BtoB and BtoC e-commerce network.
[24] In recent years, the company has expanded the Smartset line adding models with features including a time projector, infrared touchless snooze control, CD-R/CD-RW, and an integrated "Made for iPod" top-mounting docking station.
In 1915, at the company's inception, Emerson's main product was the Universal Cut Records, capable of being played laterally or vertically.
In 1979, Emerson began selling Heart Aide, after purchasing a large portion of Cardiac Resuscitator Corp.
Also in 1995, Emerson announced it would license its name to more than 250 audio and video accessories made by Jasco Products Co., a firm selling cables, remote controls, and appliance cleaning devices.
They also had a licensing agreement with Telesound Electronics for telephones, answering machines, and caller ID products in the United States and Canada.