“Good place to work, but premium consumer/professional electronics brands is a tough category since the recession began ”
- Work/Life Balance
- Career Opportunities
- Comp & Benefits
- Senior Management
I worked at D&MRecommendsNo opinion of CEORecommendsNo opinion of CEO
The company has excellent people, great products and holds employees responsible and accountable for their performance. It also rewards outstanding performance by promoting from within.
Due to the loss of disposable income, the recession has caused financial difficulties for all premium consumer electronics brands, including those manufactured by D&M Holdings. This has resulted in widespread layoffs and several management changes at the top of the organization. These changes might have been necessary, but made it difficult to stick with an overall strategy and provide the resources required to effectively grow the business.
Advice to Management
Cut back on distributors to resume direct relationships with resellers so the company can stay abreast of the changes resellers are experiencing in the market. Increase investment in online marketing and e-commerce to pursue higher margins and gain independence from resellers who need to provide more shelf space than ever to inexpensive brands.
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D&M Holdings manages a medley of businesses making high-end audio equipment and home theater systems. The company's portfolio of consumer electronics brands includes Denon, Marantz, McIntosh Laboratory, Boston Acoustics, Snell Acoustics, and Escient. Its D&M Professional division markets audiovisual gear by Denon and Marantz to professional customers (for studio, broadcasting, education, and commercial uses). D&M's other professional offerings include mixers and controllers for disc jockeys by Denon DJ and audio mixing consoles under the Calrec and ...