Strategy

The consumer electronics category is expected to set a holiday sales record this season and one of the hottest brands going right now is the GoPro line of cameras and accessories.

That explains why Best Buy just expanded its offering of the popular brand to feature a striking 12 foot display that features an endcap with a 40 inch monitor to showcase the type of video the GoPro line is capable of capturing. A centerpiece of the display will be the brand’s new HERO4 model which will be available on October 5.

Just a couple of days after elevating Ray Cotton to SVP, chief compliance and sustainability officer, Lumber Liquidators has launched a new section of its website dedicated to sustainability.

The original content is rooted in the company's "Lay It Forward" business strategy, which according to the company, centers on the long-term benefits of quality hardwood flooring, protecting the environment and supporting the communities it serves.

New York -- Nordstrom is searching for about 250,000 sq. ft. of space in which to open a full-line store in downtown Manhattan, Women’s Wear Daily reported. Saks Fifth Avenue recently announced it will open downtown, as an anchor in Brookfield Place.

Nordstrom is scheduled open its first full-line store in the Big Apple, on 57th Street between Broadway and Seventh Avenue, in 2018.

Leadership changes continue at struggling specialty retailer Wet Seal. Just one month after appointing Edmond Thomas as CEO, following John D. Goodman’s departure, CFO Steve Benrubi has resigned. He will remain with the company through December 1 to assist with the transition.

The company said it plans to search for a new CFO, but offered no further details.

New York -- RadioShack Corp. has agreed to a financing packaging arranged by its biggest investor, hedge fund Standard General, that would help ease the retailer’s cash crunch as it heads into the holiday selling season, Bloomberg reported.

Dublin, Calif. - Ross Dress for Less will open two new stores in Illinois on Oct. 11. The stores are located in Hickory Point Mall in Decatur and Times Square Mall in Mount Vernon.  

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 

Pasadena, Calif. - German software provider Nemetschek AG is acquiring Bluebeam Software Inc., a developer of PDF-based collaboration solutions for the architecture, engineering and construction (AEC) industry, for $100 million. Both firms focus on enabling project teams to build better by digitizing project information.

Deerfield, Ill. -- Walgreens’ same-store stores increased 7.9% in September. Total sales increased 9.4%, to $6.5 billion compared to the same month in fiscal 2014, the company reported Friday.

Comparable store front-end sales rose 1.7%, while comparable store pharmacy sales rose 11.3%.

Walgreens opened nine stores during September, including four relocations, and closed four.