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Computers

  • Tech retailer pursues ‘broken’ opportunity with more stores

    American’s dependence on their devices – and their tendency to break – has given rise to a new breed of retailer that promises to get its customer back in the digital game fast.

    Carmel, Indiana-based uBreakiFix is on the move again in its home state with another new location in the Indianapolis market, its fourth in the area. UBreakiFix currently operates more than 170 stores after opening 63 locations last year. The fast-growing company expects to have 275 stores across North American by next year.

  • Taubman and Macerich complete purchase of Country Club Plaza

    Kansas City -- Taubman Centers and The Macerich Company announced a joint venture for Country Club Plaza location in Kansas City, Missouri from Highwoods Properties. The mixed-use retail and office property was purchased for $660 million cash, excluding transaction costs. Taubman and Macerich each own a 50% interest in the center.

  • Sales slowdown at Best Buy to continue?

    Softness in the mobile phone category continues to hinder growth at Best Buy Co., which reported a drop in same-store sales in the fourth quarter and continued online strength.

    For the fiscal quarter ended Jan. 30, the electronics retailer reported a decline in same-store sales of 1.7%. Specifically, sales of mobile devices and computing devices fell 6.8% in the United States. The category accounts for 43% of the company's total U.S. revenue.

  • Report: Circuit City is making a comeback

    Remember Circuit City? According to a new report from Twice, the new owners of the naming rights to the electronics chain have an ambitious plan to open retail outlets, websites, branded and private-label products, licensed kiosks, mobile shops and franchise opportunities -- all under the Circuit City banner. [Twice]

  • What’s driving wearable growth?

    Consumer interest in wearables is booming for reasons that retailers should find encouraging.
     
    New research from Mintel reveals that the U.S. wearable technology market is experiencing unprecedented growth, with estimated sales increasing 186% from 2014-2015, reaching $7 billion in 2015.
     
    And despite just one in 10 consumers owning a fitness tracker (12%) or smartwatch (7%), 16% of consumers said they planned to purchase a fitness tracker or smartwatch in the final three months of 2015.
     

  • RadioShack hopes to spark growth with new CEO

    RadioShack has lost its CEO after he served only nine months on the job.

    Ron Garriques has stepped down as chief executive of the consumer electronics chain in order “to pursue other interest in a role that will put him back closer to his family,”   the retailer said in a statement to the Fort Worth Star-Telegram. The company's CFO, Gordon Briscoe,  will serve as interim CEO until a replacement is found.

  • RadioShack looking for a new CEO—again

    RadioShack has lost its CEO after he served only nine months on the job.

  • Mobile phone sales hurt Best Buy's holiday quarter

    Holiday sales declined at Best Buy and the company reduced earlier guidance even though CEO Hubert Joly said the company’s seasonal strategy was well-executed. What’s up with that?

    In fact, lackluster consumer interest in electronics led Best Buy to report a decline in same store sales of 1.4% over the nine week period ended Jan. 2. Revenue declined .8%.

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