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  • Cellairis opens first in-line store location

    Atlanta -- Wireless accessory retailer Cellairis said Tuesday it has opened its first in-line store at North Point Mall in Alpharetta, Ga.

    Operating over 700 kiosks in malls across the country, the company is launching this new model in order to provide consumers with a more robust retail experience, it said.

    The opening is the first in a company-wide initiative to implement a new store design, which features multimedia displays.

     

  • Glimcher acquires University Park Village for $105 million

    Fort Worth, Texas -- Columbus, Ohio-based Glimcher Realty Trust announced Monday the acquisition of University Park Village, an open-air center located in Fort Worth, Texas.

    The 173,220-sq.-ft. center is 97% occupied, generates sales of more than $800/sq. ft., and is tenanted by Apple, Anthropologie, J. Crew, Lululemon Athletica and Madewell, among others.

    Glimcher purchased University Park Village for $105 million.

  • BBY founder close to purchasing company

    Former Best Buy chairman Richard Schulze is reportedly close to reaching an agreement to buy the company he founded, according to a Minneapolis Star Tribune report citing a source close to the situation.

  • comScore report: Green Monday spending jumps 13% to $1.275 billion

    Reston, Va. -- In a report released Wednesday by comScore, Green Monday has emerged as the third heaviest online shopping day of the holiday season to date, reaching $1.275 billion in spending.

    Just ahead of Green Monday are Cyber Monday at $1.465 billion and Tuesday, Dec. 4, at $1.362 billion.

    For the holiday season to-date, $29.3 billion has been spent online.

  • Best Buy enters holidays with urgency and purpose

    Best Buy on Tuesday continued its string of negative same store stores sales, posting a 4% decline at U.S. stores, and recorded a worse than expected profit.

  • Victoria’s Secret takes the wraps off redesigned NYC flagship

    New York -- Victoria’s Secret has reopened its New York flagship with a re-design that embodies the brand's sexy, sophisticated and glamorous spirit with a nod to its heritage.

  • Staples results reflect economic weakness

    Third quarter sales at Staples declined 2% to a little less than $6.4 billion and a host of previously announced charges resulted in the company reporting a loss of $569 million or 85 cents a share.

  • Retired Williams-Sonoma exec joins Best Buy

    Minneapolis -- Best Buy today announced that retired director, EVP, chief operating and CFO of Williams-Sonoma, Inc., Sharon McCollam, will join the company as its new chief administrative and CFO, effective Dec. 10, according to a Reuters report. McCollam, 50, left Williams-Sonoma earlier this year after serving as an executive officer for more than 12 years.

    McCollam succeeds CFO James Muehlbauer, whose departure was announced last month. Muehlbauer will leave the company at the end of this fiscal year, allowing for a smooth transition.

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