Computers

El Paso, Texas -- Best Buy Co. has signed a lease to open a 37,740-sq.-ft. store at The Fountains at Farah, a new power-lifestyle shopping center located in El Paso, Texas.

The shopping center, a Centergy Retail project, is under construction and planned to open in 600,000 sq. ft. in fall 2013.
 

Fort Worth, Texas -- RadioShack Corp. reported Wednesday its worst quarter since 1996, posting a loss of $21 million in the second quarter compared with a profit of $24.9 million in the same quarter last year.

Sales inched up 1.2% to $953.2 million in the quarter, missing Wall Street’s forecasted $970.4 million in revenue, and same-store sales were flat.

BURNABY, B.C. — Best Buy Canada and its subsidiary Future Shop are taking the issue of online competition head on with revised price match and return policies in response to the changing nature of retail in Canada and commitment to customer service.

VALHALLA, N.Y. — Fujifilm Holdings America Corporation announced that, effective June 28, Kaz Yamamura has been named as the new president of Fujifilm Holdings America Corporation; and Go Miyazaki has been promoted to president and COO of Fujifilm North America Corporation.

In his new role, Yamamura will also serve as the new chairman and CEO of Fujifilm North America Corp., overseeing management of eleven Fujifilm companies that operate in the United States. He is also a member of the board of directors and corporate VP Fujifilm Corp.

Basking Ridge, N.J. -- Verizon Wireless said Tuesday that its green retail store design has achieved pre-certification in the U.S. Green Building Council's LEED (Leadership in Energy and Environmental Design) Volume Program. 

Verizon Wireless is one of only eight retailers in the United States and the only wireless company to achieve pre-certification from the USGBC, according to the company.

FORT WORTH, Texas — RadioShack has named Telvin Jeffries as EVP and chief human resources officer and general manager of retail services, effective Aug. 1. Jeffries will report to Jim Gooch, president and CEO of RadioShack Corp.

FRAMINGHAM, Mass. — Customers looking to get their hands on the new Google tablet can now do so at Staples, as the retailer is offering the Nexus 7 for pre-sale. Nexus 7 8GB and 16GB will be available in Staples stores nationwide and at Staples.com for just $199 and $249 respectively later this month.

New York – Best Buy is cutting 2,400 employees, including 1,800 store employees and 600 Geek Squad technical support associates, employees, as it seeks to restructure operations, the Associated Press reported.

The layoffs amount to about 1.4% of the company’s total staff of 167,000. A Best Buy spokesman, Bruce Hight, said the cuts were part of the company’s “ongoing turnaround plan,” according to the report.