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Consumer Electronics

  • These two retailers played key role to defeat controversial proposal

    Target Corp. and Best Buy didn't just talk the talk when it came to killing a border adjustment tax on imports that was the centerpiece of House Republicans tax reform plan.    In the first six months of 2017, Best Buy spent $1.71 million in lobbying efforts, twice as much as it spent the entire year in 2016, the Star Tribune reported. Target Corp. spent $1.48 million lobbying from January through June 2017, which was slightly less than it spent all of last year.  

  • Unsettled retail environment taking toll on senior executives pay

    Volatility in the retail industry is now hitting senior retail executives in the pocketbook.   Seventy-three percent of retail companies paid little to no bonuses to senior executives in 2017 for 2016 performance, with 35% paying no bonus and 38% paying only small bonuses to their executives, according to new research by Korn Ferry. The company conducted an analysis of 40 North American retailers with annual sales between $1 billion and $50 billion  

  • L.L.Bean bests Amazon in...

    For the third straight year, L.L.Bean has beat out Amazon in a customer service ranking.   The outdoor outfitter came out on top in Prosper Insights & Analytics’ annual review of service excellence among retailers, with Amazon a close second. Rounding out the top five; Lands’ End, Fingerhut, and Kohl’s.  

  • Target expanding its college store footprint

    Target is hitting the books.  

  • Amazon’s operations are shaping up Down Under

    Amazon’s Australian online store is one step closer to launching.   In addition to announcing the site of its first Australian warehouse, the online giant also named a German executive as its country manager. Both moves indicate that Amazon is preparing to launch its online store in the world's 12th-biggest economy, according to Reuters.  

  • Phillips Edison acquires Bakersfield center

    Phillips Edison has acquired another grocery-anchored center, this on in Bakersfield, California.   Riverlakes Village is a 92,212-sq.-ft. neighborhood center anchored by Von’s Supermarket and augmented by a classic necessity-based mix of CVS, Verizon Wireless, Bank of America, Supercuts, Steak and Grape’s, and Chipotle.    The center is 97% leased, according to broker CBRE, which did not disclose the sale price.  

  • What do customers want from virtual shopping?

    Virtual reality shopping is here and consumers — or at least the ones that are tech-savvy — are ready to use it.   Seventy to eighty percent of "early tech adopter" consumers are eager to use virtual commerce technology to design rooms, customize products and shops with friends from across the globe, according to a study from L.E.K. Consulting.   

  • The Rush to Deploy the Latest In-Store Technology is Compromising IT Security

    Digital transformation is accelerating the pace of change within the store environment.
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