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Consumer Electronics

  • NewMark Merrill completes Colorado ‘lifestyle center’

    The first phase of NewMark Merrill’s redevelopment of the Village at the Peaks in Longmont, Colorado — a 500,000-sq.-ft. lifestyle center — has been completed.   The company purchased the 50% vacant Twin Peaks Mall in 2012 for $8.5 million and has since pumped $90 million into construction of the new project in a private partnership with the city of Longmont that included a $32 million public bond.  

  • Electronics giant to open new retail concept

    Sony is set to open a store in Manhattan that will highlight new products and technologies, and host consumer events, film screenings and music performances.

  • Survey: Back-to-school shoppers hitting stores earlier this year

    Ninety-three percent of consumers are starting their back-to-school shopping before classes begin and receipts promise to be strong for stores.   Three-quarters of the 2,000 shoppers surveyed by JLL recently said they planned to spend between $100 and $500 on school purchases, and most of those transactions figure to take place at brick-and-mortar locations. Only 19% said they’d buy supplies online and just 25% figured to look to the Web for apparel.  

  • Mastercard: Chip cards cut fraud by 60%

    Credit card fraud is down by more than 60% at Mastercard’s top five EMV-enabled merchants since chip cards were introduced late last year, according to the company.   “Mastercard has helped over 150 countries adopt EMV and, time and again, we’ve seen the same result — significant reductions in counterfeit card fraud,” said Chiro Aikat, Mastercard’s senior VP of EMV product delivery.  

  • Bass Pro Shops raises the walls at ONE DAYTONA

    In its race to open by early 2017, Bass Pro Shops has launched vertical construction on its 67,000-sq.-ft. outpost at ONE DAYTONA, the retail, dining and entertainment extravaganza underway across from the Daytona International Speedway.   Bass Pro Shops’ general contractor EMJ Construction utilized a 200-ton track crane to raise 30 panels that represent the walls of the structure.   

  • GameStop adds 507 stores with acquisition

    GameStop Corp. has acquired three AT&T mobility banners, which will add 507 wireless units to its global base of stores. The purchase price wasn’t disclosed.  

  • Outdoor retailer finds third home in Virginia

    When the new L.L. Bean store opened at Lynnhaven Mall this summer, it did so to lines wrapped around the building as shoppers waited to see the state of Virginia’s third store for the outdoor retailer.   The 17,138-sq.-ft. store in Virginia Beach joins outposts in Richmond and Tysons Corner; it was designed by Cuhaci & Peterson in a former Lord & Taylor space which was renovated by KBE Building Corp.    

  • Saddle Brook Square reaches 100% occupancy

    With the addition of Jembro Stores and Cricket Wireless, Saddle Brook Square – in Saddle Brook, New Jersey – has reached full occupancy, according to brokerage firm Ripco Real Estate, which has led the leasing efforts.   The 221,892-sq.-ft. shopping center is anchored by Walmart, TJ Maxx, Modell’s, and 24 Hour Fitness. Jembro Stores, a regional discount retailer, will occupy 5,280 sq. ft. adjacent to TJ Maxx. Cricket Wireless occupies 2,100 sq. ft.  
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