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Consumer Electronics

  • Costco stuns shoppers with 4K marketing solution

    Costco hopes to sell more high-definition televisions and merchandise in clubs after going live with its revamped Costco TV Network.

    The warehouse club leader deployed 4K technology to its existing in-warehouse TV network in a move designed to boost sales of televisions and help brands who use the network’s promotional capabilities better connect with shoppers. Powered by PRN, a division of Stratacache and longtime Costco partner, the TV network is in all 487 of the retailer’s U.S. clubs.

  • 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%.

  • And the world’s top shopping destinations are …

    New York City is the best city for shopping in the world, according to a report by Expedia.co.uk, followed by Berlin and Los Angeles. While New York has long been a retail hub, the Expedia study, “The World’s 25 Best Shopping Cities,” also contains a few surprises — Kuala Lumpur (Malaysia), for example, is ranked No. 5. [Expedia.co.uk]

  • Survey: Retailers falling short on in-store service

    There is a growing disconnect between shoppers’ growing in-store service expectations and retailers’ current service offerings and focus for the coming year.

  • RadioShack on comeback trail?

    Under new ownership and management, a revamped RadioShack is working to transform its remaining 1,720 stores, as well as its online presence, according to the Star-Telegram. “It was herculean to get the stores back into position, and they’re proof of what people want and expect,” said chief marketing officer Michael Tatelman. [Star-Telegram]

  • QVC exec joins GS1 US board

    QVC chief information officer Linda Dillman has joined the board of the GS1 US supply chain information standard organization.

    GS1 US is a supply chain information standards organization.

    Dillman will help guide the GS1 US strategy for driving the adoption and usage of the GS1 System of Standards in e-commerce. The standards uniquely identify products, services and locations globally. They are designed to assist in enhancing the consumer shopping experience while boosting online retailer efficiency, revenue and loyalty.

  • New retail concept, Star World, combines bricks and clicks

    Photo: Jerry Azarkman, president of Star World

  • Inland acquires grocery-anchored Marketplace at Tech Center

    Newport News, Va. -- Inland Real Estate Income Trust announced the acquisition of the approximately 210,000-sq. ft. Marketplace at Tech Center, a newly constructed grocery-anchored power center, in Newport News, Virginia. Mark Cosenza, VP of Inland Real Estate Acquisitions facilitated the purchase of the property on behalf of Inland Income Trust.

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