Consumer Electronics

Andrew Hunt, the co-founder of the hot eyewear retailer Warby Parker, has raised $138.3 million for a new venture capital firm, reports Boston Business Journal. The Boston-based firm is called Elephant Partners and is reportedly focused on consumer Internet, mobile and software. (Boston Business Journal)

Best Buy has formed a retail partnership with the manufacturer of what is expected to be one of the hottest selling items in consumer electronics this holiday season.

The retailer is teaming up with Yuneec International to offer the Typhoon drone series, which includes the Typhoon Q500 4K and Typhoon G multicopters, as well as the Typhoon Wizard, a new ultra-lightweight remote control drone.

Pickerington, Ohio -- Stark Enterprises acquires The Shoppes at Stonecreek in Pickerington, Ohio. The 45,000-sq.-ft. retail center is located east of Columbus and is currently 100% occupied. Featured tenants include Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

“This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.

This holiday season, merchants will see at least one major change from last year: the prevalence of mobile wallets, and consumers eager to use them.  The problem is, while many large merchants are prepared to accept mobile wallets, many smaller merchants are not.

Here’s a primer on the major mobile wallets, and what merchants need to know about each.

Costco is adding a bit of digital expertise to its ranks with its latest new board member.

Starbucks Corp. is reportedly seeing value in a new addition to its drive-through order windows.

According to Bloomberg, Starbucks is rolling out video screens to 2,400 drive-through lanes in stores across the U.S. during the next 12 months. In one major differentiator from the drive-through screens found at many quick service chains, Starbucks screens will feature a real-time audio/video feed of the barista taking the order.

Images of items the customer orders will appear on the screen to ensure they are placed correctly.

More Americans are planning holiday-related purchases this year than in 2014, and those who plan to shop will spend more over a longer period of time.

That’s according to the International Council of Shopping Centers 2015 Consumer Forecast, which shows that 90% of Americans are planning holiday purchases this season, up from 82% last year. And overall, 80% of shoppers plan to spend the same or more this holiday season than they did in 2014.