Consumer Electronics

Oak Brook. Ill. - Retail Properties of America Inc. has signed two new leases at its Gateway Plaza shopping center located in Southlake, Texas. Buybuy Baby and Cost Plus World Market, at Gateway Plaza located in Southlake, Texas. Buybuy Baby and Cost Plus World Market are both expected to open in fourth quarter 2015.

The 365,200-sq.-ft. power center is anchored by Kohl's, T.J. Maxx, Old Navy, Ulta Beauty and Bed Bath & Beyond, as well as many other prominent national retailers and restaurants.
 

GameStop Corp. grew sales and revenue in the second quarter, but it also took steps to expand its non-gaming business.

For the second quarter ended Aug. 1, the retailer’s net income rose 3% to $25.3 million from $24.6 million. Total global sales rose 2% to $1.76 billion from $1.73 billion, and consolidated global same-store sales increased 8.1% (10.8% in the U.S. and 1.8% internationally).

Indianapolis -- Simon announced the opening of an additional 250,000 sq. ft. of outdoor shopping space, significantly increasing the footprint of Chicago Premium Outlets in Aurora, Illinois. New stores including Saks Fifth Avenue Off 5th, Columbia Sportswear, UGG Australia, Vince, and the first Midwest outlet stores for Robert Graham and Clarins have joined existing brands such as Coach, Cole Haan, Michael Kors, Nike Factory Store, Skechers, Under Armour, and Vera Bradley who have expanded their presence.

Seattle – The flop of Amazon’s Fire smartphone device last year continues to have repercussions.

According to the Wall Street Journal, Amazon has laid off dozens of employees who worked on developing Fire at its Lab126 innovation center in Silicon Valley.

Dallas – Some major retailers are participating in the 30th Retailing Summit conference hosted by The Texas A&M University’s Center for Retailing Studies at Mays Business School.

Marvin Ellison, the new CEO of The J.C. Penney Co. Inc. and Barry Beck, co-founder and COO of Bluemercury, which was recently purchased by Macy’s, will be among the speakers at the conference, held Oct. 8-9 at the Westin Galleria in Dallas.

Grapevine, Texas – GameStop Corp. on Thursday posted a strong second quarter, with profit and revenue that topped analysts’ estimates.

The retailer’s net income rose 3% to $25.3 million from $24.6 million.

New York — Bealls Inc. has taken the wraps off its new store banner targeted at millennials.

The department store retailer debuted Bunulu at Coconut Point Mall in Estero, Fla. Two additional locations at the St. Johns Town Center in Jacksonville, Fla. and The Garden Mall in Palm Beach, Fla. are due to open by the end of this year.

Seattle – Mobile shopping has been getting attention for its rapid growth, and one major retailer is leading the way.

According to new data from online coupon database Coupofy.com, Amazon.com is the leading mobile commerce retailer, with 110% growth in 2014, earning revenues of $16.8 billion.

Amazon is followed by Apple ($14 billion), Chinese store Jingdong Mall ($5.8 billion), Google Play ($4.4 billion), and QVC ($1.86 billion).