Consumer Electronics

Restaurants and retail have fertile expansion ground in certain markets

While it’s true that technology, brick-and-mortar changes, and evolving consumer behavior are causing foundational shifts in the retail industry, a closer look at different U.S.

The way retailers light their stores is experiencing a major transformation as more and more retailers adopt LED lighting solutions. The experts at PowerSecure Lighting (powersecurelighting.com) spoke with Chain Store Age about LED lighting trends and LED retrofits.

What is the biggest trend you are seeing in retail lighting?

The shift to LED lighting.

GameStop uses beacons to put customers in charge of store promotions

Retailers often use in-store beacons to push promotions to customer mobile phones as they pass by. But video game retailer GameStop Corp., which operates more than 4,200 U.S. stores, takes a different approach.

“In the store, we have multiple pieces of signage marking the location of beacons,” said Charlie Larkin, senior director of GameStop Technology Institute, the retailer’s in-house IT development center.

Covington, La. - Stirling Properties and CBL & Associates Properties, Inc. are announcing 12 new tenants coming to Fremaux Town Center in Slidell, Louisiana. Anchored by a 128,000-sq.-ft. Dillard's, the second phase of this development will include approximately 285,000-sq.-ft. of additional retail space, including previously announced tenants Red Robin, Zales, Francesca’s and Aveda.  

Construction is moving along as scheduled with a planned opening of Phase II in October 2015.

Best Buy is looking to expand its smartphone offerings for America's growing population of aging adults with a San Diego-based company called GreatCall.

New York – While most observers agree there will not be widespread adoption of technology to accept payments from EMV-compliant payment cards in the U.S. by the October 2015 fraud liability shift deadline, Forrester Research is less optimistic than most. In a research note, Forrester said retailer concerns about the ROI of spending on chip and PIN technology, as well the development of new secure payment methods, will delay widespread adoption of hardware and software needed to accept chip and PIN payment in the U.S., until 2020.

Minneapolis – Best Buy Co. Inc., a founder of the MCX retailer consortium that is developing a mobile payment system called CurrentC, will accept Apple Pay in stores starting later in 2015. Apple announced Best Buy’s planned participation in Apple Pay during a call with investors.

Apple Inc. CEO Tim Cook said the launch of the company's new watch has been "overwhelmingly positive" just as another seemingly unstoppable surge of iPhone and App Store sales helped Apple Inc. post a 33% increase in profit for the second quarter, setting a record for its best March quarter ever.