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Consumer Electronics

  • Walmart, Kroger, and Target among chains working with University of Florida team to curtail shoplifting

    GAINESVILLE, Fla - More than 40 major retail chains, including The Home Depot, Walmart, Kroger and Target, formed a specialized research council to facilitate the use of science to curtail theft and violence. As part of this effort, A specialized University of Florida research team has been formed to interviews offenders, analyzes large datasets, and conducts field experiments to adapt and devise new crime control methods and technologies.  

  • Toys ‘R Us shrinks Q3 net loss with lower taxes, interest

    Wayne, N.J. – Toys ‘R Us Inc. shrunk its net loss to $213 million in the third quarter of fiscal 2014 from $605 million in the year ago, helped by expense controls and a less intense promotional enviroment.  The retailer, however, did not provide an outlook for its holiday performance.  

  • Phillips Edison acquires Kroger-anchored center near Atlanta

    Cincinnati - Phillips Edison Grocery Center REIT II announced the acquisition of Spivey Junction, an 81,475-sq.-ft. grocery store-anchored shopping center in Stockbridge, Georgia, a suburb of Atlanta.   Spivey Junction is anchored by Kroger, and features a fuel center. Other national and regional tenants at the center include Great Clips, Workout Anytime, Domino's Pizza, Subway, Goodwill and Miracle Ear.

  • Cabela’s to build store in Farmington, Utah

    SIDNEY, Neb. - Cabela’s Inc. announced today plans to open a 72,000-sq.-ft. store in Farmington, Utah.  Construction is scheduled to begin in 2015, and Cabela’s anticipates a spring 2016.   The store will be located in the newly planned Park Lane Commons development adjacent to Station Park on the west side of Interstate   

  • RadioShack looks to slash costs as as Q3 loss widens and sales keep falling

    Fort Worth, Texas - There’s no quick turnaround in sight for RadioShack. On Thursday the struggling chain reported a wider-than-expected third-quarter loss and detailed cost costs that include staff reductions and more store closings to boost earnings by some $400 million annually.  

  • NRF: November retail sales rise 0.6%

    Washington, D.C. – Retail sales showed slow but steady growth during November 2014. According to the National Retail Federation, retail sales, not including automobiles, gasoline stations or restaurants, increased 0.6% seasonally-adjusted from October and 3.2% unadjusted from November 2013.  The increases were in line with NRF’s holiday sales forecast, which anticipates an increase of 4.1% from 2013.   

  • Wells Fargo celebrates grand opening at 120 Ninth Avenue

    New York - Stonehenge Partners announced that Wells Fargo has officially opened its 1,375-sq.-ft. space at 120 Ninth Avenue. Wells Fargo is the first tenant to take occupancy at the retail property, which offers almost an entire block of frontage on 9th Avenue between 17th and 18th streets.  

  • More losses, more cost-cutting at RadioShack

    RadioShack CEO Joe Magnacca contends the company’s core strategies are working even though evidence of the success was hard to see between a steep third quarter loss and double digit same store sales decline.

    Same store sales were down 13.4% in the third quarter ending Nov. 1, driven by traffic declines and soft performance in the mobility business, the company said. Total sales and operating revenue were $650.2 million, compared with $775.4 million last year.

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