Consumer Electronics

Denver — H&M has signed a lease for 20,000 sq. ft. at The Orchard Town Center, a 914,000-sq.-ft. open air regional retail center in Westminster, Colo., according to Vestar, the property’s owner. H&M plans to open the new store in the fall.

The addition of H&M comes less than two months after Vestar acquired the property for $123.5 million in an all cash transaction. Vestar plans to redevelop the project, rebranding the center with new amenities while brining in new retailers.

Los Angeles — Hong Kong is by far the world’s most expensive city for global retailers. Even so, prime rents in major global markets such as New York, Paris and London continue to break records, according to new research from global property advisor CBRE Group.

PCMS, a supplier of software and IT consulting services, has named retail technology executive Andrew Winans as CEO of its Americas operation.
 

Ingolstadt, Germany -- Media Markt – Saturn Holding Netherlands, the Netherlands subsidiary of German electronics retailer Media Markt, has deployed Pricer ESLs in all 45 stores in the Netherlands. This investment in electronic shelf label (ESL) technology is part of Media Markt – Saturn Holding Netherlands’ omni-channel concept, which is based on an active and flexible pricing policy, and on having matching sales prices at any time in the company's brick-and-mortar stores and its online shops.

Chicago — Forever Yogurt and T’s Code, a women’s clothing boutique, have leased shops in Glen Town Center in Glenview, Ill. Forever Yogurt has taken 1,134 sq. ft., and T’s Code will occupy 1,789 sq. ft. CBRE represented the landlord, Bank of America Commercial Mortgage, in both leases.

Hoffman Estates, Calif. - Sears Hometown and Outlet Stores, Inc. has opened a new Sears Home Appliance Showroom store in Vallejo, Calif. The new store is hosting its grand opening celebration Feb. 28-March 1, and was the 20th Sears Home Appliance Showroom Store to open in 2013.

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. has opened two new Sears Hometown Stores. The stores are located in Longmont, Colo. and Wenatchee, Wash., and will celebrate their official grand openings Feb. 28-March 1.

The stores were the 15th and 16th Sears Hometown Stores to open in 2013. If a product is not available in-stores, Sears Hometown Store associates can order customers any product from the entire merchandise selection offered by Sears.

Severe weather in the fourth quarter did not prevent Conn’s from reaching its sales objectives, but increases in wholesale television prices affected electronics sales.