Consumer Electronics

PARK CITY, Utah — Skullcandy is relocating certain departments, making changes to its executive team and searching for a new CFO so it can better align its product, marketing and sales functions. 

As such, the company is relocating its marketing, creative, business development and legal departments, as well as certain sales and international personnel to its headquarters in Park City, Utah, and will close the office in San Clemente, Calif., which has historically housed significant portions of these functions. 

Dallas -- Cypress Equities Real Estate Investment Management has announced the acquisition of Lloyd Center in Portland, Ore. The enclosed, three-level 1,478,000-sq.-ft. regional shopping center is located near downtown close to the Convention Center, Rose Garden Arena and Memorial Coliseum.

WAYNE, N.J. — Lingering cold weather and soft sales in its electronics and entertainment categories caused Toys”R”Us’ net and comparable store sales for first quarter ended May 4 to dip. 

The company reported net sales of $2.4 billion, a decrease of nearly 8% from $2.6 billion for the quarter a year ago. The decline in net sales for the quarter was primarily attributable to a decrease in comparable store net sales, as well as a foreign currency translation impact of $67 million. 

Washington, D.C. -- The National Retail Federation reported Thursday that retail sales in May increased 0.6% seasonally adjusted from April and rose 4.8% unadjusted year-over-year.

The results, which excluded automobiles, gas stations and restaurants, were boosted by improved consumer confidence and spending.

REDMOND, Wash. — Best Buy has landed a partnership with Microsoft Corp. that will allow the retailer to offer a Windows Store at 500 of its locations in the U.S. and more than 100 Future Shop locations in Canada.

For anyone involved in retail, it feels like the International Council of Shopping Centers (ICSC) Spring Convention in Las Vegas signifies an important yearly milestone. Those of us in the industry can be forgiven for visualizing a “retail year” that begins immediately after the convention in May and runs until RECon opens its doors the following year.

Redmond, Wash. -- Microsoft Corp. on Thursday announced that it plans to open 500 “Windows Store” shops in 500 Best Buy stores across the country and in more than 100 Best Buy and Future Shop locations in Canada. The roll out will launch in late June, lasting through September.

The in-store shops will sell exclusively Windows-based tablets and computers and other Microsoft products, with support from dedicated staff, in an interactive environment.  

Seattle -- Outdoor retailer REI announced Thursday it will open two new stores in the spring, one in Flagstaff, Ariz., and the other in Columbus, Ohio.