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Consumer Electronics

  • High-end home retailer Fixtures Living to open first East Coast location

    New York -- Fixtures Living, which specializes in high-end kitchen, bath, outdoor and lifestyle appliances, will open its first East Coast location at Lenox Marketplace in Atlanta. Additional stores are scheduled to open in Glendale, Calif., Chicago and Dallas

    The emerging retailer, whose stores average 27,000 sq. ft., currently has three locations in California, in Costa Mesa, Rancho Mirage and San Diego.  

  • Glimcher to buy WestShore Plaza and sell Lloyd Center

    Columbus, Ohio -- Glimcher Realty Trust has announced plains to purchase its remaining interest in WestShore Plaza in Tampa, Fla. and to sell its interest in Lloyd Center in Portland, Ore. Glimcher holds a 40% interest in a joint venture with Blackstone Real Estate Partners VI that owns both properties.

  • RadioShack continues courting younger customers

    FORT WORTH, Texas — RadioShack continues courting younger customers, this time by hosting an appearance at one of its Manhattan stores by Muve Music-featured R&B artist Fantasia.  

    Fantasia is best known for winning the third season of American Idol. She is also a Grammy Award winner.

  • NRF: Father’s Day spending to rise slightly

    Washington, D.C. -- Americans will spend a little bit more on dad this year, stretching their budgets enough to show their favorite man just how much he is appreciated, according to a survey by the National Retail Foundation.

    The group, 2013 Father’s Day spending survey, conducted by BIGinsight, found that the average consumer will shell out $119.84 on dad’s gifts this year, up from $117.14 last year. Total spending for Father’s Day is expected to reach $13.3 billion.

  • NRF: Los Angeles, New York and Chicago are top cities for organized retail crime activity

    Washington, D.C. -- Los Angeles, New York and Chicago top the list of the cities with the highest organized retail crime activity, with Miami and Atanta rounding out the top five, according to a study by the National Retail Federation.

    The NRF’s ninth annual Organized Retail Crime (ORC) Survey found that while organized crime has inched down slightly, it remains widespread. Over 90% (93.5%) of retailers said they had been a victim of organized retail crime during the past year, down from 96% the prior year.

  • Conn’s Q1 income nearly doubles; raises forecast

    The Woodlands, Texas -- Conn's Inc.’s net income nearly doubled in its first-quarter, with strong sales of furniture and mattresses and some higher prices. The company lifted its fiscal 2014 adjusted earnings forecast.

    Conn's earned a better-than-expected $22.2 million for the quarter ended April 30, up from $11.6 million a year ago.

    Revenue jumped 25% to $251.1 million. Same-store sales rose 16.5%.

  • Vintage Real Estate acquires The Mall at Whitney Field

    Leominster, Mass. -- Vintage Real Estate has purchased The Mall at Whitney Field, a 700,000-sq.-ft. regional shopping center in Leominster, Mass., about 35 miles west of Boston. Anchors include Macy’s, Sears, J.C. Penney, Market Basket, Toys “R” Us and Old Navy.

    Concurrent with the acquisition, Burlington Coat Factor signed a 10-year lease for a 66,000-sq.-ft. space formerly occupied by Circuit City.

  • Golfsmith coming to Fifth Avenue

    New York -- Golfsmith International will open a two-story, 15,000-sq.-ft. store on Fifth Avenue, near 38th Street, in Manhattan.
       
    The store, opening on Friday, June 7, features three state-of-the-art club fitting studios with simulators that enable customers to test drive the latest equipment with the same technology used to fit tour pros. The store also has an indoor putting green and technology bar with GPS units, range finders and a variety of high-tech gadgets.

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