Skip to main content

Consumer Electronics

  • Co-inventor of bar code passes away

    NEW YORK — Norman Woodland, co-inventor of the bar code which transformed global commerce in the 1970s, passed away Saturday at the age of 91 from complications related to Alzheimer’s, according to a Reuters report.

    The advent of the bar code reshaped retail decision-making and supply chains and its impact continues to be felt today. Five billion products are scanned optically using the bar code every day, according to GS1 US, the American arm of the global UPC standards body.

  • Best Buy extends deadline for offer by Schulze

    New York -- Best Buy Co. on Friday said it agreed to extend the deadline to Feb. 28 for founder Richard Schulze to make a bid for the company.

    The company said it is in the best interest of shareholders to let Schulze and his partners include results from the holiday season in their due diligence review.

  • Griffin Technology chooses Revel Systems Ipad POS solution for U.S.-based stores

    San Francisco -- Revel Systems, a provider of iPad point-of-sale solutions, announced that its cloud-based POS system has been chosen by Griffin Technology and is now live in its five United States-based MicroStores.

    Revel Systems’ POS solution connects the retail locations through its cloud-based system so that data can be easily pulled in real-time, a major benefit over other server-based solutions.

  • Retail sales rose 0.3% in November

    Washington, D.C. -- A report released Thursday by the Commerce Department said that U.S. retail sales rose 0.3% in November from October, reflecting a bounce back after the effects of superstorm Sandy. Excluding fuel, retail sales increased a solid 0.8%. The median forecast of 81 economists surveyed by Bloomberg called for a 0.5% rise.

    The 0.3% rise offsets a 0.3% dip in October from September.

  • BBY founder close to purchasing company

    Former Best Buy chairman Richard Schulze is reportedly close to reaching an agreement to buy the company he founded, according to a Minneapolis Star Tribune report citing a source close to the situation.

  • Report: Best Buy founder to make $5 billion to $6 billion buy-back bid

    New York -- A Thursday report by the Minneapolis Star Tribune said that Best Buy Co. founder Richard Schulze is expected to make a fully financed offer of $5 billion to $6 billion by the end of the week to buy the retailer.     

    The newspaper cited an unnamed source for the report.

    The bid would fall below Schulze’s August offer of up to $10.9 billion including debt.

    Best Buy has not yet commented publicly on the report.

  • comScore report: Green Monday spending jumps 13% to $1.275 billion

    Reston, Va. -- In a report released Wednesday by comScore, Green Monday has emerged as the third heaviest online shopping day of the holiday season to date, reaching $1.275 billion in spending.

    Just ahead of Green Monday are Cyber Monday at $1.465 billion and Tuesday, Dec. 4, at $1.362 billion.

    For the holiday season to-date, $29.3 billion has been spent online.

  • Manscaping goes mainstream and retailers are on top of trend

    Retailers are enjoying solid sales of male grooming aids this holiday season, according to NPD.

    Men’s grooming products are perennially popular holiday items because they provide a convenient gift-giving solution, but this trend is even more evident this year based on NPD’s findings.

    Men’s grooming appliances include men’s electric shavers, facial trimmers, home hair clippers, pen trimmers, body groomers and nose/ear trimmers.

X
This ad will auto-close in 10 seconds