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Consumer Electronics

  • DDR acquires shopping centers in Oregon and Arizona for $70 million

    Beachwood, Ohio -- Mall owner DDR Corp. announced Wednesday that it has acquired its joint-venture partner’s 50% ownership interest in two power centers located in Portland, Ore., and in Phoenix. The $70 million transaction gives DDR full ownership of the assets.

    Tanasbourne Town Center, in Portland, is a large-format power center totaling 566,000 sq. ft. and anchored by Target, Nordstrom Rack, Bed Bath & Beyond, Ross Dress For Less, Michaels, Old Navy and Petco.

  • Survey ranks the 10 most ‘relevant’ retailers

    Boston -- Amazon.com is America's most relevant retailer, followed by Target, according to Brodeur Partners’ Retail Relevance Top 10 ranking. The study asked shoppers to look at 21 of the nation's top retailers and select the "most" and "least" personally relevant retailer in four specific areas: practicality, values, sensory appeal and social appeal.

  • Conn's swings to profit in Q4, on track to open 5-7 stores this year

    Beaumont, Texas -- Conn’s Inc. reported Tuesday that it earned $7.7 million in the quarter ended Jan. 31, compared with a loss of $3.6 million in the year-ago period.

    Revenue increased 3.7% to $226.7 million, beating Wall Street’s expected $221.4 million. Same-store sales surged 12.1%.
       
    The company said it is on track with its store opening plans, which calls for five to seven stores in new markets this year.

  • Online health and beauty retailer opens virtual pop-up in Toronto

    Toronto -- Well.ca, the largest health, baby and beauty e-commerce retailer in Canada, has opened the first QR-code “virtual store” in North America, in Toronto. The temporary space is open from April 2 to April 30.

    “At Well.ca our mission is to break down barriers to online shopping. We've mashed together our love of smartphones, the convenience of e-commerce and free shipping to do something no other retailer delivers,” said Ali Asaria, founder and CEO of Well.ca.

  • Wireless Workstations Save Time and Labor

    By Christine Wheeler, [email protected]

    Thanks to wireless technology, carts with on-board power supplies are opening up new frontiers of efficiency, productivity, and profitability in retail stores and distribution centers. These mobile powered workstations (MPWs) carry computers, barcode scanners, and printers of all kinds, reducing foot travel and paperwork wherever they go.

  • Freedom Crossing, first open-air center on military base, announces new tenants

    El Paso, Texas -- Freedom Crossing at Fort Bliss, the first-ever, open-air shopping center to be part of a United States military installation, announced that A'Gaci, O'shoes, and Texas Roadhouse will soon open at the retail destination. Comprised of more than 461,000 sq. ft. of gross leasable area, Freedom Crossing is one of the only shopping centers to be built in the United States in recent years, and the first opportunity for businesses to privately operate within an open-air center on a U.S. military installation

  • Best Buy to close 50 big-boxes, expand mobile-only format

    Minneapolis -- In a move to tighten its footprint and reduce costs, Best Buy Co. said Thursday it will close 50 of its signature big-box stores and open 100 of its small mobile locations in the United States in fiscal 2013. The shift will help cut $250 million in costs by 2013 and $800 million by 2015, said the electronics retailer.

  • Target confirms location of 12 Quebec debut stores

    Minneapolis -- Target Corp. announced Thursday the location of its first 12 stores in Quebec. As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc., and plans to open 125 to 135 stores in Canada, the majority of which will open in 2013.

    Target said it intends to announce additional Quebec store locations in the coming months.

    Target plans to open stores in the following locations in fall 2013:

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