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Consumer Electronics

  • Video game developer Electronic Arts to open stores

    New York City -- Electronic Arts, the Redwood City, Calif.-based sports video game developer, will make its freestanding retail debut this fall, opening an EA Sports store in North Carolina’s Charlotte/Douglas International Airport.

    The company is looking to open at least two additional stores in the next year.

  • Online presence better than some, not as good as others

    Walmart attracted nearly 33.6 million unique visitors to its website in May, earning the company the 29th spot on comScore’s monthly ranking of the top 50 U.S. web properties. That sounds like a lot of traffic, but 7th ranked Amazon.com drew nearly three times that level with 94.9 million unique visitors. Other notable, retail-oriented companies and their rank included 13th ranked Apple, with 70.3 million unique visitors, 14th ranked eBay, with 67.2 million unique visitors and 20th ranked Craigslist, with 51.8 million unique visitors.

  • Best Buy to sublet store space to smaller retailers

    Minneapolis -- Elaborating on previously announced plans to downsize its brick-and-mortar footprint, Best Buy CEO Brian Dunn said this week that the electronics retailer is launching plans to wall off parts of its big-box stores and sublease the space to smaller retailers, such as grocers, beauty supply stores, home furnishing outlets and others.

  • CSA Poll: Make your opinion count

    New York City -- Do you think Apple retail guru Ron Johnson will transform J.C. Penney Co.?

    Click here to register your opinion with the Chain Store Age poll.

  • Grab an app from the fridge

    NEW YORK  — Samsung Electronics America has launched a first-of-its kind LCD refrigerator complete with apps for keeping track of recipes, schedules and more. 

    The Samsung refrigerator includes the following apps:

    • Recipes from Epicurious

    • Organizational tools from Google Calendar

    •  Notepad

    • Entertainment from Pandora

    • Photos from Picasa Web Albums

  • Best Buy to buy back $5 billion of its shares

    Minneapolis -- Best Buy Co. said Tuesday that it will buy back $5 billion of its common stock and raise its quarterly dividend by 7%.

    The retailer said that the buyback replaces a $5.5 billion repurchase program that had about $800 million left as of May 28. The announcement came just ahead of its shareholders meeting in Richfield, Minn.

  • Target alum tries hand at improving JCP fortunes

    It was the biggest story in the retail world last week when JCPenney announced it had hired Ron Johnson as its new CEO with the incoming executive vowing to transform the way America shops by reinventing the department store. Such statements normally elicit a yawn because they are so common, but Johnson is the former SVP retail at Apple and spent the past 11 years overseeing the development and growth of the company’s wildly successful and widely heralded retail operation.

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