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Consumer Electronics

  • Foot Locker powers up mobile commerce sites

    New York City -- Foot Locker has unveiled upgraded mobile commerce sites for each of its athletic footwear retail banners -- Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, Champs Sports and CCS -- with added functionality and enhancements to provide customers with a seamless and optimal cross channel experience.

    In addition, the company is introducing mobile sites for its Lady Foot Locker, Kids Foot Locker, and Footaction retail divisions.

  • Pita Pit, Yolicious to open at Orchards Market Center, Phase II

    Vancouver, Wash. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to Pita Pit and Yolicous, which will open in a 2,032-sq.-ft. space this summer at Orchard Market Center, Phase II, located in Vancouver, Wash.

    The 178,000-sq.-ft. shopping center is anchored by Wholesale Sports and LA Fitness, alongside national retailers such as Jo-Ann, Office Depot, Petco and Starbucks.

  • The Foundry Big & Tall Supply Co., Dallas

    J.C. Penney has taken the wraps off its new retail concept, The Foundry Big & Tall Supply Co., opening the first location in Dallas. With the  first 10 stores due to open in the Dallas and Kansas City, Mo., markets by the end of May, J.C. Penney plans to expand concept nationwide to 100 stores by 2013, reaching a total of 300 stores over the next five years.

    Averaging 5,000-sq.-ft., The Foundry offers a hip, unpretentious environment with flat-screen TVs tuned to sports, an oversized poker table and comfortable seating.

  • J.C. Penney’s The Foundry Big & Tall opens in Dallas

    Plano, Texas -- The Foundry Big & Tall Supply Co., a new specialty retail concept for big and tall men from J.C. Penney, on Thursday made its retail debut in the Dallas area. Approximately 10 stores are expected to open in the Dallas and Kansas City, Mo., markets by the end of May. The company plans to expand the concept nationwide to 100 stores by 2013, reaching a total of 300 stores over the next five years.

  • RadioShack to sell $300 million in debt

    Dallas -- RadioShack Corp. said Monday that it plans to sell $300 million in debt that will come due in 2019.

    The retailer said it plans to use the proceeds from the sale of the senior notes for general corporate purposes, which may include stock buybacks.

  • Best Buy CEO’s pay package falls 51%

    New York City -- The CEO of Best Buy received a pay package worth about $5 million in the most recent fiscal year, half what he got the year before, according to a document the company filed Friday with the Securities and Exchange Commission, the Associated Press said.

    Brian Dunn, 50, received a base salary of $1 million and a performance-based bonus of $746,667, down 75% from his performance based bonus the year before. Dunn received option awards valued at $3.2 million when they were granted, down 48%.

  • RadioShack profit down 30% on costs

    Fort Worth, Texas -- RadioShack Corp.'s first-quarter earnings fell 30% amid higher costs and lower margins. The company also lowered the high end of its full-year earnings estimate.

    RadioShack reported net income of $35.1 million, down from $50.1 million a year earlier.

    Revenue for the three months ended March 31 rose 2% to $1.06 billion, boosted by 11%  growth in mobile devices.

  • Apple reports strong Q2 earnings

    Cupertino, Calif. -- Apple reported a record second-quarter net profit of  $5.99 billion, or $6.40 per diluted share, and revenue of $24.67 billion, thanks to strong sales in Macs, iPhones and iPads. These results compare with net quarterly profit of $3.07 billion, or $3.33 per diluted share, and revenue of $13.5 billion, in the year-ago quarter. International sales also helped boost profits, as they accounted for 59% of the quarter’s revenue, the company reported.

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