Consumer Electronics

Las Vegas -- Miracle Mile Shops at Planet Hollywood Resort & Casino said it has added over 50,000 sq. ft. of new and remodeled tenants to the center throughout 2011.

Multiple new merchants totaling 17,300 sq. ft. are set to open at Miracle Mile Shops, including Guess (June), Pandora (May) and Chinese Laundry (April). Additionally, nine merchants totaling 34,422 sq. ft. such as Victoria’s Secret, Lucky Brand Jeans and Bebe are remodeling existing locations.

Hoffman Estates, Ill. -- Sears Holdings Corp. said Friday that it increased the borrowing amount on its domestic revolving credit facility to $3.275 billion from $2.441 billion.

According to a report by the Associated Press, the maturity date is also extended from June 12, 2012 out to April 7, 2016. The facility also has a lower interest rates and the fee the lender charges Sears for holding available credit was reduced.

Grapevine, Texas -- GameStop Corp. has selected Adgregate Markets, a leader in secure social commerce solutions, to provide social shopping on its Facebook page through Adgregate’s proprietary ShopFans solution.

GameStop is the first multichannel gaming company to launch a storefront on Facebook and provide true social commerce to more than 1.8 million Facebook fans.

ISSAQUAH, Wash. and WESTBOROUGH, Mass. -- The shifting of Easter to April this year impacted the warehouse club sector last month, as both Costco and BJ’s reported March comps that were negatively impacted by the calendar change. Without the benefit of Easter sales, both companies still managed to turn out respectable comps.

New York City -- Shoppers surprised analysts in March by spending stronger than expected during the month, despite rising gas prices, cooler-than-normal temperatures and a late Easter. The Thomson Reuters Same-Store Sales Index rose 1.7% in March, beating estimates, which called for a decrease of 0.7%.

Former retail industry executive Austin Ligon was named to the newly created position of non-executive chairman of the board at Gazelle where he will play a more active role in development of the company’s consumer electronics re-commerce business.

Flushing, N.Y. -- Onex Real Estate Partners said that Payless ShoeSource has opened a new store at Sky View Center, the 800,000-sq.-ft shopping center located below Sky View Parc, Queens’ new mixed-used residential development.

The new 4,200-sq.-ft. Payless location, on level D of the Center, officially opens on April 9.

PURCHASE, N.Y. -- Most retail segments showed solid year-over-year retail growth in March, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales.

Electronics sales and department stores showed modest gains while luxury and e-commerce recorded strong growth. Some segments of the restaurant sector also showed strength in March.