Mass Merchant

Fort Worth, Texas -- RadioShack Corp. on Tuesday said its fourth-quarter net income fell by 25%, which was toward the low end of the company's already reduced guidance.

The company reported net income of $57 million in the October to December period, down from $75.7 million a year ago.

Minneapolis -- Best Buy said in fiscal 2012 it will concentrate on growing its smaller-format mobile chain and restructure parts of its supply chain processes to cut costs and improve efficiency. The retailer plans to open about 150 Best Buy Mobile stand-alone-stores in the United States, for a total of some 325 locations by year-end.

Best Buy plans to open about six to eight Best Buy-branded large-format stores in the United States, along with 18 Best Buy stores in Canada, the United Kingdom and Mexico during the year.

Wake Forest, N.C. -- Jacksonville, Fla.-based Regency Centers announced the opening of the anchor tenant, Harris Teeter, for Harris Crossing located in Wake Forest, N.C. Harris Teeter will operate a 53,282-sq.-ft. store.  

Together with partner WelCor Development, Regency closed on the purchase of 15 acres of undeveloped land in 2008 in order to build the 65,150-sq.-ft. neighborhood center which includes 12,150 sq. ft. of small shop space and three outparcels.

Wayne, N.J. -- Fameco Real Estate, LP, said it has been named exclusive leasing agent for Plaza Square, located in Wayne, N.J.

Owned by Regency Centers, Plaza Square is a 103,842-sq.-ft. shopping center anchored by Shop Rite, and also tenanted by Bank of America and Wendy’s. 

Vienna, Va. -- Jacksonville, Fla.-based Regency Centers said it has named Jack deVilliers as leasing agent in Baltimore, Maryland and the New England area. 

deVilliers will be responsible for leasing 13 operating properties, totaling 1.8 million sq. ft., in Maryland, Washington, D.C., Connecticut and Massachusetts.

Previously, deVilliers served as a retail leasing associate for commercial real estate broker KLNB Retail, handling tenant and landlord representation of new retail development projects.

Minneapolis -- Best Buy is looking to reinvent its future and late Monday announced a series of moves designed to enhance the company’s growth prospects and profitability.

Fort Myers, Fla. -- Chico's FAS announced Tuesday that it has appointed Kent A. Kleeberger to the position of executive VP, COO. 

Kleeberger will replace Jeffrey A. Jones, who is retiring from the company effective March 7. Jones will serve as part-time consultant to the company during a transition period.

Kleeberger, 58, has served as executive VP-finance and CFO of Chico's FAS since joining the company in November 2007. Previously, he was senior VP and CFO for Dollar Tree Stores.

Providence, R.I. -- DijiPOP, a leading provider of on-demand digital shopper marketing technology solutions, announced that Walmart Canada has selected the company to power the digital shelf space monetization efforts of its rapidly growing Walmart.ca online property.

As a complement to Walmart Canada’s current advertiser program, DiJiPOP’s technology will integrate deeply with Walmart Canada’s existing proprietary vendor portal, allowing Walmart.ca vendors to reserve premium shelf space.

Bentonville, Ark. -- Wal-Mart Stores reported Tuesday that earnings for the quarter ended Jan. 31 jumped 27% as its international stores posted strong results. In the United States, however, the retailer posted its seventh straight quarterly sales decline, falling short of its own projections for the holiday period.

Mexico City -- Wal-Mart de Mexico SA reported Tuesday that profit for the fourth quarter increased 14%, citing newly acquired stores in Central America for the improved performance.

The Mexican unit of Wal-Mart Stores said that net income rose to $539 million in the fourth quarter, up from $474 million in the year-ago period.

Revenue rose 25% to $8.3 billion. 

Walmex recently acquired stores in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.