Skip to main content

Retail

  • NPD: Holiday consumer electronic sales down 5.9%

    Las Vegas -- Sales of consumer electronics fell 5.9% this past holiday season, as smartphones cannibalize sales of standalone gadgets like cameras, camcorders and GPS navigation devices, according to the NPD Group.

    Electronics sales, including TVs and PCs, totaled $9.5 billion in the five weeks ending Dec. 24, NPD reported. Camcorder sales fell 43% and sales of digital picture frames were down 38%. GPS units decreased 33%. Television sales were down 4%, bolstered by sales of TVs bigger than 50 inches.

  • Best Buy posts disappointing December

    Minneapolis -- Best Buy Co. reported Friday that December sales were less than the company anticipated, as fewer-than-expected shoppers filled the retailer’s stores over the holiday selling month.

    Same-store sales fell 1.2% in December, an improvement from the 4% drop in the same period last year.  Total revenue was flat at $8.4 billion. Its online division shone, recording a 26% rise in revenue for the month.

    Despite the lackluster showing in December, Best Buy reaffirmed its annual guidance.

  • Claire's searches for new CEO

    CHICAGO — Claire's Stores has announced that Eugene Kahn , the company's CEO, has resigned. The company said its board of directors will conduct a search for a new CEO and will consider both internal and external candidates for this position. In the meantime, James Conroy , president of Claire's Stores, and Jay Friedman , president of Claire's North American Division, will form an interim office of the CEO, reporting to the board of directors. All of these management changes are effective immediately.

  • CEO of Claire’s Stores steps down

    Chicago -- Claire’s Stores announced that Eugene S. Kahn has resigned. Kahn has served in the position since the company went private in 2007 in a $3.1 billion takeover by private-equity firm Apollo Management LP.

    While the board will conduct a search for internal and external candidates, Claire's Stores President James G. Conroy and Jay Friedman, president of Claire's North American Division, will immediately form an interim office of the CEO.

  • A&P optimizes merchandising strategy

    CHICAGO — Galleria Retail Technology Solutions, a provider of retail and category optimization solutions, has announced that grocer A&P has chosen Galleria to help optimize its merchandising strategy and improve the customer experience within its more than 300 Northeast and Mid-Atlantic stores.

    A&P will roll out several of Galleria’s solutions throughout its family of supermarkets.

  • Trader Joe’s to open at Patriot Place

    Foxborough, Mass. -- Trader Joe's announced plans to open a new grocery store at Patriot Place, located in Foxborough, Mass., in 2012.

    The 16,000-sq.-ft. store will be Trader Joe’s 18th Massachusetts location, and the only within a 15-mile radius of Foxborough. Trader Joe’s has leased existing space in Patriot Place’s South Marketplace between Christmas Tree Shops and Staples.

  • Another new compliance challenge emerges in California

    Want to see what increased government regulation and its impact on business looks like? For a review of a new supply chain law in place in California and the reporting requirement it will impose on retailers, click here

     

  • Scott & Goble Architects renamed SGA Design Group

    Tulsa, Okla. -- Scott & Goble Architects said Friday that it has been renamed SGA Design Group, effective immediately.

    The firm operates offices in Bentonville, Ark., Berkley, Calif., and Los Angeles, in addition to its Tulsa headquarters.

    Clients include Walmart, Kohl’s, Lowe’s, Sports Authority and Hobby Lobby.
     

X
This ad will auto-close in 10 seconds