News

CITY OF INDUSTRY, Calif. — Intel, Samsung and Microsoft were among the six recipients recognized with a 2013 Eggie Award for Partners of the Year.

Presented by Newegg, a leading consumer electronics e-retailer, the Eggies are awarded to vendor partners and customers who have made outstanding contributions and supported Newegg’s growth efforts.

Levi’s latest New York City location, in SoHo, has a rustic feel, enhanced by the use of wood and other materials. Designed by MBH Architects, the 12,683-sq. ft. store features tent-like dressing rooms and lighting fixtures made of rope. The "fit bar" is a table made of natural wood logs.

FRISCO, Texas — National Envelope, a privately held envelopes manufacturer in North America, has appointed former Tyco executive Jim Pinto to president and COO.

An affiliate of global investment firm the Gores Group, National Envelope regards itself as an environmental leader in the paper and envelope converting industries and has certifications from the Forest Stewardship Council, Rainforest Alliance, Sustainable Forestry Initiative, Programme for the Endorsement of Forest Certification and Green Seal.

New York -- The 2012 holiday shopping season didn’t provide the sales and traffic lift anticipated by retailers, according to Experian FootFall. The company said the season got off to a blazing start as consumers responded to some of the earliest Black Friday sales and promotions, effectively extending the Black Friday shopping experience to a four-day event. Following this annual start to the season that accounted for billions of dollars in retail sales, the 2012 calendar shift began to impact consumer behavior.

ASHLAND CITY, Tenn. — Lowe’s is teaming up with American Water Heaters to offer homeowners the ability to remotely control their water heaters from their smart phones or tablets.

Iris is Lowe's exclusive smart home solution allows homeowners to monitor and control virtually everything in the home, including Energy Smart electric water heaters, which will feature Iris-compatible control modules. Homeowners can use the controls to set water temperatures and select operating modes, including the "Vacation" mode.

Strength in the computing, mobile phone and appliance categories enabled Best Buy to report flat same store sales during the holidays and temporarily silence the voice of those who had prematurely written the company’s obituary.

Minneapolis -- Best Buy Co. on Friday reported revenue of $12.8 billion for the nine weeks ended January 5, 2013, compared with $12.9 billion for the nine weeks ended December 31, 2011. Online revenue rose 10%.

Same-store sales were down 1.4%.  Domestic same-store sales were flat, but fell 6.4% internationally.

New York -- Posiflex is announcing two new retail and hospitality products in development -- an ultra-small-footprint Multi-Purpose PC Controller with WiFi and a Foldable Touch Screen Terminal Base, which reduces deployment costs and optimizes user viewing — at the National Retail Federation 2013 Big Show in New York.