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San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Anaheim, Calif. — ProSource, a unit of BrandSource and Home Entertainment Source (HES), has added IC Realtime, supplier of security cameras, IP cameras, DVR, and CCTV equipment for business and home surveillance, as a vendor.
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Redmond, Wash. – Microsoft will open six more showrooms this summer, raising the U.S. store count to 41 locations nationwide.
The new stores will be located in the Natick Mall in Natick, Mass.; the Ala Moana Center in Honolulu, Hawaii; Pioneer Place in Portland, Ore.; The Somerset Collection in Troy, Mich.; and Woodfield Mall in Schaumburg, Ill.
Minneapolis — Best Buy is offering a $50 incentive to drum up new mobile business.
Beginning today, the chain will give customers a $50 Best Buy gift card when they buy and activate a new, qualified cellphone on a two-year Verizon, AT&T, Sprint or T-Mobile postpaid plan.
Activations for Verizon, AT&T and Sprint phones can be made in Best Buy’s flagship and Mobile specialty stores, and online for all four carriers.
Indianapolis — hhgregg said it will expand its furniture assortment, further develop the fitness category, and increase its majap market share in lieu of dwindling TV demand.
In a conference call to discuss the company’s soft third-quarter results and its game plan for the future, president/CEO Dennis May said that aside from cyclical blips following the introduction of new technology, the prospects for TV growth are slim.
Stamford, Conn. – GE Capital Retail Bank signed a multi-year extension of its relationship with P.C. Richard & Son to provide a consumer credit card program.
Indianapolis – Weak TV sales and higher costs for store openings and home delivery took a bite out of hhgregg’s holiday quarter results.
Net earnings declined 22.6 percent to $17.4 million for the three months, ended Dec. 31, while net sales decreased 3.6 percent to $799.6 million and same-store sales fell 9.7 percent year over year.
The multi-regional CE, majap and furniture chain said same-store sales were primarily impacted by a 24.6 percent decline in video category comp sales, reflecting a double-digit decrease in unit volume.
Washington – More than 7.5 million households that plan to watch the Super Bowl are in the market for a new TV, an increase of 39 percent over last year, a new survey shows.
What’s more, chances are their new flat-panel purchase will be a 55-inch Samsung LED, a separate study of online and mobile searches suggests.
Washington — Annual retail sales are expected to grow 3.4 percent this year, according to an economic forecast from the National Retail Federation (NRF).
The increase is 19 percent below 2012, when retail sales rose an estimated 4.2 percent, the trade association said.
In contrast, online sales are projected to increase between 9 percent and 12 percent this year.
The NRF attributed its tempered New Year outlook to fiscal concerns and economic uncertainty.
Columbus, Ohio — Micro Center is giving away an 84-inch LG Ultra High-Definition TV to herald the arrival of the 4K models at the multiregional chain.
As part of its national “Big, Bigger, Biggest Ever LG HDTV Sweepstakes,” the 23-store IT and A/V specialist will award one LG 84LM9600 Ultra HD 3D smart TV, valued at $17,000. The chain is also giving away more than $30,000 worth of prizes, including 32-inch LG HDTVs, LG home theaters and Micro Center gift cards, as a lead up to the grand prize.
London – Best Buy, which reported flat U.S. holiday sales, had better luck in Europe over Christmas.
Best Buy Europe, the retailer’s 50-50 joint venture with Britain’s Carphone Warehouse (CPW), showed a 14.5 percent hike in net revenue, to 1.1 million pounds, and a same-store sales increase of 7.8 percent for the fiscal third quarter, ended Dec. 31.
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