Financial
Amazon Earnings Up 41% In Q1
Amazon reported its profits grew 41 percent for the first quarter, in no small part thanks to the global expansion of its retail and...
Retail
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Apple Embraces ‘Town Square’ Store Model To Lure Consumers
Apple is joining the host of retailers seeking to lure consumers, and keep them there, by offering stepped-up educational sessions. In a similar vein...
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Amazon Prime Membership Swells To 80 Million: CIRP
While growth of Amazon Prime membership is slowing due to saturation, the e-tailer is winning the loyalty battle as consumers continue to maintain or...
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Sears’ Asset Sales Put It Back In Black; Gets Third CFO In A Year
Following a long string of quarterly losses, Sears Holdings expects to report a profit for its fiscal first quarter. In an update of its...
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Retail Is Dead, Long Live Retail
Sometimes it really is hard to see the forest for the trees. As students of CE retail, it’s all too easy to get caught...
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Cowboy Maloney’s Lassos Larger Digs
Echoing Roy Rogers’ country western classic, Cowboy Maloney’s told its Columbus, Miss., landlord last year, “Don’t fence me in.” And with that the 13-store...
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hhgregg Gives Notice To HQ Staff As RadioShack Winds Through Bankruptcy Court
It’s still hard to believe that hhgregg is going away. But if we need any further proof beyond the liquidation sales, there’s the company’s...
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Starpower’s ‘Living Showroom’ A Dream For Luxury Clientele
Starpower Home Entertainment Systems, Dallas’ luxury A/V, custom-install, major appliance, flooring and home furnishings chain, is quite aptly named. Its newest concept store, which...
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hhgregg To Begin Liquidating
Unable to find a buyer by today’s deadline, hhgregg will begin liquidating its assets this weekend and expects to shut its doors for good...
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GameStop Continues ThinkGeek Buildout While Closing Flagship Stores
GameStop apparently hit pay dirt with its 2015 acquisition of ThinkGeek, the go-to place for sci-fi-, anime- and comic-book-themed collectibles and clothing. Amid slowing...
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hhgregg’s Chief Retail Officer Sam Johnson Resigns
Updated! hhgregg’s chief retail officer Sam Johnson has left the company. He becomes the first senior officer to exit the beleaguered chain since it filed for...
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Conn’s Cites Steady Progress In Credit Biz Turnaround
Conn’s said its year-long focus on creating a “strong credit platform” for its in-house lending unit is beginning to show results. The effort, which toppled...
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hhgregg Prepares To Liquidate
hhgregg has lined up liquidators Tiger Capital and Great American to begin going-out-of-business sales if it is unable to find a buyer by Friday....
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Target Overhauling Store Design
Target will spend billions of dollars over the next three years to remodel nearly a third of its store base. The effort, announced this...
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Sears Comes To Terms With Its Own Mortality
Updated! Public companies are required by law to list in their quarterly filings all the things that can conceivably go wrong with their businesses....
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Starpower Takes Flight In Southlake, Texas
Starpower Home Entertainment Systems, Dallas’ premium A/V, custom-install and home appliance chain, formally opened its newest concept store last week in the suburb of...
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hhgregg Bankruptcy Buyout Falls Through
Updated! In another setback for hhgregg, the anonymous bidder that had agreed in principal to buy the beleaguered retailer out of bankruptcy has backed...
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Samsung QLED Gets Strong Start At Retail Premiere Event
Samsung’s new QLED TVs and its latest Ultra HD Blu-ray player hit retail shelves this week, starting with a world premiere event at Los...
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Sony Summons Nostalgia In Latest Showplace Exhibit
Sony has opened its newest interactive exhibit at Sony Square NYC, and it’s meant to appeal to both futurists and nostalgia lovers alike. ...
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Samsung QLEDs Hit Retail; Launch Event Set At VAC
Two months after their CES debut, Samsung Electronics’ full suite of QLED TVs and A/V add-ons are hitting retail sales floors nationwide. And keeping...
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JCPenney Testing Smart-Home Services With Samsung
JCPenney has forged a smart-home services partnership with Samsung. The pilot pact is part of a broader effort by Penney to develop a menu...
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Hot Products
Breville BOV800CRNXL Smart Oven An 1,800-watt convection toaster oven with Breville’s Element IQ technology determines the most efficient way of cooking based on each...
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Webrooming Is The Road Most Traveled
Most consumers are researching products before stepping foot in a brick-and-mortar store, the Consumer Technology Association (CTA) found in its latest report, but the...
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Sears Slammed By Holiday Declines In Appliances And Tech
Sears Holdings said disciplined cost management and inventory control helped it offset a poor holiday season to deliver diminished fourth-quarter losses. Adjusted EBITDA (earnings...
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Expect M-Commerce To Dominate This Year
Mobile commerce will dominate e-commerce for the first time this year, according to a study from eMarketer, with most e-comm purchases coming from a...
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RadioShack Files For Bankruptcy, Again
Updated!General Wireless Operations (GWO), the company that runs RadioShack’s remaining 1,500 stores, has filed for Chapter 11 protection, plunging the iconic CE retail chain...
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Best Buy Builds In-Store Alienware Experiences
Best Buy is teaming with gaming manufacturer Alienware for a new branded vendor shop in 50 of the retailer’s brick-and-mortar locations. The dedicated areas...
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M-Commerce Will Dominate E-Comm This Year: eMarketer
Mobile commerce will dominate e-commerce for the first time this year, according to a study from eMarketer, with most e-comm purchases coming from a...
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hhgregg Files Chapter 11
hhgregg is filing for Chapter 11 protection today with plans to restructure. The petitions were filed in the U.S. Bankruptcy Court for the Southern...
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STORIS Named Best Place To Work By NJBIZ
STORIS, a provider of retail software solutions and services, was recently named by NJBIZ as a Best Place to Work in New Jersey for...
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RadioShack May Be Down For The Count
This could be the last call for RadioShack. General Wireless Operations, the company that runs the approximately 1,500 remaining RadioShack stores, is reportedly about...
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hhgregg Closing 40% Of Its Stores
March 7 Update: hhgregg is filing Chapter 11. hhgregg is closing 88 of its 220 stores and exiting four major markets in a retrenchment...
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Target Announces 3-Year Plan In Wake Of Disappointing Q4
Target will open 30 smaller-format stores this year as part of a $7 billion, three-year capital investment plan. The chain announced the ambitions after...
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NYSE Suspends Trading Of hhgregg Stock
The New York Stock Exchange (NYSE) has halted trading of hhgregg shares, pending the release of “material news.” The troubled retailer is reportedly preparing...
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JCPenney Bringing Appliances To 100 More Stores
JCPenney has seen the future of its home business and it is major appliances. One year after reentering the category, the retailer is expanding...
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What Makes Amazon Prime Shoppers Tick
Amazon has invested mightily in its $99/year Prime membership program and a new study by market research firm Field Agent helps explain why. The...
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hhgregg May File For Bankruptcy Next Month: Report
hhgregg is reportedly preparing to file for bankruptcy. Unnamed sources familiar with the matter told the local Indianapolis Business Journal that the Chapter 11...
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Webrooming Is Most Likely Path To Purchase: CTA
Most consumers are researching products before stepping foot in a brick-and-mortar store, the Consumer Technology Association (CTA) found in its latest report, but the...
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Exclusive: Sears Licenses Kenmore Brand To Permasteel For Gas Grill Line
Sears Holdings has taken another step toward monetizing its portfolio of famed house brands. The retailer has forged a deal with Permasteel, a Pomona,...
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Retail CEOs Resist Import Tax At Sit-Down With President Trump
CEOs from eight national chains, including Best Buy’s Hubert Joly, Target’s Brian Cornell and JCPenney’s Marv Ellison, met with President Trump yesterday to discuss...
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hhgregg In Play
hhgregg may be heading toward a restructuring or sale. According to an 8-K filing with the Securities & Exchange Commission (SEC), the struggling appliance...
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Will Walmart Win Over Amazon Customers With Free Two-Day Shipping?
You may recall Walmart’s recent online offer of free two-day shipping. The program, called simply “2-Day Shipping,” applies to more than 2 million popular...