news
Sears’ Q1 Sales Tumble 20%
Sears Holdings said fiscal first-quarter revenue fell 20 percent in a vicious cycle of store closings and sales declines. The closings, which number 347...
Retail
news
Best Buy’s U.S. Sales Edge Up 1.1% In Q1
Updated!Best Buy said strength in gaming and mobile helped drive a 1.1 percent increase in fiscal first-quarter revenue in the U.S. Sales here hit...
news
hhgregg’s Assets Up For Grabs
hhgregg may be about to close the last of its stores, but that won’t be the last you’ll hear of it if Hilco Streambank...
news
Walmart’s Tech Departments, Before And After
Last June we provided a sneak peek at Walmart’s latest electronics department reset, courtesy of our friends at Field Agent. Now, as the world’s...
news
Sears’ Eddie Lampert Says Media Is Hindering Turnaround
Sears Holdings chairman, CEO and chief investor Eddie Lampert told the Chicago Tribune that undue press reports of a possible bankruptcy are diverting attention...
news
Sprint Opening Pop-Up Stores In South Florida
No. 4 wireless carrier Sprint is looking to bring its expanded LTE service to a wider customer base in South Florida by opening temporary...
news
Best Buy Brings In Vivint For Smart-Home Services
Best Buy has partnered up with smart-home systems provider Vivint to up its stake in the connected space. Beginning this summer, Best Buy customers...
news
The Mall’s Not Dead, It’s Digital
The promise of e-commerce, born in no small part from the massive proliferation of data available in the digital arena, continues to pay dividends...
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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....
news
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...
news
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....
news
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...
news
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...
news
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...
news
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. ...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...
news
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...