Heading into the 2013 holiday season, NPD is forecasting that full year consumer electronics sales will rise by 9%. According to NPD’s 2013 Household Penetration Study, nearly 72% of consumers expect to buy a consumer electronics product in the next 12 months.
RadioShack has unveiled a new “low touch” concept store format at the Manhattan Mall in New York and at Plaza Las Americas in Hato Rey, Puerto Rico, and plans to open another in downtown Fort Worth in October.
Reports from Canada have Best Buy dabbling in e-commerce sales of beauty products. Best Buy Canada is now offering a selection of personal care, baby and health and wellness products on its “Viva from Best Buy” website, accessible through BestBuy.ca’s homepage.
HH Gregg saw a significant improvement in its financial results for the three-month period ended June 30. Despite a net loss of $1.3 million, or $0.04 per diluted share, the specialty retailer narrowed the gap from a net loss of $5.7 million, or $0.16 per diluted share, for the comparable prior-year period.
As Amazon prepares one of its distribution warehouses for a visit from President Barack Obama, and the economy continues on its path toward recovery, the Internet retailer has announced plans to create more than 5,000 new full-time jobs in its U.S. fulfillment network to meet growing customer demand.