Content about Consumer electronics

May 15, 2013

RadioShack will start offering a tailored assortment of consumer electronics products in college stores operated by NACSCORP, a subsidiary of the National Association of College Stores, this fall.

Fort Worth, Texas – RadioShack will start offering a tailored assortment of consumer electronics products in college stores operated by NACSCORP, a subsidiary of the National Association of College Stores, this fall. A five-year agreement will establish branded RadioShack sections within college stores that offer both branded and private label electronics products and accessories.

Through this arrangement, RadioShack will have direct access to customers of roughly 4,000 college stores around the country.

 

April 30, 2013

Consumer electronics retailer Best Buy is leaving the European market.

Minneapolis -- Consumer electronics retailer Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group PLC for cash and stock worth about $775 million USD.

Best Buy Co. will also pay Carphone 29 million pounds (about $45 million) related to existing agreements that will be terminated when the deal closes. The U.S. retailer also said that it will incur an approximately $200 million asset impairment charge related to the stake sale.

February 8, 2013

Everybody loves a turnaround story. RadioShack is betting that the now-former president of daily living products and solutions for Walgreens, Joe Magnacca, will help author a turnaround story of its own for the small-box consumer electronics retailer.

Everybody loves a turnaround story. RadioShack is betting that the now-former president of daily living products and solutions for Walgreens, Joe Magnacca, will help author a turnaround story of its own for the small-box consumer electronics retailer.

January 14, 2013

RadioShack Corp. announced that it is ending its relationship with Target, where it helps operate Target Mobile in 1,500 Target stores, effective April 8.

Fort Worth, Texas -- RadioShack Corp. announced that it is ending its relationship with Target, where it helps operate Target Mobile in 1,500 Target stores, effective April 8.

The RadioShack and Target partnership provided RadioShack access to manage Target's post-paid mobility business. But RadioShack did not manage the prepaid mobility business or the wider range of accessories offered in Target stores.

April 16, 2012

While a Web presence is a prerequisite to doing business in the 21st century, the fact that 77% of consumers are now using tablet computers or smartphones to shop is forcing retailers to rethink their digital strategies, according to a survey from online price comparison engine PriceGrabber. Realizing this is not a decision to be taken lightly, retailers need to take steps to ensure that mobility can be an opportunity, and not a threat, to their business.

January 31, 2012

Apple Inc. has hired John Browett, CEO of Dixons Retail PLC, the United Kingdom’s largest consumer-electronics retailer, to lead its retail store division.

New York City -- Apple Inc. has hired John Browett, CEO of Dixons Retail PLC, the United Kingdom’s largest consumer-electronics retailer, to lead its retail store division. The appointment marks the end of a seven-month search to replace Ron Johnson, who left the world’s most valuable technology company last year to become CEO of J.C. Penney Co.

January 9, 2012

Sales of consumer electronics fell 5.9% this past holiday season, as smartphones cannibalize sales of standalone gadgets like cameras, camcorders and GPS navigation devices, according to the NPD Group.

Las Vegas -- Sales of consumer electronics fell 5.9% this past holiday season, as smartphones cannibalize sales of standalone gadgets like cameras, camcorders and GPS navigation devices, according to the NPD Group.

Electronics sales, including TVs and PCs, totaled $9.5 billion in the five weeks ending Dec. 24, NPD reported. Camcorder sales fell 43% and sales of digital picture frames were down 38%. GPS units decreased 33%. Television sales were down 4%, bolstered by sales of TVs bigger than 50 inches.

December 13, 2011

Customers returning electronics products will cost U.S. consumer electronics retailers and manufacturers nearly $17 billion this year, an increase of 21% since 2007, according to a new Accenture research report.

New York City -- Customers returning electronics products will cost U.S. consumer electronics retailers and manufacturers nearly $17 billion this year, an increase of 21% since 2007, according to a new Accenture research report. These costs include receiving, assessing, repairing, reboxing, restocking and reselling returned products.

October 26, 2011

RadioShack Corp. reported Tuesday that profit for the quarter ended Sept. 30 plummeted to $300,000, compared with earnings of $46 million in the year-ago period.

Fort Worth, Texas -- RadioShack Corp. reported Tuesday that profit for the quarter ended Sept. 30 plummeted to $300,000, compared with earnings of $46 million in the year-ago period. The retailer cited the transition from T-Mobile offerings to Verizon Wireless as a major reason for the performance decline, although that was offset somewhat by new mobile service and sales centers in Target stores. The company launched Verizon Wireless in more than 4,400 stores on Sept. 15, as well as ramped up its Target Mobile centers rollout in the same period.

September 21, 2011

RadioShack will begin selling Barnes & Noble’s Nook brand of electronic reading devices and accessories at its stores on Oct. 3.

New York City -- RadioShack will begin selling Barnes & Noble’s Nook brand of electronic reading devices and accessories at its stores on Oct. 3.

The basic Nook sells for $139, and the color version sells for $249.

 

April 13, 2011

RadioShack has improved its hiring decisions chainwide with the use of a behavioral assessment solution. The Web-based solution is designed not only to make the overall hiring process more efficient, but also to improve performance and reduce turnover by helping to identify the candidate who is the best fit for a given position and is thus more likely to perform better on the job. 


February 24, 2011

Dallas -- Talent software firm PeopleAnswers said Thursday that RadioShack Corp. will utilize the PeopleAnswers talent assessment software for all positions in nearly 5,800 company-operated stores and kiosks as well as corporate offices across the United States and Puerto Rico.

According to the company, RadioShack will use PeopleAnswers to prescreen, assess and hire job candidates for all positions including sales associates, store and district managers and corporate positions. With RadioShack attracting approximately one million job candidates per year, the web-based tool has the scale to evaluate candidates as needed, 24/7, integrate with job boards and track candidates’ progress through the application and hiring process, said PeopleAnswers.

“RadioShack is focused on strengthening our brand and growing our business. People make the difference in executing our growth strategy,” said Mary Ann Doran, senior VP human resources, RadioShack.

RadioShack has been using PeopleAnswers for approximately 18 months as a tool to help select and hire district managers nationwide. For the last year, the company has used PeopleAnswers to hire its store managers and sales associates.

Dallas -- Talent software firm PeopleAnswers said Thursday that RadioShack Corp. will utilize the PeopleAnswers talent assessment software for all positions in nearly 5,800 company-operated stores and kiosks as well as corporate offices across the United States and Puerto Rico.

February 23, 2011

RadioShack Corp. on Tuesday said its fourth-quarter net income fell by 25%, which was toward the low end of the company's already reduced guidance.

Fort Worth, Texas -- RadioShack Corp. on Tuesday said its fourth-quarter net income fell by 25%, which was toward the low end of the company's already reduced guidance.

The company reported net income of $57 million in the October to December period, down from $75.7 million a year ago.

January 24, 2011

RadioShack said Monday its chairman and CEO Julian Day is leaving and announced disappointing fourth-quarter guidance.

Fort Worth, Texas -- RadioShack said Monday its chairman and CEO Julian Day is leaving and announced disappointing fourth-quarter guidance. Day, 57, will retire as chairman, CEO and a director as of its annual shareholder meeting on May 16.

The company brought on former investment banker Day -- best known for pulling Kmart out of bankruptcy -- as chairman and CEO in 2006 to help turn around results.

January 11, 2011

RadioShack Corp. plans to almost double its presence in Target stores, where it operates wireless departments for the Minneapolis retailer, according to Minneapolis/St. Paul Business Journal.

New York City -- RadioShack Corp. plans to almost double its presence in Target stores, where it operates wireless departments for the Minneapolis retailer, according to Minneapolis/St. Paul Business Journal.

RadioShack ran mobile departments in 850 Targets at the end of 2010, the report said, with the number expected to increase to approximately 1,450 Target stores by June 30.

August 23, 2010

BigOutlet.com, a consumer electronics e-tailer, has announced the opening of its first retail store, in...

May 17, 2010

Best Buy announced Tuesday the availability of its new digital video service CinemaNow, which will...

November 2, 2009

Best Buy Co. said Tuesday that it will launch its own movie download service for...

October 25, 2009

RadioShack Corp. said Monday that its third-quarter profit slipped 24% as the company closed some...

October 19, 2009

Best Buy Co. announced Tuesday that its exclusive brand, Insignia, and Netflix have teamed to...

October 14, 2009

Blockbuster said Wednesday its library of digital entertainment is now available to consumers who use...

January 6, 2009

Best Buy is selling “refreshed” Apple iPhones at 350 Best Buy Mobile locations nationwide....

December 15, 2008

RadioShack Corp. announced Tuesday it bought out its partner in its Mexican joint venture, making...

June 9, 2008

RadioShack announced a partnership with the American Library Association (ALA) to provide education and information...

April 27, 2008

Consumers continued to spend money on consumer electronics with average U.S. household spending up 9.3%...