Content about Electronic engineering

September 16, 2014

Subway announced that it will launch NFC-based mobile payments nationwide on Oct. 1 with Softcard, the mobile commerce joint venture created by AT&T Mobility, T-Mobile USA, Inc. and Verizon Wireless.

Milford, Conn. -- Subway announced that it will launch NFC-based mobile payments nationwide on Oct. 1 with Softcard, the mobile commerce joint venture created by AT&T Mobility, T-Mobile USA, Inc. and Verizon Wireless. It is one of the largest deployments of mobile payment capability in the country, Subway said.

September 15, 2014

John Feray, who had served as CFO of RadioShack for less than a year, has resigned from the company, citing personal reasons.

Fort Worth, Texas – John Feray, who had served as CFO of RadioShack for less than a year, has resigned from the company, citing personal reasons. Holly F. Etlin, managing director of AlixPartners and longtime RadioShack advisor, has been named interim CFO of the struggling retailer. She previously served as RadioShack's interim CFO from July 2013 to February 2014.

September 11, 2014

Near Field Communication (NFC) POS payment terminals from Pax Technology Inc. now support Apple Pay. Pax has a portfolio of products including countertop, mobile and multi-lane NFC-equipped terminals tested to work with Apple Pay.

Jacksonville, Fla. — Near Field Communication (NFC) POS payment terminals from Pax Technology Inc. now support Apple Pay. Pax has a portfolio of products including countertop, mobile and multi-lane NFC-equipped terminals tested to work with Apple Pay.

September 11, 2014

RadioShack Corp. on Thursday posted a net loss of $137.2 million in its second quarter, more than double the $52.2 million loss reported in the year-ago period.

Fort Worth, Texas – RadioShack Corp. on Thursday posted a net loss of $137.2 million in its second quarter, more than double the $52.2 million loss reported in the year-ago period.  It was the troubled retailer’s 10th straight quarterly loss. RadioShack warned in a regulatory filing it may seek bankruptcy protection, with a possible sale or third-party investment as other potential avenues to remedy its ongoing financial woes.

August 21, 2014

Phillips Edison/ARC Grovery Center REIT II, announced the acquisition of two grocery-anchored shopping centers, Lake Washington Crossing and MetroWest Village.

Cincinnati -- Phillips Edison/ARC Grovery Center REIT II, announced the acquisition of two grocery-anchored shopping centers, Lake Washington Crossing and MetroWest Village. These acquisitions expand the company's portfolio to include the state of Florida.

Lake Washington Crossing is a Publix grocery store-anchored shopping center located in Melbourne, Florida, approximately 35 miles east of Orlando. Other national and regional tenants featured at the 118,698 sq.-ft. shopping center include Sally Beauty, Pizza Hut, KFC and H&R Block.

August 5, 2014

RadioShack is opening 23 new interactive remodel stores in the Washington, D.C., metro area.

Fort Worth, Texas -- RadioShack is opening 23 new interactive remodel stores in the Washington, D.C., metro area. RadioShack began remodeling and opening highly experiential concept stores across the country in July 2013, and has refreshed its more than 4,000 U.S. company-owned stores.

Locally remodeled stores feature RadioShack's new Fix It Here service, a mobile device repair program that typically delivers same-day repair for mobile devices. Technicians will diagnose and repair the device at an in-store kiosk, often in as little as an hour.

July 31, 2014

A report by Bloomberg said that investor BlueCrest Capital Management is urging RadioShack to repay the lenders that are blocking plans to shutter stores.

New York -- A report by Bloomberg said that investor BlueCrest Capital Management is urging RadioShack to repay the lenders that are blocking plans to shutter stores.

The electronics retailer announced last March that it would close 1,100 stores; it later reduced the number of closures to 200 per year for three years after negotiations with lenders failed.

BlueCrest said it supported the company's decision to shut stores to stem losses and was willing to provide financing, Bloomberg said.
 

 

July 30, 2014

RadioShack is opening 21 new interactive remodel stores in the San Francisco Bay Area.

Fort Worth, Texas -- RadioShack is opening 21 new interactive remodel stores in the San Francisco Bay Area. RadioShack began remodeling and opening highly experiential concept stores across the country in July 2013, and has refreshed its more than 4,000 U.S. company-owned stores.

July 29, 2014

Financial woes continue for RadioShack, which was recently notified it is in danger of being delisted by the New York Stock Exchange.

Fort Worth, Texas – Financial woes continue for RadioShack, which was recently notified it is in danger of being delisted by the New York Stock Exchange. According to a new report from Moody’s Investor Service, RadioShack is likely to run out cash by the end of October 2015.

July 24, 2014

American Apparel Inc. announced four new directors to its board, including the company’s first-ever female board member, Colleen Brown, a former CEO of Fisher Communications, and former Walgreens executive Joseph Magnacca, who took the reins as CEO of RadioShack last year.

New York -- American Apparel Inc. announced  four new directors to its board, including the company’s first-ever female board member, Colleen Brown, a former CEO of Fisher Communications, and former Walgreens executive Joseph Magnacca, who took the reins as CEO of RadioShack last year.  

The other new directors are  David Glazek, a partner with hedge fund Standard General, which holds a nearly 44% stake in American Apparel, and Thomas J. Sullivan, a director of Media General.

June 24, 2014

Following the dismissal of former president and CEO Arthur T. Demoulas, the board of directors of Demoulas Super Markets Inc. has elected retail executives Felicia Thornton as COO and Jim Gooch as chief administrative officer, and the two will serve as co-CEOs.

Tewksbury, Mass. – Following the dismissal of former president and CEO Arthur T. Demoulas, the board of directors of Demoulas Super Markets Inc. has elected retail executives Felicia Thornton as COO and Jim Gooch as chief administrative officer, and the two will serve as co-CEOs. Both Thornton and Gooch had recently been serving as consultants to the company.

June 18, 2014

Branding agency CBX has named Anthony Simon as group director of branded environments.

New York -- Branding agency CBX has named Anthony Simon as group director of branded environments. Simon, most recently design director at New York’s TPG Architecture, has 20 years of experience in retail and restaurant design.

“Anthony brings a diverse perspective to CBX,”  said Joseph Bona, CBX’s president of branded environments. “He has an impressive background and has worked with a broad spectrum of specialty retail and restaurant clients.”

June 10, 2014

RadioShack Corp. reported a widening net loss in the first quarter of its fiscal year 2015. The troubled retailer also confirmed plans to close up to 200 stores by the end of the year, based on location, area demographics, lease life and financial performance.

Fort Worth, Texas — RadioShack Corp. reported a widening net loss in the first quarter of its fiscal year 2015. The troubled retailer also confirmed plans to close up to 200 stores, based on location, area demographics, lease life and financial performance.

The retailer reported a net loss of $98.3 million, up from $28 million in the same quarter the prior fiscal year.

June 5, 2014

Barnes & Noble Inc. is teaming up with Samsung Electronics America to develop a new Nook tablet.

New York -- Barnes & Noble Inc. is teaming up with Samsung Electronics America to develop a new Nook tablet. The co-branded devices will combine the Nook software with Samsung’s Galaxy Tab 4 hardware, creating full-service tablets that also can access Barnes & Noble’s collection of more than 3 million books, magazines and newspapers, according to a statement.   

June 5, 2014

RadioShack is partnering with hardware manufacturer and accelerator PCH International to create RadioShack Labs, a collaboration to help inventors and start-ups bring their products direct to the market — and hopefully boost store traffic.

Fort Worth, Texas -- RadioShack is partnering with hardware manufacturer and accelerator PCH International to create RadioShack Labs, a collaboration to help inventors and start-ups bring their products direct to the market — and hopefully boost store traffic. As part of the agreement, the retailer will open dedicated areas in RadioShack stores that feature new and innovative products from startups. The shops will utilize a direct-to-store model for select products, reducing inventory requirements and increasing inventory turn in the stores.  

June 3, 2014

EarthLink Holdings Corp., a managed network and cloud services provider, announced that Anna’s Linens have selected the company to provide a comprehensive managed network solution and SIP Trunking for voice over IP for its more than three hundred stores and 3,200 employees.

Atlanta -- EarthLink Holdings Corp., a managed network and cloud services provider, announced that Anna’s Linens have selected the company to provide a comprehensive managed network solution and SIP Trunking for voice over IP for its more than three hundred stores and 3,200 employees.

To accommodate their rapid growth, increasingly centralized IT model, and need to run more applications, Anna's IT leaders worked in collaboration with EarthLink partner Grauman Communications to transition to an EarthLink MPLS network and SIP Trunking.

May 29, 2014

Verizon Enterprise Solutions has recently introduced a location-based service that will allow retail organizations to offer real-time benefits to their customers, such as proximity-based specials and fraud detection.

New York – Verizon Enterprise Solutions has recently introduced a location-based service that will allow retail organizations to offer real-time benefits to their customers, such as proximity-based specials and fraud detection. Verizon Location Data Services, powered by Locaid, is available now to enterprise retail clients in the U.S.

May 9, 2014

RadioShack Corp. is scaling back its plans to close 1,100 stores. In a regulatory filing with the Securities and Exchange Commission (SEC), the retailer said its lenders are offering unacceptable terms for RadioShack to proceed with that many store closures.

Fort Worth, Texas – RadioShack Corp. is scaling back its plans to close 1,100 stores. In a regulatory filing with the Securities and Exchange Commission (SEC), the retailer said its lenders are offering unacceptable terms for RadioShack to proceed with that many store closures. However, the company will still shutter a number of locations as part of its turnaround plan.
 

May 2, 2014

Verizon Wireless has embarked on an ambitious initiative to transform the customer experience across its portfolio of 1,700 company-owned stores. The new strategy emphasizes lifestyle over product and promotes in-store engagement and interactivity.

“We are transforming the focus of our stores from selling devices to enabling customers to discover all that wireless technology can do for their mobile lifestyles,” said Domenico D’Ambrosio, executive director, national retail operations, Verizon Wireless.

May 2, 2014

The dominance of the mobile channel is illustrated in a new survey from the Consumer Electronics Association (CEA), which reveals that two-thirds (64%) of U.S. households now own smartphones, surpassing ownership of basic cell phones 51%) for the first time, according to a new study.

Arlington, Va. -- The dominance of the mobile channel is illustrated in a new survey from the Consumer Electronics Association (CEA), which reveals that two-thirds (64%) of U.S. households now own smartphones, surpassing ownership of basic cell phones 51%) for the first time, according to a new study.

May 1, 2014

Best Buy is updating its home theater departments with in-store Sony shops.

San Diego -- Best Buy is updating its home theater departments with in-store Sony shops. Beginning in May, Sony Electronics will start opening “Sony Experience at Best Buy” shops at approximately 350 Best Buy locations nationwide.

May 1, 2014

Verizon Wireless has set itself an ambitious goal: to transform the in-store experience across its entire fleet of 1,700 company-owned stores.

In November, the company unveiled its “destination store” format, in Mall of America, Bloomington, Minn. More than about selling phones and other devices, the 9,000-sq.-ft. store is designed to help customers experience a more robust mobile life.

April 30, 2014

Hhgregg Inc. has hired Troy H. Risch as COO.

Indianapolis – Hhgregg Inc. has hired Troy H. Risch as COO. Risch joins Hhgregg from RadioShack, where he served as executive VP of store operations.

Prior to this, Risch held a variety of operational leadership positions with Target Corp., including executive VP of stores. Risch will assume the COO position on May 5, 2014.

April 22, 2014

Troy Risch, executive VP of store operations at RadioShack Corp., has resigned to pursue other unspecified interests.

Fort Worth, Texas – Troy Risch, executive VP of store operations at RadioShack Corp., has resigned to pursue other unspecified interests. The resignation is effective April 18, and his duties will be temporarily taken over by other executives.

Risch joined the company in December 2012. RadioShack is currently in the process of closing 1,000 stores. He previously spent 19 years at Target Corp. No timetable has been given to hire a permanent replacement.

 

April 10, 2014

RadioShack opens its latest custom concept store, located in Boston, April 10.

Fort Worth, Texas – RadioShack opens its latest custom concept store, located in Boston, April 10. Situated in the Downtown Crossing neighborhood, the newly remodeled store features a custom contemporary nautical design, paying homage to the city's maritime heritage with sailing rope accents, weathered wood and a ship's bow centerpiece.