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.
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.
At the conclusion of the current fiscal year on December 31, RadioShack will align its fiscal year-end to a traditional 52-week retail calendar with the fiscal year ending on the Saturday closest to January 31st. RadioShack says this is the format used by the majority of retailers today.
RadioShack has pulled out all the stops for its new hometown location in Sundance Square in downtown Fort Worth, Texas, opening a retro-styled store that speaks to the heritage of the brand and locale.
Fort Worth, Texas-based Trademark Property Co. announced that TJX Cos. concepts T.J. Maxx and HomeGoods will open this fall at The Shops at La Palmera, a 200,000-sq.-ft. outdoor shopping center in Corpus Christi, Texas.
Cypress Equities said that Sleep Experts has signed a lease to occupy the remaining portion of the company’s development that currently houses Freebirds World Burrito at the northeast corner of West Seventh Street and Foch Street in Fort Worth, Texas.
Customer analytics firm Buxton announced it will officially launch the latest version of its real estate and analytics platform at the International Council of Shopping Centers RECon show in Las Vegas later this month.
How much is a brand worth? If the brand in question happens to be Walmart, the answer is an eye-popping $139 billion, according to Interbrand Design Forum’s ranking of the top 50 U.S. retail brands by brand value. The study calculates the financial net worth of retail brands based on three metrics: the brand’s financial performance, the role the brand plays in driving consumer selection, and the ability of the brand to secure the delivery of expected future earnings.