FINANCE

Coinstar completes $100 million deal for NCR’s DVD kiosks

BY Katherine Boccaccio

Bellevue, Wash. — Coinstar Inc. said Monday it has completed its $100 million acquisition of DVD rental kiosks and other assets from rival NCR Corp.

Under the terms of the deal, Coinstar will buy products and services from NCR. According to Coinstar, the addition of the kiosks will allow its Redbox DVD rental kiosks to expand to new retail partners.

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STORE SPACES

Best Buy launches Best Buy Mobile in Five Star stores in China

BY Katherine Boccaccio

Minneapolis — Best Buy announced Tuesday it is expanding the Best Buy Mobile brand and store-within-a-store concept into 14 Five Star stores throughout Nanjing, China, this summer.

The expansion of Best Buy Mobile into the Chinese market is the first evolution of Global Connect, a partnership that was formed in November 2011 between Best Buy and Carphone Warehouse.

"The launch of Best Buy Mobile in China is a true global effort,” said Shari Ballard, president, international for Best Buy. The launch follows a similar model that led to the development of Best Buy Mobile in the United States in 2006. Just as Carphone Warehouse did with Best Buy five years ago, the Global Connect team is working closely with its Five Star partners to develop a mobile sales strategy that is designed for the Chinese market, said the company.

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OPERATIONS

David’s Bridal and RCS team on lease renewals

BY Katherine Boccaccio

New York — New York City-based RCS Real Estate Advisors said Tuesday it has been retained by bridal retailer David’s Bridal to facilitate lease renewals on behalf of the retailer.

RCS said it has expanded its previous engagement with David’s Bridal to provide lease renewal services for over one-third of the retailer’s more than 300 U.S. David’s Bridal store locations.

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