RadioShack expands DIY product assortment
Fort Worth, Texas — RadioShack is partnering with Maker Media to offer a line of exclusive DIY electronics products such as robotics, kits and tools. The cobranded product line, which includes items such as moldable plastic and youth robotic and remote control hobby kits, will be available in the fall.
"DIY is part of RadioShack’s DNA," said Dawn Callahan, VP of merchandising, RadioShack. "We’re grateful to be part of a wonderfully loyal community of makers, and we listened when they told us how we can help bring their ideas to life."
Ethnic consumers represent strong potential
New York – Ethnic consumers represent strong potential for retailers, according to new data released by the Nielsen Company. For example, the 43 million African-Americans in the U.S. (about 14% of the population) buy more hand and body lotion products than the average consumer.
And the nation’s 52 million Latinos (close to 20% of the population) are the fastest-growing segment of the U.S. population and will have $1.5 trillion in purchasing power by 2015. These groups are also much younger than the general U.S. population (54% of African-Americans and 75% of Latinos are under the age of 35).
Blue Nile appoints board member
Seattle — Online jewelry retailer Blue Nile has appointed Mindy Meads to its board of directors. Meads previously served as co-CEO of Aeropostale and president and CEO of Victoria’s Secret, among other executive posts in a 35-year apparel retail career. She also serves on the board of Wet Seal.
“We are very excited Mindy is joining our board of directors," said Harvey Kanter, Blue Nile president and CEO. "Mindy has played a key role in the success of some of the world’s most well-known retail brands, and her proven leadership and experience will be instrumental as we continue to build our global brand.”