REAL ESTATE

RadioShack opens Greenwich Village concept store

BY Dan Berthiaume

Fort Worth, Texas — RadioShack has opened another of its new concept stores, in Manhattan’s Greenwich Village neighborhood. It is Radio Shack’s fourth new format location in Manhattan.

The format feature an upgraded shopping experience, which showcases the company’s new look, and incorporates interactive areas designed to help shoppers improve their technology profile.

Some features include:

  • A speaker wall where customers can shop and compare 13 different speakers using music installed on in-store tablets;
  • Interactive displays that enable shoppers to find and compare products, including headphone demo stations where they can listen to leading brands, a remote control (RC) toy exploration center, and a GoPro camera display demonstrating the capabilities of several models of GoPro cameras;
  • Technology that makes shopping interesting and playful, like touch-screens and apps that help shoppers understand the benefits of products;
  • Newly configured displays highlighting in-demand brands like Apple, HTC and Samsung, as well as mobile carriers such as AT&T, Sprint and Verizon; and
  • A Do-It-Yourself area where consumers can plan projects.

RadioShack is opening a select number of these experiential stores in neighborhoods throughout the nation. This Manhattan location is one of more than a dozen concept stores to open since the company began converting to such stores. By the end of 2013, RadioShack will have more than 100 concept and brand statement stores open and will have made improvements to nearly all 4,300 stores throughout the nation.

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REAL ESTATE

Conn’s opens HomePlus stores in Arizona, Texas

BY Dan Berthiaume

The Woodlands, Texas — Conn’s has opened two new HomePlus stores in Scottsdale, Ariz., and Laredo, Texas. The new Conn’s HomePlus store format showcases furniture and mattresses in addition to consumer electronics and home appliances.

Conn’s currently operates more than 70 retail locations in Texas, Louisiana, Arizona, Oklahoma and New Mexico.

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FINANCE

Report: Jones Group sets Dec. 1 buyout deadline

BY Dan Berthiaume

New York – The Jones Group has reportedly set Dec. 1 as a final deadline for a buyout bid from Sycamore Partners. According to Women’s Wear Daily, with the assistance of Citi Jones Group has gone through an extensive auction process which at times included KKR & Co. and G-III Apparel Group Ltd.

Sycamore initially expressed interest for Jones Group’s apparel business and then considered buying its footwear business before deciding to consider purchasing the whole company once G-III announced it was no longer interested in making a bid. Sycamore owns other retail chains including Talbots and Hot Topic.

Jones Group declined comment in the article.

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