REAL ESTATE

Wegmans delays Massachusetts store opening

BY Dan Berthiaume

New York – Wegmans is pushing back the scheduled opening of a new store in Newton, Mass., until spring 2014. The grocery retailer is citing construction delays and demands of other projects, such as the upcoming grand opening of a replacement store in Rochester, N.Y., this Sunday, for causing the later opening of the new suburban Boston location.

Wegmans currently operates one store in Massachusetts, a 138,000-sq.-ft. facility in the town of Northborough.

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OPERATIONS

RadioShack expands DIY product assortment

BY Staff Writer

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."

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OPERATIONS

Ethnic consumers represent strong potential

BY Staff Writer

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).

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