As smartphones increasingly become like digital wallets with the rollout of features like Apple Pay and online identification becoming more common, it is only a matter of time before people become confident enough to put more sensitive information on their phones beyond just bank cards.
CompUSA this week announced the opening of a new store in Dover, Del. The fourth new CompUSA store to open in the last two months, the 20,000 square-foot store includes the company's Retail 2.0 system.
The revived CompUSA made its first move into the Mid-Atlantic region last week, opening a new 20,000 square-foot store in Dover, Del
A U.S. Bankruptcy court judge on Friday approved the conversion of Tweeter's bankruptcy from Chapter 7 to Chapter 11, and also appointed a new trustee to oversee the process, Reuters reported.
Home cinema designer/retailer/installers Theater Xtreme plans to open stores in Towson, Md. and Wilmington, Del. this fall. They have signed a lease agreement for the Towson store and are finalizing the same for the Wilmington location. The Wilmington store will be their second in that city. Scott Oglum, CEO of Theater Xtreme Entertainment Group, explains, “We see a competitive opportunity to move the Wilmington store into class-A retail location, and to open a design center in the Towson area. These markets are very attractive to us.” Additionally, Theater Xtreme has acquired a franchise-owned location in Leesport, PA.
Tweeter Home Entertainment Group announces plans to close 19 stores, according to the company, which announced its earning results for the second fiscal quarter ending March 31, 2005. Tweeter expects to reduce its total workforce by approximately six percent as a result of the store closings. According to company reports, the closings represent almost 11 percent of all stores and 4.7 percent of revenue. Total revenue from continuing operations decreased one percent to $185 million from $186 million in the same period last year while comparable store sales from continuing operations decreased four percent, says Tweeter. Operating loss from continuing operations for the quarter, according