Independent video game stores are endangered, with many owners expecting physical storefronts to be gone within a decade as customers move online and market conditions make their existence more difficult. Most shops forgo selling new games in favor of old and used games and earning revenue from nongame products, but costs aren't going down and resale marketplaces like eBay, Let Go and Facebook are making it harder to cheaply buy troves of profitable old games.
Sephora, known for its large-format stores packed with beauty products from a slew of brands, will experiment with a neighborhood boutique format dubbed Sephora Studio. The first will open on Boston's Newbury Street Friday, with a curated collection of products that's focused more on makeup and less on fragrance and skin care.
Intel has reportedly ended efforts in its Basis smartwatch business segment, dissolving it as of two weeks ago. The company's New Technologies Group, which was previously developing wearables, will now focus on augmented reality, a source said.
H-E-B has teamed with Texas firm Enchanted Rock Energy to add natural gas generators at 50 stores in the Houston market, with plans to eventually roll them out to all of the retailer's stores in Texas. The generators will be a more reliable source of backup power for H-E-B's stores, which currently use diesel generators, allowing the retailer to offer customers a cool building, food and other supplies when power goes out.
Kroger will invest $20 million to renovate seven former Marsh Supermarkets the retailer acquired after Marsh filed for bankruptcy earlier this year, and the retailer will reopen two of the stores under Kroger's Pay Less banner and five under its namesake banner. Kroger purchased 11 Marsh stores in total, and a task force is studying the options for the four stores not included in the renovation plans, the company said.
Consumers want Amazon's impending ownership of Whole Foods Market to lead to more in-store tech innovation, starting with cashier-free checkouts, according to a survey by ChargeItSpot. Shoppers also said they wanted the merger to bring lower prices and create new pickup spots for Amazon purchases.
Amazon will start selling Sears' Kenmore brand appliances online as part of the e-commerce giant's push to expand into home appliances and furniture, the companies said Thursday. Under the deal, Amazon will own the inventory, which will be shipped from Sears' warehouses, a Sears spokesman said.
New Jersey Sen. Cory Booker and other members of the Congressional Black Caucus will urge the Department of Justice to scrutinize Amazon's planned acquisition of Whole Foods. "This consolidation that's happening all over the country is not a positive trend," he said.
US-based fashion retailer Abercrombie & Fitch is focused on expanding sales in China, where it will start selling its namesake and Abercrombie kids styles on Alibaba Group's Tmall next week, the company said. The launch on Tmall will make Abercrombie's apparel accessible to fans without easy access to its 11 retail stores in the country.
Shares of home appliance retailers Lowe's and Home Depot dropped sharply on Thursday after Sears announced it would start selling its Kenmore-branded appliances on Amazon.com. Sears stock closed up 10%, and Amazon saw stock success, too.
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