Is RadioShack Going Out of Business?
Electronics retailer Radio Shack could file for bankruptcy soon after its shares lost nearly a third of its value, brokerage Wedbush Securities reported Tuesday, according to Reuters.
electronics
Newegg Planning Indianapolis Distribution Center
Newegg, an exclusive online-only electronics retailer, is looking to open a new Midwest distribution center in Indianapolis, Indiana. The proposal is expected to cost $15 million to lease and equip the 800,000 square-foot facility.
Consumers Stretch Their Budgets This Mother’s Day
Consumers are expected to spend an average of $168.94 on mom, this Mother’s Day. This is an 11% increase from last year’s $152.42 and total spending is expected to reach $20.7 billion, according to the National Retail Federation’s Mother’s Day spending survey conducted by BIGinsight, in a press release.