The Source revamps stores to avoid becoming walking dead in consumer tech

TORONTO — The Source is staging a transformation to turn its stores into electronics playgrounds in an effort to boost sales as the consumer technology industry faces pressure on multiple fronts, including big-box retailers and the ease of online shopping.The company formerly known as Radio Shack is in the midst of overhauling its stores, doing away with walls of boxed products in favour of a new aesthetic with a more modern flair — bright lights, wider aisles and even wood accents.It is setting up interactive displays to allow customers to connect their smartphones into headphones and speakers so they can test the sound with music they enjoy rather than a store-selected soundtrack, said Charles Brown, president of the Source.The first revamped store opened in the Yorkdale Shopping Centre in Toronto in 2015. The Source is aiming to complete the renovations at more than half of its 550 locations by the end of the year.The reality, Brown said, is that the Source needs to adapt to a world where consumer electronics are no longer found exclusively at specialty outlets — they can be bought at convenience stores, gas stations and other retail pit stops, not to mention online.“Retail now, there’s just so much disruption,” Brown said in an interview.Revenue in the Canadian consumer electronics industry has declined over the past five years at an annualized rate of 1.2 per cent, according to estimates by IBISWorld. The market-research firm projects revenue will continue to fall between 2017 and 2022 at an annualized rate of 0.8 per cent.The drop comes as people increasingly purchase electronics from Amazon, eBay and mass merchants like Costco, according to a recent report by the firm.Electronics retailers have been part of a wave of store closures in Canada in recent years. The Source has been among those swept up by the trend, closing about 200 locations since it was acquired by BCE Inc. in 2009. Competitors such as Sony and Best Buy have also shrunk or shut their doors altogether.Brown, who has headed the Source since 2011, said it became clear it needed to invest in change to remain competitive.“Standing still means you’re just going to be another zombie retailer,” Brown said.“You’re just walking dead … and it’s just a matter of when your clock’s going to run out.”Under the changes, the Source offers a smaller selection of products in its stores. But Brown said that is an advantage over its bigger competitors that can overwhelm customers with their offerings.The Source, a private company headquartered in Barrie, Ont., doesn’t release its earnings publicly. But Brown said the transformation is paying off, with same-store sales at renovated locations (those open for at least a year) having risen between 10 and 30 per cent.He said the company has also invested more in its staff, doubling annual training hours from 40 to 80, to improve customer service. It also began providing benefits to its part-time employees as of two years ago in addition to its full-time staff.Last year, about 30,000 people submitted applications for retail jobs in the stores, Brown said.“Three years ago? We would have been lucky to have a tenth of that.”Follow @AleksSagan on Twitter. read more

UN begins polio vaccination campaign at besieged Palestinian refugee camp in Syria

The UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) and its partners have been attempting for months to take desperately needed aid, particularly food and medicines, to Yarmouk, whose 18,000 residents have been trapped for months amid the ongoing conflict in Syria. “We are pleased to announce that UNRWA has secured the formal authorization for the transfer of 10,000 polio vaccines to Yarmouk Camp in Damascus,” said Chris Gunness, a spokesperson for the Agency.“This process has been completed without incident and the vaccination of thousands children in the camp is now underway.”Mr. Gunness thanked all those who made this “life-saving development” possible. “It demonstrates that access to Yarmouk and all civilians in Syria can be sustained and that given the chance, the UN can make a real difference in the lives of real people – babies, children, women, the sick, the elderly, the dying – who have endured unimaginable suffering because of this pitiless war.”UNRWA has also continued with food distributions in the camp, with over 800 parcels distributed yesterday. This brings to nearly 5,200 the total number of parcels delivered since 18 January, when the Agency was first permitted limited access to Yarmouk.The Agency has also continued to transfer food supplements, such as iron in tablet and drop form, multivitamins and rehydration salts.Prior to the armed conflict in Syria, which began in March 2011, Yarmouk – a suburb just south of Damascus – was home to over 160,000 Palestine refugees. In December 2012 and in the months since, conflict has caused at least 140,000 Palestine refugees to flee their homes in Yarmouk, as armed opposition groups established a presence in the area, with Government forces controlling the periphery. read more