Costco eyeing Australian expansion
Issaquah, Wash. Costco has identified the Asia-Pacific region as a key area for growth and said it could open two stores a year in Australia, according to The Sydney Morning Herald.
“We are ramping up some of our international [operations] a little bit. Our success in Asia is an example, and Australia,” said Richard Galanti, CFO at Costco.
RadioShack headquarters to stay in Texas
Dallas RadioShack has forged an agreement with Tarrant County College that will allow the company to remain in Fort Worth, Texas. The company was considering moving its headquarters out of the region, according to the Dallas Business Journal.
School administrators announced at a Thursday night Tarrant County College board meeting that the company’s lease on the campus it shares with the college has been extended for five years.
Fort Worth competed with five other communities, including its neighbor Irving; Tampa, Fla.; Albuquerque, N.M.; Raleigh, N.C.; and Nashville, Tenn.; to keep RadioShack, said David Berzina, executive VP economic development for the Fort Worth Chamber of Commerce.
“We are gratified by RadioShack’s decision to keep its corporate headquarters in Fort Worth, where it has maintained a strong presence as a global leader and engaged corporate citizen for several decades,” Berzina said. “There is tremendous competition around the country among cities that are vying for the business of industry-leading corporations such as RadioShack.”
RadioShack employs about 1,700 people in two of five buildings on the 900,000-sq.-ft. campus it shares with Tarrant County College.
Mandee brings new concept to Chicago
Totowa, N.J. Fast-fashion retail chain Mandee is testing a new store concept in Chicago at the Harlem Irving Plaza Mall. The location is slated to open on Friday.
The concept, which has already launched in Clifton, N.J., features a dynamic, bright, open shopping environment, and a shiny white runway that can change from a display to stage, to runway in minutes. The store also features music and videos playing on large monitors.
The 6,000-sq.-ft. location aims to create a high-energy retail environment makes customers “feel like celebrities.”
This is Mandee’s second Chicago store.