REAL ESTATE

Dunkin’ Donuts opened 171 new U.S. stores in 2009

BY CSA STAFF

Canton, Mass. Dunkin’ Donuts said Monday that it opened 171 new stores in the United States last year.

The chain said it is working for greater exposure in the markets it already serves and also entered a few new markets such as Louisville, Ky.; Birmingham, Ala.; and Dayton, Ohio.

Dunkin’ Donuts opened 351 new locations worldwide and had 131 new signed franchise commitments in the United States in 2009.

The company’s international expansion includes new stores in China; Korea; Thailand; the United Arab Emirates; and the Bahamas.

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REAL ESTATE

RadioShack headquarters to stay in Texas

BY CSA STAFF

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.

 

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American Eagle to expand internationally

BY CSA STAFF

Pittsburgh American Eagle Outfitters announced the opening of its first stores outside of North America. The news comes on the heels of the company’s announcement that it is closing its Martin+Osa business, which includes 28 stores and an e-commerce arm.

This month, flagship American Eagle Outfitters stores will open in Dubai and Kuwait City. This Middle East launch comes in cooperation with M.H. Alshaya Co., the leading retailer in the region, which last year signed a franchise agreement to open a series of American Eagle Outfitters stores in international markets over the next several years.

A new 9,400-sq.-ft. American Eagle Outfitters store will open in Dubai on March 16. An 8,500-sq.-ft. store will open in Kuwait City on March 25 at the Avenues Mall. Both stores will feature the casual lifestyle of the brand and provide the same high-quality, on-trend clothing and accessories at affordable prices featured at American Eagle Outfitters stores throughout North America.

Also available at the new stores will be the latest collection of aerie, the comfortable loungewear and intimates brand by AEO.

“We are very excited to expand the international presence of the American Eagle Outfitters brand,” said Jim O’Donnell, CEO of American Eagle Outfitters. “There is a significant appetite for the AEO brand internationally, and we are excited to bring our high-quality, affordable fashion to customers in the Middle East. We are confident that our franchise partner, M.H. Alshaya, will bring the authentic AEO brand experience to life given their track record of presenting the world’s most prominent brands in international markets.”

American Eagle Outfitters operates 938 stores throughout the United States and Canada, and through its e-commerce business, ships merchandise to 75 countries worldwide. 

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