REAL ESTATE

First enclosed mall to open in six years officially debuts in Utah

BY Staff Writer

Bloomfield Hills, Mich. — Taubman Centers on Thursday announced the opening of City Creek Center in Salt Lake City, Utah. Thousands of visitors attended the grand opening of the only regional shopping center to open in the United States this year.

According to the International Council of Shopping Centers, City Creek Center is the first enclosed regional shopping center to open in the United States in six years.

City Creek Center is the retail component of City Creek, the 23-acre, mixed-use development on three blocks in the heart of downtown Salt Lake City.

The 700,000-sq.-ft. shopping center features a retractable roof, a 140-ft. skybridge over Main Street, a 1,200-ft.-long re-creation of the historic City Creek, two 18-foot waterfalls and three fountains from the creators of the famed Bellagio fountains in Las Vegas.

The center is anchored by Nordstrom and Macy’s and, of the 100 stores and restaurants, one-third are unique to the Salt Lake City market or the state, including Tiffany & Co., Michael Kors, Coach, Tumi and Brooks Brothers/Brooks Brothers Women.

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OPERATIONS

Sears names former Sony exec as appliance head

BY Staff Writer

Hoffman Estates, Ill. — Sears Holdings Corp. said Thursday that Steve Haber will join the company as senior VP and president, Home Appliances.

Haber was previously executive VP at Sony Electronics, leading the Product to Consumer Marketing and the Home and Digital Reading business divisions.

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News

RadioShack expands footprint in Southeast Asia

BY CSA STAFF

FORT WORTH, Texas — RadioShack has made an agreement with Malaysian retail group Berjaya Retail Berhad that will expand RadioShack’s global footprint across 10 Southeast Asian countries.

Under the long-term agreement, Berjaya Retail (Cayman) Limited as franchise developer is expected to open at least 1,000 franchise locations across the Association of Southeast Asia Nations within the first 10 years. Its subsidiary in Malaysia, Berjaya RS Sdn. Bhd., expects to open its first RadioShack locations later this year in Kuala Lumpur.

The Berjaya relationship represents RadioShack’s single largest franchise expansion to date and offers the potential to nearly double the number of RadioShack’s total dealer-franchise locations worldwide, eventually increasing the company’s global footprint to 39 countries.

Berjaya Retail Berhad operates the 7-Eleven and Singer brands that have a combined network of 2,000 stores.

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