RadioShack opens concept stores in China, Malaysia
Fort Worth, Texas – RadioShack has opened two new concept stores in China and Malaysia, marking the brand’s most recent moves throughout Asia and Southeast Asia.
Working with joint venture partner FIH (First Honest Enterprises Limited), RadioShack introduced its first concept store in China on March 21 with a grand opening ceremony at Huacao Town, Shanghai. RadioShack and franchise partner Berjaya Retail Berhad also relaunched a completely renovated existing store at Mid Valley Megamall in Kuala Lumpur, Malaysia on March 26.
RadioShack plans to open at least 15 future locations over the next year in key markets throughout Asia. RadioShack has an existing long-term master franchise agreement with Berjaya RadioShack Sdn Bhd., a subsidiary of Malaysian retailing conglomerate Berjaya Retail Berhad, which calls for Berjaya to expand the electronics chain across 10 countries in Southeast Asia in the next 10 years.
These two new stores represent the second and third international concept stores for the brand, following the November 2013 debut of its international concept store in Bangsar, Kuala Lumpur. In the time since RadioShack introduced its first concept store in New York City in June 2013, the brand has opened 30 concept stores in the U.S.
Features of RadioShack’s new concept stores in China and Malaysia include interactive displays that enable shoppers to find and compare products, including demo stations where they can explore products among leading brands before buying, as well as a speaker wall where customers can browse and compare different speakers by listening to music installed on in-store tablets.
"International expansion remains a growth opportunity for RadioShack, and we are excited to continue to introduce our reinvigorated, interactive store experience to consumers in Malaysia and China," said Joe Magnacca, CEO of RadioShack. "Our expansion will take us into both emerging and established tech markets abroad, and we believe this new store environment, combined with our knowledgeable, collaborative store associates, will allow RadioShack to become a destination for the expanding technology needs in these international markets."
Ralphs opens new California store April 10
Compton, Calif. — Ralphs will open a new Ralphs Fresh Fare store in Sherman Oaks, Calif., on April 10. The new 72,000-sq.-ft.store replaces an older Ralphs that operated for 42 years from the same location before it was closed in 2012, and will employ about 240 full- and part-time workers.
The new Sherman Oaks Ralphs will also feature an in-store Murray’s Cheese Shop, as well as fresh produce; a fully staffed meat department; a fresh seafood department; a full-service bakery; a service delicatessen with fresh items; and a full-service pharmacy. The store will also feature Kosher Experience, a 1,500-sq.-ft. store-within-a-store featuring a full-service delicatessen, bakery, meat and seafood department, frozen food section and several aisles of non-perishable kosher food products.
"Sherman Oaks shoppers can expect to see great prices, larger product variety and top-notch customer service at our new Sherman Oaks Ralphs Fresh Fare," said Donna Giordano, president of Ralphs. "We’re excited about the new products and services we are offering in our new Sherman Oaks store and we look forward to continuing our partnership with the community."
PGA Tour Superstores targets 50 locations by 2018
Atlanta — PGA Tour Superstores announced three new store openings in 2014 and an ambitious growth strategy that will more than double its current retail footprint, adding one million square feet of new golf retail space over the next five years.
As part of its growth plan, the mega-golf retailer will open new interactive retail experience stores this fall in Orlando, Florida; North Scottsdale, Arizona; and Southlake, Texas.
"Despite a flat retail landscape in the golf industry, we have growth plans that prove experiential retail is alive and well," said PGA Tour Superstore president and CEO Dick Sullivan. "We currently have plans to grow PGA Tour Superstore’s presence by up to 25% per year over the next five years in locations across the U.S.”
The company currently has 19 retail stores ranging from 40,000 sq. ft. to 50,000 sq. ft. per store. Each store has up to 14 custom fitting simulators and practice bays in every location. The retailer plans to have up to 50 locations by 2018.
"When it snows in Chicago or New York, golfers can come into our stores, work on their game and see their ball flight on our launch monitors,” Sullivan said.” And they can putt on our 2,000-sq.-ft. putting greens. This experiential format works, and we’re excited to roll it out to many more markets over the next several years."
Each store features certified golf pros, personalized golf lessons and the best in golf technology, equipment, apparel, custom fitting and repairs. The stores are owned and operated by Golf & Tennis Pro Shop, Inc., whose controlling owner and chairman is Arthur M. Blank, retired Home Depot co-founder and owner of the Atlanta Falcons.
"We couldn’t have picked three better markets to expand in this year," added Sullivan. "Orlando is a new market for us and builds on our presence in Florida, while Southlake and North Scottsdale allow us to add stores into two existing markets."