REAL ESTATE

RadioShack opens first college store location at U of Texas

BY Katherine Boccaccio

Fort Worth, Texas — As part of a previously announced plan to expand into non-traditional channels, RadioShack said its first shop-in-shop college store has opened at the University of Texas at Austin.

Located within the University Co-op bookstore, the RadioShack-branded section features consumer electronics products geared toward college kids. The Top Tech at UT Students’ Fingertips RadioShack’s retail space consists of a 12-ft. section of wall located on the first floor of the Co-op, and features items such as headphones and Bluetooth speakers.

The UT retail space is the first RadioShack college store location planned for 2013, with additional college bookstores, stretching from New York to San Diego, to be added to the roster throughout the fall. This is a part of the five-year agreement announced earlier this year with NACSCORP, a subsidiary of the National Association of College Stores, to offer an assortment of consumer electronics and accessories to the nearly 4,000 college store customers NACSCORP currently serves.

"The college consumer is one of the most connected consumers out there, and what better way to introduce the reinvigorated RadioShack brand to this audience than to go where they are, and give them what they need to make their technology not only work for them, but to make their lives more fun," said Joe Magnacca, CEO, RadioShack Corp. "Non-traditional locations like this one at the University Co-op can serve as a gateway to a new generation of consumers for RadioShack, where we can begin to stake our claim as being the go-to source for the technology they need."

RadioShack collaborated with University Co-op president and CEO George Mitchell to develop the University of Texas product mix.

The opening this fall of college store locations follows closely on the heels of RadioShack’s announcement in early July that it is debuting several concept store locations over the next several months to deliver a more interactive and engaging shopping experience. The first of these concept store locations debuted in Manhattan in June.

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R.Owens says:
Jul-26-2013 08:56 am

This is good news. Now I can get all the stuff that I need at RadioShock. Are there any other branches you have near any electrician school in Texas? I need to know so that I can tell my friends too.

R.Owens says:
Jul-26-2013 08:56 am

This is good news. Now I can get all the stuff that I need at RadioShock. Are there any other branches you have near any electrician school in Texas? I need to know so that I can tell my friends too.

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REAL ESTATE

McDonald’s plans Vietnam expansion

BY Dan Berthiaume

Oak Brook, Ill. – McDonald’s has signed a contract with Vietnamese businessman Henry Nguyen to serve as a developmental licensee for the company in Vietnam.

Nguyen, founder of Good Day Hospitality and managing partner of IDG Ventures Vietnam as well as a former part-time McDonald’s store employee in the U.S., is expected to open Vietnam’s first McDonald’s restaurant in Ho Chi Min City in early 2014.

"We are pleased to be opening in Vietnam and bringing the McDonald’s experience of quality food, great service and contemporary design to our 38th country in Asia," said Don Thompson, president and CEO of McDonald’s Corp.

Vietnam is one of more than 65 countries where McDonald’s uses the developmental licensee model, which it launched 30 years ago.

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RILA: Green Lease teams landlords and tenants toward sustainability

BY Katherine Boccaccio

Washington, D.C. — A first-of-its-kind document could go a long way toward cementing the sustainability relationship between retailer tenants and their shopping center landlords.

The Retail Industry Leaders Association and the Institute for Market Transformation are releasing the Retail Green Lease Primer, which helps merchants and landlords improve the efficiency of their retail facilities. The Retail Green Lease Primer is a tool developed with significant input from national owners and retailers to educate real estate and leasing agents on the specific retail lease provisions necessary for achieving energy, waste, and water use — and cost — reductions.

“Retailers recognize that there are opportunities to improve the efficiency of the buildings they lease,” said Adam Siegel, VP sustainability & retail operations, RILA. “Green leasing is a tool to help do that.”

For the past two years, a select lineup of U.S.-based retailers and landlords have collaborated to identify the opportunities for more sustainable facilities and the barriers to achieving them. They have identified the lease as a pivotal mechanism to promote sustainability. Through the Retail Green Lease Primer, RILA and its members, together with IMT, have begun to define "green leasing" for the industry: namely, the provisions in retail leases that reduce the costs associated with energy, water, waste, and other resource use.

Already, retail landlords are seeing the value that green leasing can provide. In February, Pyramid Management Group’s Destiny USA property received LEED Gold certification; now Pyramid is actively working with its retail tenants to improve their energy, water, waste, and indoor air quality performance, creating a more comfortable shopping environment and reducing costs.

When it comes to investing in technologies and processes that promote more efficient and sustainable facilities, owners and retail tenants often don’t know how to start the conversation. The Retail Green Lease Primer aims to solve this problem by presenting the 13 most important lease topics in a clear and simple format. View the resource here.