Malaysian company plans 1,000 RadioShack stores in Asia
RadioShack is planning a major expansion throughout Asia after signing a development agreement with a Malaysian retail group.
The Fort Worth-based retailer said today that Berjaya Retail Berhad expects to open at least 1,000 franchise locations in several southeast Asian nations over the next 10 years. It anticipates to open the first RadioShack locations in Kuala Lumpur later this year.
Berjaya Retail Berhad operates the 7-Eleven and Singer brands that have 2,000 stores combined. The company is owned by Tan Sri Vincent Tan Chee Yioun.
RadioShack's retail network includes 4,700 company-owned stores in the U.S. and Mexico and more than 1,100 dealer and franchise locations worldwide.
-- Steve Kaskovich