Consumer Electronics

Baltimore -- Jones Lang LaSalle announced Monday that its Retail Group has been selected by Ashkenazy Acquisition Corp. as the property manager of The Village of Cross Keys, a two-level, open-air retail center north of downtown Baltimore.

The Village of Cross Keys is a mixed-use center with 179,000 sq. ft. of office space and an 81,000-sq.-ft. retail center featuring Chico’s, Williams-Sonoma and Talbots, among others. The retail offerings on site are complemented by a 146-room Radisson Hotel, 700 residential units and a large office park.

Chicago -- Eidco Construction announced that the firm has won a 65,000-sq.-ft. renovation project at the Westgate Mall in Brainerd and Baxter, Minn.

Currently in progress, the project was designed by Chipman Design Architecture, in collaboration with Ringdahl Architects, and involves a number of interior tenant improvements, along with exterior façade work and the construction of a building addition.

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.
 

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.

WAYNE, N.J. — The decision to open fewer Express stores during the 2011 holiday selling season, along with a decline in comparable-store sales both in the United States and internationally, contributed to Toys“R”Us's fourth-quarter net sales decline of $47 million to $5.9 billion. On a positive note, the company's new ventures in Greater China and Southeast Asia have offset the sales decline.

Fort Worth, Texas -- RadioShack Corp. said Thursday it 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.

HOFFMAN ESTATES, Ill. — Former Sony Electronics executive, Steve Haber, is joining Sears Holdings as SVP and president, home appliances. 

In his new role with Sears Holdings, Haber will lead the company's effort to continue driving profitable growth in its industry-leading appliance business.

Grapevine, Texas -- Video-game retailer GameStop Corp. reported Thursday that profit for the quarter ended Jan. 28 dropped 27% to $174.7 million, from $237.8 million in the year-ago period. Adjusted profit, however, matched predictions, as results included $64.6 million in asset impairment and restructuring charges.

Revenue fell 3.1% to $3.58 billion from $3.69 billion, missing Wall Street’s expected $3.69 billion in revenue. Same-store sales slipped 3.6%.