RadioShack "Express Stores" to Open in HobbyTown USA Locations

According to a July 13 article in the New York Post, RadioShack is planning to
open "express stores" within HobbyTown USA locations. The nearly
century-old,
twice-bankrupt retailer has signed a deal with HobbyTown USA to put a mini
RadioShack outlet in some 50 HobbyTown USA stores across the country that 
would
sell items that might appeal to radio amateurs and experimenters. Those
locations will be identified with RadioShack signage. HobbyTown markets
remote-controlled cars and boats as well as drones and other hobby-related
merchandise.

RadioShack shuttered all of its company-owned retail outlets. Its last
unsuccessful effort to bail itself out of debt involved a deal with cellular
provider Sprint. HobbyTown USA has 140 retail outlets, and, according to the
Post article, RadioShack eventually could carve out a presence -- on the order
of 500 square feet -- in all of them. Stores in HobbyTown USA's headquarters
town of Lincoln, Nebraska, as well as in Parker, Colorado, and Mooresville,
North Carolina, will be among the first to host RadioShack express 
concessions.

"HobbyTown is purchasing the RadioShack merchandise and offering it to its
hobbyist customers who need the tools, wires, and other accessories that
RadioShack makes," the Post article said.

The article quoted Steve Moroneso, chief executive of General Wireless
Operations Inc. -- an affiliate of hedge fund Standard General, which acquired
RadioShack in 2015 -- as saying that RadioShack's strategy now is not to own
brick-and-mortar stores. RadioShack came out of bankruptcy in January with 400
dealers, an online retail presence, and a distribution center. General 
Wireless
acquired the 1,743 retail outlets that survived RadioShack's 2015 bankruptcy.

Moroneso also told the Post that there is "plenty of interest from dealers who
want to open a full-line Radio Shack."

Original article:
http://www.arrl.org/news/radioshack-express-stores-to-open-in-hobbytown-usa-loc
ations

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