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|    Message 439 of 1,530    |
|    Sean Dennis to All    |
|    RadioShack in HobbyTown USA    |
|    20 Jul 18 11:00:38    |
      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              ... A handful of good life is better than a bushel of learning. - George        Herbert       --- GoldED+/LNX 1.1.5-b20170303        * Origin: Outpost BBS * Limestone, TN, USA (1:18/200)    |
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