What Radio Shack’s bankruptcy means for the retail real estate landscape
Since opening its doors in 1921, Radio Shack been represented a Mecca of sorts for electronics enthusiasts. That is, however, until the mobile and gaming industry took off.
While Radio Shack stayed wedded to electronics, consumers had more options to fulfill their appetites for gadgets and services Fast-forward to February 5, 2015: Radio Shack announced that it will file Chapter 11 Bankruptcy and unplug the 4,000 stores across the United States. This announcement, and the immediate store liquidations as
The Wall Street Journal reported, has raised a lot of questions for the real estate industry.
JLL's President of Retail Brokerage
Naveen Jaggi says Radio Shack's Bankruptcy isn't a surprise to most retail owners, but that the filing will still impact the retail landscape, and the real estate markets and landlords.
Jaggi shares a retail expert's perspective of the three things we need to know:
They say, "When one door closes, another one opens." Only time will tell what happens behind Radio Shack's 4,000 doors.