Radio Shack has been trying to close more than 1,000 of its 5,000 stores for the past year; its lenders are resisting; bankruptcy threatens.
Meantime other retailers are weighing whether Radio Shack sites — 29 in Philadelphia and its nearby suburbs, a total of 130 from Wilmington to Princeton, each about 2,000-2,700 sq ft — would make good lunch spots, phone stores, massage salons.
“We have a lease” to take over a Philadelphia-area Radio Shack — he won’t say which, it’s still open — and are negotiating for others in Boston, Atlanta, Miami, and Austin, Tex., Todd Leff, CEO of Hand and Stone Massage and Facial Spas, a 200-store franchise chain based in Hamilton Township, N.J., told me. Hand and Stone says it has 35 locations in the Philadelphia area and South Jersey, and plans up to 15 more. Each store employs 30, including therapists and aestheticians for massage and skin care. Hour-long treatments cost $49-99.