RadioShack Headed to Florida?

We haven’t read much lately about big retail companies moving their headquarters, so we found reports about RadioShack leaving the Fort Worth area interesting. One area the company is supposedly considering for a new home is Tampa, FL.

Also under consideration are Charlotte, NC; Nashville, TN; and Albuquerque, NM. Spokespeople for the retailer aren’t talking about the possible move.

The Shack, which has 1,700 employees, sold its 900,000-square-foot Fort Worth campus to a German firm after the retailer constructed the facility in 2005. A college then bought the complex last year and is giving RadioShack free rent through 2011.

The potential move comes at an interesting time for the 4,470-unit chain. RadioShack’s recent sales and earnings were down, but analysts upgraded the retailer’s stock after it announced plans to sell iPhones.

Additionally, it’s rebranded itself as The Shack and has cut back its store based over the years. Would a new headquarters refresh the chain?


4 Responses to “RadioShack Headed to Florida?”

  1. 1 Gerard Marino, CCIM November 18, 2009 at 9:43 am

    Radio Shack is a fine company, but needs a total image remake. Moving to Florida would be an excellent idea as current employees are reinvigorated in a new location and new employees bring new ideas and enthusiasm. I’d like to suggest they seriously consider Southwest Florida, which is home to Chico’s, Source Interlink, and many other exciting companies. Home prices are low, commercial land is cheap, it has a brand new international airport, and was the winter home of Thomas Edison, Henry Ford and Harvey Firestone…some of America’s first entrepreneurs.

  2. 2 James November 20, 2009 at 9:20 am

    There are so many places to live and do business better than Florida and if you are bringing 1700 jobs with you several states will offer substantial incentive packages. I’d be taking a hard look at Colorado: excellent infrastructure, educated young population, great life style, 300+ days of sunshine, not to mention one of the worlds best airports.

  3. 3 F. Ford Beach, Jr. November 24, 2009 at 12:34 pm

    Whikle although Nashville maybe oen fo the Citeis Listed as a Contender, “Memphis,TN” should also be a Contender due to its Workforce, and mainly its lower cost-of-living, compared to all other Cities being considered. Memphis has one of the Top 10 safest Airports in the Country, as well as our Residential Market has not tanked as bad as others, in fact, our values have shown increases of 2-3% in many of our neighborhoods. Another area is our Corporate Campuses with Buildings available to move into that are readily available with 2-3 very Large Coporate Campuses of 250K sq.ft.+ of space and $50M Plus in Initial costs are now available in the $6M to 8M price range; a savings of over 35M to $40 Million dollars! in original costs to build these Massive Corporate Campuses,one of which was Harrahs’ Coporate HQ before they moved to Vegas and all fairly new and all vacant.

  4. 4 Gerard Marino November 27, 2009 at 6:14 pm

    Colorado is a fine state – in fact I lived there for a year. However, Radio Shack also needs a cost advantage, which they can’t get in Colorado. Florida is a no personal income tax state, has a lower sales tax and is on the fore front of solar energy. In fact, FPL just completed the worlds largest solar panel field…coincidentally, close to Fort Myers.

    However, the best advantage SW Florida has over Colorado is the cost of housing, where exectives can have a world class homes in Naples to WATERFRONT homes in Cape Coral under $100,000.

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