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RadioShack inks deal in New Jersey shopping center
North Plainfield, N.J. — RadioShack has leased 2,556 sq. ft. at the 175,515-sq.-ft Hamilton Plaza in Hamilton Township, N.J., according to Levin Management, the property’s managing and leasing agent. Metro Commercial Real Estate Inc. served as the tenant’s broker in the transaction.
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Big Lots to focus on retail business, shuts down wholesale biz
Big Lots plans to close down its wholesale operations, Big Lots Wholesale, Consolidated International and Wisconsin Toy, by the end of the current fiscal year. The move is the latest in the company’s strategy to refine its business model and focus on its retail stores.
As things wind down for the wholesale business its inventory will be liquidated. The company says that it will assimilate employees into its retail operations wherever and whenever possible throughout the next 90 days.