Radio Shack mall leases could be in demand

Radio Shack may be crumbling financially, but its shopping mall storefront leases have value.

Instead of shedding tears over the potential demise of another legacy retailer, upstarts and growth companies queuing up to snap potential leases, reports the Philadelphia Inquirer.

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Consumer confidence is at its highest level since August 2007, according to the Conference Board Consumer Confidence Index, which jumped sharply in January following an upward swing in December.
The monthly survey, based on a probability-design random sample reflects what consumers buy and watch.
The Index base-lined at 100 in 1985 now stands at 102.9, up from 93.1 in December.
” A more positive assessment of current business and labor market conditions contributed to the improvement in consumers’ view of the present situation,” said Lynn Franco, economic indicators director at the Conference Board. “Consumers also expressed a considerably higher degree of optimism regarding the short-term outlook for the economy and labor market, as well as their earnings.”

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