Why airport retail is boomingby Daniel Gross
RadioShack is barely walking—but InMotion Entertainment Group, which sells electronics in airports, is thriving. It now has 125 locations and is the 43rd-largest consumer electronics company in the U.S.
Newsstands are shutting down—even Harvard Square’s famous Out of Town News is in jeopardy. But Hudson News, many of whose locations are in airports, has dozens of stores under construction.
Yes, there is a brick-and-mortar retail apocalypse afflicting large chunks of the industry. Sure, home-improvement stores and dining establishments are doing OK, but retail chains are going bankrupt at a furious pace, malls are emptying out, Sears is enduring its decadelong calvary, and Manhattan’s avenues are suddenly pocked with vacant storefronts. But there is one chunk of the vast retailing sector that seems to be going strong, with no caveats: stores in airports.