New electronics, appliance store opens

November 21, 1996


Staff Writer

A new electronics and appliance store opens today next to the Valley Mall in Hagerstown.

REX is in the building that housed the Luskin's store that closed in late summer.

Store manager Harold Schrake said the store is part of a chain based in Dayton, Ohio. The 80-year-old company is one of the fastest growing chains in the business, with 227 stores across the United States, he said.

The Hagerstown store is one of two in Maryland, Schrake said. A store opened in Cumberland three weeks ago.

The company will open a store in Chambersburg, Pa., next week, Schrake said. In addition to serving as local store manager, he is also district manager.


"We're very excited about coming into Maryland," Schrake said. "There's a very good market here."

The Hagerstown store employs 11 people, he said.

The 10,000-square-foot store is filled with a selection of electronics, including televisions, camcorders, VCRs, stereos and computers. Appliances also are available.

REX offers financing and a guaranteed low price for 30 days after a purchase. During that period, if customers find the same product for a better price elsewhere, they can return to the store for refund of the difference in prices, plus 25 percent of the difference, plus tax, Schrake said.

The store contracts its repair service with local companies, he said.

REX is listed on the New York Stock Exchange. The company was started by Stuart Rose, who remains active in the business as chief executive officer.

The business office in Dayton also is home to a warehouse store, a showroom and the company's distribution facility.

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