Posted in News Tagged bankruptcy, Buyout, online, radio shack, radioshack Post navigation
While it doesn’t look like this news will get us any closer to having a neighborhood store that stocks resistors, there’s a certain comfort in knowing that RadioShack kits and books will still be around for the next generation. To their credit, they did try and rekindle their relationship with hackers and makers by asking the community what they’d want to see in their stores. Like most of you, we have fond memories of the Golden Age of RadioShack, back before they thought selling phones and TVs was somehow a good idea. Getting an accurate count of how much merchandise the company still has on hand after shuttering the majority of their physical locations in 2017 certainly sounds like something the new owners would want to do. As of this writing the website currently says that sales have been temporarily halted to allow for inventory restructuring, though it’s unclear if this is directly related to the buyout or not. REV says they plan to relaunch the rather dated RadioShack website just in time for the company’s 100th anniversary in 2021. There will be millions of bored kids and adults looking for something to do during the long winter nights, and an electronic kit or two shipped to their door might be just the thing. As the US mulls further lockdowns in response to the continuing COVID-19 pandemic, it’s hard to disagree. While the press release doesn’t outright preclude the possibility of new physical RadioShack locations, it’s clear that REV believes the future of retail isn’t to be found in your local strip mall.
As the name implies, REV specializes in online retail, having previously revamped the Internet presence of other bankrupt businesses such as Pier 1 Imports and Dressbarn. The downside, at least for folks like us, is that there are no immediate plans to return the iconic electronics retailer to its brick-and-mortar roots. Others differ by carrying items that wouldn't be found in the company-owned stores.The good news is that as of today RadioShack has officially been purchased by Retail Ecommerce Ventures (REV), giving the troubled company a new lease on life. Now, when people need electronic gear, more than ever they turn to online retailers.Īs for the RadioShack authorized dealers, many appear similar to the company owned stores, having stocked RadioShack-branded merchandise.
RADIO SHACK GOING OUT OF BUSINESS TV
It also became a regular stop for incidental items like cables or antennae to hook up a TV set, batteries for toys or transistor radios or early laptop computers like the TRS-80.īut like so many other retailers, it has become a victim of the Internet.
It was a regular stop for consumers for all nature of electronics - from stereos to walkie talkies. In its heyday, Fort Worth-based RadioShack had 7,300 stores and could claim that it had a store within three miles of 95% of all American households.
Now, the remaining company-owned stores will include only seven states, with the greatest concentration in New York, Pennsylvania and RadioShack's native Texas. The meltdown of what was once one of America's best-known chains represents a strange turn of events considering it was only in March that parent General Wireless Operations filed for bankruptcy protection and proposed closing only about 200 RadioShack stores.īut at the time, General Wireless left the door open to closing more - though few observers expected the numbers to top 1,000 soon.
0 kommentar(er)
