February 6, 201511 yr Bloomberg) -- RadioShack Corp., the 94-year-old consumer-electronics chain, filed for bankruptcy with a plan to turn about half of its 4,000 stores into Sprint Corp. locations and close the rest. The company said Thursday that it has an agreement to sell 1,500 to 2,400 of its locations to a unit of Standard General LP, its biggest shareholder. Standard General has a deal with wireless carrier Sprint to set up stores-within-stores at as many as 1,750 locations. The rest will be shuttered under a deal with a liquidator, Hilco Merchant Resources. The company has reported 11 straight quarterly losses, and its shares dropped 86 percent last year. The bankruptcy represents the endgame for a chain that traces its roots to 1921, when it began as a mail-order retailer for amateur ham-radio operators and maritime communications officers. The company was bought by Tandy Corp. in 1963. RadioShack Files for Bankruptcy Protection - Bloomberg Business
February 6, 201511 yr The stock has been hovering around .25 forever. What a sad ending I may go buy something tomorrow and put it on my desk.
February 6, 201511 yr The stock has been hovering around .25 forever. What a sad ending I may go buy something tomorrow and put it on my desk.
February 6, 201511 yr When I was a young whipper snapper, I would go to Radio Shack to buy all sorts of little things that couldn't be purchased anywhere else. My uncle and I literally built a computer way back when with pieces that we bought at Radio Shack. There just isn't a market for such things these days. I'll be honest...I knew it was coming but much like the death of a longtime sick loved one...this one hurts. I hate to see Radio Shack go down in flames like this.
February 6, 201511 yr After half a decade working for them in the late 90s/early 00s, I can't say I'm sad or surprised to see them go. They had several chances to change the business model, but instead took an absolutely horrible left turn in deciding to try and become a "big box" store. They got greedy at the top of the food chain and this is the expected end result...
February 6, 201511 yr I fixed my first TV, professionally, buying my parts (tubes) at the Radio Shack that used to be on the Falls Road in Corbin. You could buy leather crafting products there, too.
February 6, 201511 yr Time keeps on tickin,tickin,tickin...into the future.... It is interesting as I approach adolescence (or maybe that's obsolescence) how many things have changed during my life... Several of us were just talking about the old Turfland Mall in Lexington, which, when I moved down here from Massachusetts, was a hopping place, anchored by Montgomery Ward. Montgomery Ward is long gone, the mall is pretty much replaced by Home Depot, Sears is mostly gone, now Radio Shack. I still remember the days as a kid going to the Western Auto store just to look at the bicycles and the baseball gloves...I loved the smell of the store. I can see how this happens, but I don't know where I will get my flux capacitors now.
February 6, 201511 yr After half a decade working for them in the late 90s/early 00s, I can't say I'm sad or surprised to see them go. They had several chances to change the business model, but instead took an absolutely horrible left turn in deciding to try and become a "big box" store. They got greedy at the top of the food chain and this is the expected end result... I worked there for a while in that time frame as well. That place was a complete joke the way it was ran, can't say I am suprised it went under. The stuff like, diodes, capcitors, etc that they have huge margins on just don't sell anymore. Was a guy named Randy the District Manager when you worked there?
February 6, 201511 yr A great place to buy cool toys like remotely controlled cars. For a while they were only doing knock off remote control cars, they would not buy branded goods. They missed some reaslly cool items because they did not want to compete with the discounters on price.
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