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Wikipedia

RadioShack

February 15, 2024

This article is about the electronics retailer. For a radio communications room, see Radio shack.

RadioShack (formerly written as Radio Shack) is an American electronics retailer founded in 1921. It was established as an amateur radio mail-order business centered in Boston, Massachusetts. Its parent company, Radio Shack Corporation, was purchased by Tandy Corporation in 1962, shifting its focus from radio equipment to hobbyist electronic components. At its peak in 1999, Tandy operated over 8,000 RadioShack stores in the United States, Mexico, the United Kingdom, Australia, and Canada.

RadioShack
Logo used from 2013 to 2015 and since 2023
The exterior of a typical free-standing RadioShack store in Texarkana, Texas (2006)
RadioShack
FormerlyRadio Shack Corporation (1921–1962)
Tandy Corporation (1962–2000)
RadioShack Corporation (2000–2015)
General Wireless Operations Inc. (2015–2020)
IndustryE-commerce, retail
PredecessorsHinckley-Tandy Leather Company, Tandy Corporation, RadioShack Corporation, General Wireless Operations Inc.
Founded1921; 103 years ago (1921)
Boston, Massachusetts, US
FoundersTheodore and Milton Deutschmann
HeadquartersFort Worth, Texas, US
Number of locations
Approximately 400 authorized dealers in the US[a]
Various international locations
Area served
United States
Key people
Alex Mehr (CEO)[2]
ProductsConsumer electronics
ParentGeneral Wireless IP Holdings LLC (2015–2020)
Retail ECommerce Ventures (2020–2023)
Unicomer Group (2023–present)
Websiteradioshack.com

The 21st century proved to be a period of long decline. In February 2015, after years of management crises, poor worker relations, diminished revenue, and 11 consecutive quarterly losses, RadioShack was delisted from the New York Stock Exchange and subsequently filed for Chapter 11 bankruptcy.[3][4] In May 2015, the company's assets, including the RadioShack brand name and related intellectual property, were purchased by General Wireless, a subsidiary of Standard General, for US$26.2 million.[5]

In March 2017, General Wireless and subsidiaries filed for bankruptcy, claiming that a store-within-a-store partnership with Sprint was not as profitable as expected.[6] As a result, RadioShack shuttered several company-owned stores[7][8] and announced plans to shift its business primarily online.[9]

RadioShack was acquired by Retail Ecommerce Ventures, a holding company owned by Alex Mehr and self-help influencer Tai Lopez, in November 2020.[10] Currently, RadioShack operates primarily as an e-commerce website with a network of independently owned and franchised RadioShack stores, as well as a supplier of parts for HobbyTown USA.[11] On March 2, 2023, Retail Ecommerce Ventures announced that it was mulling a possible bankruptcy filing.[12] In May 2023 RadioShack was purchased by Unicomer Group, a company based in El Salvador. Unicomer Group is one of the largest franchisors of RadioShack, with stores based in El Salvador, Central America, South America, and the Caribbean.[13]

History edit

The first 40 years edit

The company was started as Radio Shack in 1921 by two brothers, Theodore and Milton Deutschmann, who wanted to provide equipment for the new field of amateur radio (also known as ham radio). The brothers opened a one-store retail and mail-order operation in the heart of downtown Boston at 46 Brattle Street. They chose the name "Radio Shack", which was the term for a small, wooden structure that housed a ship's radio equipment. The Deutschmanns thought the name was appropriate for a store that would supply the needs of radio officers aboard ships, as well as hams (amateur radio operators). The idea for the name came from an employee, Bill Halligan,[citation needed] who went on to form the Hallicrafters company. The term was already in use — and is to this day — by hams when referring to the location of their stations.[14]

The company issued its first catalog in 1939[15] as it entered the high-fidelity music market. In 1954, Radio Shack began selling its own private-label products under the brand name Realist, changing the brand name to Realistic after being sued by Stereo Realist.

During the period the chain was based in Boston, it was commonly referred to disparagingly by its customers as "Nagasaki Hardware",[16][17][18], as much of the merchandise was sourced from Japan, then perceived as a source of low-quality, inexpensive parts.

In 1959, the store moved its headquarters to 730 Commonwealth Avenue in Boston (across the street from Boston University's Marsh Chapel), with ambitious plans for further expansion.[19]: 234  After expanding to nine stores plus an extensive mail-order business,[20] the company fell on hard times in the early 1960s.[21][22][23][24]

Tandy Corporation edit

Main article: Tandy Corporation
 
Former RadioShack logo (1974–1994)

Tandy Corporation, a leather goods corporation, was looking for other hobbyist-related businesses into which it could expand. Charles D. Tandy saw the potential of Radio Shack and retail consumer electronics, purchasing the company in 1962 for US$300,000.[25] At the time of the Tandy Radio Shack & Leather 1962 acquisition,[26] the Radio Shack chain was nearly bankrupt.[27]

Tandy's strategy was to appeal to hobbyists. It created small stores that were staffed by people who knew electronics, and sold mainly private brands.[28] Tandy closed Radio Shack's unprofitable mail-order business, ended credit purchases and eliminated many top management positions, keeping the salespeople, merchandisers and advertisers. The number of items carried was cut from 40,000 to 2,500, as Tandy sought to "identify the 20% that represents 80% of the sales" and replace Radio Shack's handful of large stores with many "little holes in the wall", large numbers of rented locations which were easier to close and re-open elsewhere if one location didn't work out. Private-label brands from lower-cost manufacturers displaced name brands to raise Radio Shack profit margins;[citation needed] non-electronic lines from go-carts to musical instruments were abandoned entirely.[29][citation needed]

Customer data from the former RadioShack mail-order business determined where Tandy would locate new stores. As an incentive for them to work long hours and remain profitable, store managers were required to take an ownership stake in their stores.[29] In markets too small to support a company-owned Radio Shack store, the chain relied on independent dealers who carried the products as a sideline.[30] Charles D. Tandy said "We’re not looking for the guy who wants to spend his entire paycheck on a sound system", instead seeking customers "looking to save money by buying cheaper goods and improving them through modifications and accessorizing", making it common among "nerds" and "kids aiming to excel at their science fairs".[28]

Charles D. Tandy, who had guided the firm through a period of growth in the 1960s and 1970s, died of a heart attack at age 60 in November 1978.[31]

In 1982, the breakup of the Bell System encouraged subscribers to own their own telephones instead of renting them from local phone companies; Radio Shack offered twenty models of home phones.[32]

Much of the Radio Shack line was manufactured in the company's own factories. By 1990/1991, Tandy was the world's biggest manufacturer of personal computers; its OEM manufacturing capacity was building hardware for Digital Equipment Corporation, GRiD, Olivetti, AST Computer, Panasonic, and others. The company manufactured everything from store fixtures to computer software to wire and cable, TV antennas, audio and videotape.[33] At one point, Radio Shack was the world's largest electronics chain.[34]

In June 1991, Tandy closed or restructured its 200 Radio Shack Computer Centers,[35] acquired Computer City, and attempted to shift its emphasis away from components and cables, toward mainstream consumer electronics.[36] Tandy sold its computer manufacturing to AST Research in 1993,[37] including the laptop computer Grid Systems Corporation which it had purchased in 1988.[38] It sold the Memorex consumer recording trademarks to a Hong Kong firm,[39] and divested most of its manufacturing divisions. House-brand products, which Radio Shack had long marked up heavily, were replaced with third-party brands already readily available from competitors. This reduced profit margins.[33]

In 1992, Tandy attempted to launch big-box electronics retailer Incredible Universe;[40] most of the seventeen stores never turned a profit. Its six profitable stores were sold to Fry's Electronics in 1996; the others were closed.[41] Other rebranding attempts included the launch or acquisition of chains including McDuff, Video Concepts and the Edge in Electronics;[40] these were larger stores which carried TVs, appliances and other lines.[42]

Tandy closed the McDuff stores and abandoned Incredible Universe in 1996, but continued to add new RadioShack stores.[43] By 1996, industrial parts suppliers were deploying e-commerce to sell a wide range of components online;[44] it would be another decade before RadioShack would sell parts from its website,[45] with a selection so limited that it was no rival to established industrial vendors with million-item specialised, centralised inventories.

In 1994, the company introduced a service known as "The Repair Shop at Radio Shack",[46] through which it provided inexpensive out-of-warranty repairs for more than 45 different brands of electronic equipment.[47] The company already had over one million parts in its extensive parts warehouses and 128 service centers throughout the US and Canada;[48] it hoped to leverage these to build customer relationships and increase store traffic. Len Roberts, president of the Radio Shack division since 1993, estimated that the new repair business could generate $500 million per year by 1999.[49]

"America's technology store" was abandoned for the "you've got questions, we've got answers" slogan in 1994.[50] In early summer 1995, the company changed its logo; "Radio Shack" was spelled in camel case as "RadioShack". In 1996, RadioShack successfully petitioned the US Federal Communications Commission to allocate frequencies for the Family Radio Service, a short-range walkie-talkie system that proved popular.[51]

Battery of the Month edit

From the 1960s until the early 1990s, Radio Shack promoted a "battery of the month" club; a free wallet-sized cardboard card offered one free Enercell per month in-store.[52] Like the free tube testing offered in-store in the early 1970s,[53] this small loss leader drew foot traffic. The cards also served as generic business cards for the salespeople.

Allied Radio edit

In 1970, Tandy Corporation bought Allied Radio Corporation (both retail and industrial divisions), merging the brands into Allied Radio Shack and closing duplicate locations. After a 1973 federal government review, the company sold off the few remaining Allied retail stores and resumed using the Radio Shack name. Allied Electronics, the firm's industrial component operation, continued as a Tandy division until it was sold to Spartan Manufacturing in 1981.[54][citation needed]

Flavoradio edit

 
Realistic Flavoradio

The longest-running product for Radio Shack was the AM-only Realistic Flavoradio, sold from 1972 to 2000, 28 years in three designs. This also made the Flavoradio the longest production run in radio history.[citation needed] It was originally released in five colors in the 1972 catalog: vanilla, chocolate, strawberry, avocado, and plum. For 1973, vanilla and chocolate were dropped (and thus are rare today[when?]) and replaced by lemon and orange. At some point two-tone models with white backs were offered but never appeared in catalogs; these are extremely rare today.

The original design had five transistors (model 166). A sixth was added in 1980 (model 166a). The case was redesigned for 1987, making it taller and thinner, and it came in red, blue, and black. The final model, 201a, came in 1996 and was designed around an integrated circuit. They were first made in Korea then Hong Kong and finally the Philippines. The Flavoradio carried the Realistic name until about 1996, when it switched to "Radio Shack", then finally "Optimus". When the Flavoradio was dropped from the catalog in 2001, it was the last AM-only radio on the market.[55]

CB radio edit

 
(From left to right) Realistic and RadioShack model TRC-222, both CB with 40 channels

The chain profited from the mass popularity of citizens band radio in the mid-1970s which, at its peak, represented nearly 30% of the chain's revenue.[56]

Home computers edit

In 1977, two years after the MITS Altair 8800, Radio Shack introduced the TRS-80, one of the first mass-produced personal computers.[57] This was a complete pre-assembled system at a time when many microcomputers were built from kits, backed by a nationwide retail chain when computer stores were in their infancy. Sales of the initial, primitive US$600 (equal to $2,898 today) TRS-80 exceeded all expectations despite its limited capabilities and high price.[58] This was followed by the TRS-80 Color Computer in 1980, designed to attach to a television. Tandy also inspired the Tandy Computer Whiz Kids (1982–1991), a comic-book duo of teen calculator enthusiasts who teamed up with the likes of Archie and Superman.[59] Radio Shack's computer stores offered lessons to pre-teens as "Radio Shack Computer Camp" in the early 1980s.[60]

By September 1982, the company had more than 4,300 stores, and more than 2,000 independent franchises in towns not large enough for a company-owned store. The latter also sold third-party hardware and software for Tandy computers, but company-owned stores did not sell or even acknowledge the existence of non-Tandy products.[61] In the mid-1980s, Radio Shack began a transition from its proprietary 8-bit computers to its proprietary IBM PC compatible Tandy computers, removing the "Radio Shack" name from the product in an attempt to shake off the long-running nicknames "Radio Scrap"[62] and "Trash 80"[63] to make the product appeal to business users. Poor compatibility, shrinking margins and a lack of economies of scale led Radio Shack to exit the computer-manufacturing market in the 1990s after losing much of the desktop PC market to newer, price-competitive rivals like Dell.[40] Tandy acquired the Computer City chain in 1991, and sold the stores to CompUSA in 1998.

In 1994, RadioShack began selling IBM's Aptiva line of home computers.[64] This partnership would last until 1998, when RadioShack partnered with Compaq and created 'The Creative Learning Center' as a store-within-a-store to promote desktop PCs.[65] Similar promotions were tried with 'The Sprint Store at RadioShack' (mobile telephones), 'RCA Digital Entertainment Center' (home audio and video products), and 'PowerZone' (RadioShack's line of battery products, power supplies, and surge protectors).[66]

RadioShack Corporation edit

 
1996–2013 logo, still used in many of the locations that were RadioShack before they closed. This logo is similar to the logo they used from 2013 to 2017.

In the mid-1990s, the company attempted to move out of small components and into more mainstream consumer markets, focusing on marketing wireless phones. This placed the chain, long accustomed to charging wide margins on specialized products not readily available from other local retailers, into direct competition against vendors such as Best Buy and Walmart.[67]

In May 2000, the company dropped the Tandy name altogether, becoming RadioShack Corporation.[68] The leather operating assets were sold to The Leather Factory on November 30, 2000;[69] that business remains profitable.[70]

House brands Realistic and Optimus were discontinued. In 1999, the company agreed to carry RCA products in a five-year agreement for a "RCA Digital Entertainment Center" store-within-a-store.[71][72] When the RCA contract ended, RadioShack introduced its own Presidian and Accurian brands, reviving the Optimus brand in 2005 for some low-end products. Enercell, a house brand for dry cell batteries, remained in use until approximately 2014.

 
RadioShack tape recorder

Most of the RadioShack house brands had been dropped when Tandy divested its manufacturing facilities in the early 1990s; the original list included: Realistic (stereo, hi-fi and radio), Archer (antenna rotors and boosters), Micronta (test equipment), Tandy (computers), TRS-80 (proprietary computer), ScienceFair (kits), DuoFone (landline telephony), Concertmate (music synthesizer), Enercell (cells and batteries), Road Patrol (radar detectors, bicycle radios), Patrolman (Realistic radio scanner), Deskmate (software), KitchenMate, Stereo Shack, Supertape (recording tape), Mach One, Optimus (speakers and turntables), Flavoradio (pocket AM radios in various colours), Weatheradio, Portavision (small televisions) and Minimus (speakers).

In 2000, RadioShack was one of multiple backers of the CueCat barcode reader, which soon turned out to be a marketing failure. The company had invested US$35 million in the concept,[73] including printing the barcodes throughout its catalogs, and distributing CueCat devices to customers at no charge.[74][75]

The last annual RadioShack printed catalogs were distributed to the public in 2003.[76]

Until 2004, RadioShack routinely asked for the name and address of purchasers so they could be added to mailing lists. Name and mailing address were requested for special orders (RadioShack Unlimited parts and accessories, Direc2U items not stocked locally), returns, check payments, RadioShack Answers Plus credit card applications, service plan purchases and carrier activations of cellular telephones.

On December 20, 2005, RadioShack announced the sale of its newly built riverfront Fort Worth, Texas headquarters building to German-based KanAm Grund; the property was leased back to RadioShack for 20 years. In 2008, RadioShack assigned this lease to the Tarrant County College District (TCC), remaining in 400,000 square feet (37,000 m2) of the space as its headquarters.[77]

In 2005, RadioShack parted with Verizon for a 10-year agreement with Cingular (later AT&T) and renegotiated its 11-year agreement with Sprint.[78] In July 2011, RadioShack ended its wireless partnership with T-Mobile, replacing it with the "Verizon Wireless Store" within a store.[79] 2005 under the leadership of Jim Hamilton, marked a banner year for wireless. RadioShack sold more mobile phones than Walmart, Circuit City and Best Buy combined.[citation needed]

RadioShack had not made products under the Realistic name since the early 1990s. Support for many of Radio Shack's traditional product lines, including amateur radio, had ended by 2006.[80] A handful of small-town franchise dealers used their ability to carry non-RadioShack merchandise to bring in parts from outside sources, but these represented a minority.[81]

PointMobl and "The Shack" edit

In mid-December 2008, RadioShack opened three concept stores under the name "PointMobl" to sell wireless phones and service, netbooks, iPod and GPS navigation devices. The three Texas stores (Dallas, Highland Village and Allen) were furnished with white fixtures like those in the remodelled wireless departments of individual RadioShack stores, but there was no communicated relationship to RadioShack itself. Had the test proved successful, RadioShack could have moved to convert existing RadioShack locations into PointMobl stores in certain markets.[82]

While some PointMobl products, such as car power adapters and phone cases, were carried as store-brand products in RadioShack stores, the stand-alone PointMobl stores were closed and the concept abandoned in March 2011.

In August 2009, RadioShack rebranded itself as "The Shack".[83] The campaign increased sales of mobile products, but at the expense of its core components business.[84]

RadioShack aggressively promoted Dish Network subscriptions.[85][86]

In November 2012, RadioShack introduced Amazon Locker parcel pick-up services at its stores, only to dump the program in September 2013.[87] In 2013, the chain made token attempts to regain the do it yourself market, including a new "Do It Together" slogan.[88]

Long-time staff observed a slow and gradual shift away from electronic parts and customer service and toward promotion of wireless sales and add-ons; the pressure to sell gradually increased, while the focus on training and product knowledge decreased. Morale was abysmal; longtime employees who were paid bonus and retirement in stock options saw the value of these instruments fade away.[89]

Financial decline edit

In 1998, RadioShack called itself the single largest seller of consumer telecommunications products in the world; its stock reached its peak a year later.[90]

InterTAN, a former Tandy subsidiary, sold the Tandy UK stores in 1999 and the Australian stores in 2001. InterTAN was sold (with its Canadian stores) to rival Circuit City in 2004. The RadioShack brand remained in use in the United States, but the 21st century proved a period of long decline for the chain, which was slow to respond to key trends— such as e-commerce, the entry of competitors like Best Buy and Amazon.com, and the growth of the maker movement.[45]

By 2011, smartphone sales, rather than general electronics, accounted for half of the chain's revenue.[91] The traditional RadioShack clientele of do-it-yourself tinkerers were increasingly sidelined. Electronic parts formerly stocked in stores were now mostly only available through on-line special order. Store employees concentrated efforts selling profitable mobile contracts, while other customers seeking assistance were neglected and left the stores in frustration.[92]

Demand for consumer electronics was also increasingly being weakened by consumers buying the items online.[93]

2004: "Fix 1500" initiative edit

In early 2004, RadioShack introduced Fix 1500, a sweeping program to "correct" inventory and profitability issues company-wide. The program put the 1,500 lowest-graded store managers, of over 5,000, on notice of the need to improve. Managers were graded not on tangible store and personnel data but on one-on-one interviews with district management.[94]

Typically, a 90-day period was given for the manager to improve (thus causing another manager to then be selected for Fix 1500). A total of 1,734 store managers were reassigned as sales associates or terminated in a 6-month period.[90] Also, during this period, RadioShack cancelled the employee stock purchase plan. By the first quarter of 2005, the metrics of skill assessment used during Fix 1500 had already been discarded, and the corporate officer who created the program had resigned.[citation needed]

In 2004, RadioShack was the target of a class-action lawsuit in which more than 3,300 current or former RadioShack managers alleged the company required them to work long hours without overtime pay.[95] In an attempt to suppress the news, the company launched a successful strategic lawsuit against public participation against Bradley D. Jones, the webmaster of RadioShackSucks.com and a former RadioShack dealer for 17 years.[75]

2006: Management problems edit

On February 20, 2006, CEO David Edmondson admitted to "misstatements" on his curriculum vitae and resigned[96] after the Fort Worth Star-Telegram debunked his claim to degrees in theology and psychology from Heartland Baptist Bible College.[97]

Chief operating officer Claire Babrowski briefly took over as CEO and president. A 31-year veteran of McDonald's Corporation, where she had been vice president and Chief Restaurant Operations Officer, Babrowski had joined RadioShack several months prior. She left the company in August 2006, later becoming CEO and Executive Vice President of Toys "R" Us.[98]

RadioShack's board of directors appointed Julian C. Day as chairman and chief executive officer on July 7, 2006. Day had financial experience and had played a key role in revitalizing such companies as Safeway, Sears and Kmart but lacked any practical front-line sales experience needed to run a retail company. The Consumerist named him one of the "10 Crappiest CEOs" of 2009 (among consumer-facing companies, according to their own employees).[99] He resigned in May 2011.[100][101][102]

RadioShack Chief Financial Officer James Gooch succeeded Day as CEO in 2011, but "agreed to step down" 16 months later following a 73% plunge in the price of the stock.[103] On February 11, 2013, RadioShack Corp. hired Joseph C. Magnacca from Walgreens, because he had experience in retail.[104]

2006: Corporate layoffs and new strategy edit

In the spring of 2006, RadioShack announced a strategy to increase average unit volume, lower overhead costs, and grow profitable square footage. In early to mid-2006, RadioShack closed nearly 500 locations. It was determined that some stores were too close to each other, causing them to compete with one another for the same customers. Most of the stores closed in 2006 brought in less than US$350,000 in revenue each year.

Despite these actions, stock prices plummeted within what was otherwise a booming market. On August 10, 2006, RadioShack announced plans to eliminate a fifth of its company headquarters workforce to reduce overhead expense, improving its long-term competitive position while supporting a significantly smaller number of stores.[105] On Tuesday, August 29, the affected workers received an e-mail: "The work force reduction notification is currently in progress. Unfortunately your position is one that has been eliminated."[106][107] Four hundred and three workers were given 30 minutes to collect their personal effects, say their goodbyes to co-workers and then attend a meeting with their senior supervisors. Instead of issuing severance payments immediately, the company withheld them to ensure that company-issued BlackBerrys, laptops and cellphones were returned.[108] This move drew immediate widespread public criticism for its lack of sensitivity.[109]

2009: Customer relations problems edit

RadioShack and the Better Business Bureau of Fort Worth, Texas, met on April 23, 2009, to discuss unanswered and unresolved complaints. The company implemented a plan of action to address existing and future customer service issues. Stores were directed to post a sign with the district manager's name, the question "How Are We Doing?" and a direct toll-free number to the individual district office for their area. RadioShackHelp.com was created as another portal for customers to resolve their issues through the Internet. As of 2012, the BBB had upgraded RadioShack from an "F" to an "A" rating; this was changed to "no rating" after the 2015 bankruptcy filing.[110]

According to an experience ratings report published by Temkin Group, an independent research firm, RadioShack was ranked as the retailer with the worst overall customer experience; it maintained this position for six consecutive years.[111]

2012–2014: Financial distress edit

From 2000 to 2011, RadioShack spent US$2.6 billion repurchasing its own stock in an attempt to prop up a share price which fell from US$24.33 to US$2.53; the buyback and the stock dividend were suspended in 2012 to conserve cash and reduce debt as the company continued to lose money.[112] Company stock had declined 81 percent since 2010 and was trading well below book value.[90] The stock reached an all-time low on April 14, 2012.[113][114] In September 2012, RadioShack's head office laid off 130 workers after a US$21 million quarterly loss.[115] Layoffs continued in August 2013; headquarters employment dropped from more than 2,000 before the 2006 layoffs to slightly fewer than 1,000 in late 2013.[116] At the end of 2013, the chain owned 4,297 US stores.[117]

The company had received a US$250,000,000 cash infusion in 2013 from Salus Capital Partners and Cerberus Capital Management.[118] This debt carried onerous conditions, preventing RadioShack from gaining control over costs by limiting store closures to 200 per year[119] and restricting the company's refinancing efforts. With too many underperforming stores remaining open, the chain continued to spiral toward bankruptcy.[120]

On March 4, 2014, the company announced a net trading loss for 2013 of US$400.2 million, well above the 2012 loss of US$139.4 million,[121] and proposed a restructuring[122] which would close 1,100 lower-performing stores,[123] almost 20% of its US locations.[124] On May 9, 2014, the company reported that creditors had prevented it from carrying out those closures,[125] with one lender presuming fewer stores would mean fewer assets to secure the loan and reduce any recovery it would get in a bankruptcy reorganization.[126]

On June 10, 2014, RadioShack said that it had enough cash to last 12 months, but that lasting a year depended on sales growing.[127] Sales had fallen for nine straight quarters,[128] and by year's end the company realized a loss in "each of its 10 latest quarters".[118] On June 20, 2014, RadioShack's stock price fell below US$1,[129] triggering a July 25 warning from the New York Stock Exchange that it could be delisted for failure to maintain a stock price above $1.[130] On July 28, 2014, Mergermarket's Debtwire reported RadioShack was discussing Chapter 11 bankruptcy protection as an option.[131]

On September 11, 2014, RadioShack admitted it might have to file for bankruptcy, and would be unable to finance its operations "beyond the very near term" unless the company was sold, restructured, or received a major cash infusion.[132] On September 15, 2014, RadioShack replaced its CFO with a bankruptcy specialist.[133] On October 3, RadioShack announced an out-of-court restructuring, a 4:1 dilution of shares, and a rights issue priced at 40 cents a share.[134][135] RadioShack's stock (NYSE: RSH) was halted on the New York exchange for the entire day.[136][137] Despite the debt restructuring proposal, in December Salus and Cerberus informed RadioShack that it was in default of the US$250,000,000 they had provided as a cash infusion in 2013.[118]

At the end of October 2014, quarterly figures indicated RadioShack was losing US$1.1 million per day.[138] A November 2014 attempt to keep the stores open from 8AM to midnight on Thanksgiving Day drew a sharp backlash from employees and a few resignations;[139][140] comparable store sales for the three days (Thursday-Saturday) were 1% lower than the prior year, when the stores were open for two of the days.[141] The company's problems maintaining inventories of big-ticket items, such as Apple's iPhone 6, further cut into sales.[142]

By December 2014, RadioShack was being sued by former employees for having encouraged them to invest 401(k) retirement savings in company stock, alleging a breach of fiduciary duties to "prudently" handle the retirement fund which caused "devastating losses" in the retirement plans as the stock dropped from US$13 in 2011 to 38 cents at the end of 2014.[143] These claims were dismissed by the Fifth U.S. Circuit Court of Appeals in 2018.[144][145]

2015: US Bankruptcy edit

"RadioShack died years ago; we're only now holding the funeral. Good active managers have avoided RadioShack for a long time."
  - Gershon Distenfeld, Director, AllianceBernstein[146]

On January 15, 2015, The Wall Street Journal reported RadioShack had delayed rent payments to some commercial landlords[147] and was preparing a bankruptcy filing that could come as early as February. Officials of the company declined to comment on the report.[148] A separate report by Bloomberg claimed the company might sell leases to as many as half its stores to Sprint.[149]

On February 2, 2015, the company was delisted from the New York Stock Exchange after its average market capitalization remained below US$50 million for longer than thirty consecutive days.[150][151] That same day, Bloomberg News reported RadioShack was in talks to sell half of its stores to Sprint and close the rest, which would effectively render RadioShack no longer a stand-alone retailer.[152] Amazon.com and Brookstone were also mentioned to be potential bidders, the former having at the time been wanting to establish a brick and mortar presence.[153] On February 3, RadioShack defaulted on its loan from Salus Capital.[154]

 
The effects of a liquidation sale at this typical RadioShack outlet in Miami, Florida (2016)

On the days following these reports, some employees were instructed to reduce prices and transfer inventory out of stores designated for closing to those that would remain open during the presumed upcoming bankruptcy proceedings,[155] while the rest remained "in the dark" as to the company's future.[156] Many stores had already closed abruptly on Sunday, February 1, 2015, the first day of the company's fiscal year, with employees only given a few hours advance notice. Some had been open with a skeleton crew, little inventory and reduced hours only because the Salus Capital loan terms limited the chain to 200 store closures a year.[157] A creditor group alleged the chain had remained on life support instead of shutting down earlier and cutting its losses merely so that Standard General could avoid paying on credit default swaps which expired on December 20, 2014.[158]

On February 5, 2015, RadioShack announced that it had filed for Chapter 11 bankruptcy protection.[4] Using bankruptcy to end contractual restrictions that had required it keep unprofitable stores open, the company immediately published a list of 1784 stores which it intended to close,[159][160] a process it wished to complete by the month's end to avoid an estimated US$7 million in March rent.[161]

Customers had initially been given until March 6, 2015, to return merchandise or redeem unused gift cards.[162][163][164] However, after legal pressure from the Attorneys General of several states,[165][166] RadioShack ultimately agreed to reimburse customers for the value of unused gift cards.[167]

On March 31, 2015, the bankruptcy court approved a US$160 million offer by the Standard General affiliate General Wireless, gaining ownership of 1,743 RadioShack locations. As part of the deal, the company entered into a partnership with Sprint, in which the company would become a co-tenant at 1,435 RadioShack locations and establish store within a store areas devoted to selling its wireless brands, including Sprint, Boost Mobile and Virgin Mobile. The stores would collect commissions on the sale of Sprint products, and Sprint would assist in promotion. Sprint stated that this arrangement would increase the company's retail footprint by more than double; the company previously had around 1,100 company-owned retail outlets, in comparison to the over 2,000 run by AT&T Mobility. Although they would be treated as a co-tenant, the Sprint branding would be more prominent in promotion and exterior signage than that of RadioShack. The acquisition did not include rights to RadioShack's intellectual property (such as its trademarks), rights to RadioShack's franchised locations, and customer records, which were to be sold separately.[168][169][170][171]

RadioShack was criticized for including the personally identifying information of 67 million of its customers as part of its assets for sale during the proceedings, despite its long-standing policy and a promise to customers that data would never be sold for any reason at any time.[172] The Federal Trade Commission and the Attorneys General of 38 states fought against this proposal. The sale of this data was ultimately approved, albeit greatly reduced from what was initially proposed.

General Wireless Operations, Inc. edit

Standard General acquired the RadioShack brand after RadioShack Corporation filed for bankruptcy in 2015. It formed the affiliate, General Wireless Operations, to act as the new parent company for the brand. This new RadioShack focused on its partnership with Sprint in the hopes of carrying on the brand.

Re-branded stores soft launched on April 10, 2015, with a preliminary conversion of the stores' existing wireless departments to exclusively house Sprint brands, with all stores eventually to be renovated in waves to allocate larger spaces for Sprint.[170][173] In May 2015, the acquisition of the "RadioShack" name and its assets by General Wireless for US$26.2 million was finalized.[174][175] Chief marketing officer Michael Tatelman emphasized that the company that emerged from the 2015 proceedings is an entirely new company, and went on to affirm that the old RadioShack did not re-emerge from bankruptcy, calling it "defunct".[176]

Less than one year after the bankruptcy events of 2015, Ron Garriques and Marty Amschler stepped down from their respective chief executive officer and chief financial officer positions; Garriques had held his position for nine months.[177][178][179]

2017: US Bankruptcy edit

It was speculated on March 2, 2017, that General Wireless was preparing to take RadioShack through its second bankruptcy in two years.[180] This was evidenced when dozens of corporate office employees were laid off and two hundred stores were planned to be shuttered,[181] and further evidenced when the RadioShack website began displaying "all sales final" banners for in-store purchases at all locations.

RadioShack's Chapter 11 bankruptcy was formally filed on March 8, 2017.[182] Of the then 1,300 remaining stores, several hundred were converted into Sprint-only locations.[183]

Despite declaring Chapter 11 bankruptcy (typically reserved for reorganization of debt) instead of Chapter 7 (liquidation), the company engaged in liquidation of all inventory, supplies, and store fixtures, as well as auctioning off old memorabilia.[9][184] On May 26, RadioShack announced plans to close all but 70 corporate stores and shift its business primarily to online. These stores closed after Memorial Day Weekend of 2017.[8] Of the remaining stores, 50 more closed by the end of June 2017.[185][186]

One particular store closing in April 2017 garnered widespread media attention when a Facebook account, calling itself "RadioShack - Reynoldsburg, Ohio", began lashing out at customers with messages such as "We closed. F—k all of you.", "Always hated all you pr—k customers anyway."[187] RadioShack addressed these posts on their official Facebook page denying any involvement.[188]

On June 29, 2017, RadioShack's creditors sued Sprint, claiming that it sabotaged its co-branded locations with newly built Sprint retail stores—which were constructed near well-performing RadioShack locations as determined by confidential sales information. The suit argued that Sprint's actions "destroyed nearly 6,000 RadioShack jobs".[189]

General Wireless announced plans on June 12, 2017, to auction off the RadioShack name and IP,[190] with bidding to begin on July 18. Bidding concluded on July 19, 2017, when one of RadioShack's creditors, Kensington Capital Holdings, obtained the RadioShack brand and other intellectual properties for US$15 million.[191] Kensington was the sole bidder.[192]

In October 2017, General Wireless officially exited bankruptcy and was allowed to retain the company's warehouse, e-commerce site, dealer network operations, and up to 28 stores.[193][194]

Post-bankruptcy edit

RadioShack began shrinking its headquarters operation in 2017. By September of that year, it had a staff of 50 and moved to RadioShack's distribution center on Terminal Road just north of the Fort Worth Stockyards.[195]

In late July 2018, RadioShack partnered up with HobbyTown USA to open up around 100 RadioShack "Express" stores.[196][197] HobbyTown owners select which RadioShack products to carry.[198]

RadioShack dealerships had re-opened around 500 stores by October 2018.[199] By November 2018, it had signed 77 of HobbyTown's 137 franchise stores.[196]

Retail Ecommerce Ventures (REV) edit

In November 2020, RadioShack's intellectual property and its remaining operations—about 400 independent authorized dealers, about 80 Hobbytown USA affiliate stores, and its online sales operation—were purchased by Retail Ecommerce Ventures (REV), a Florida-based company that had previously purchased defunct retailers Pier 1 Imports, Dress Barn, Modell's Sporting Goods, and Linens 'n Things, along with The Franklin Mint.[11]

In December 2021, REV announced they would use part of the brand name on a cryptocurrency platform called RadioShack DeFi (an abbreviation of decentralized finance). The platform would allow customers to exchange and freely swap existing cryptocurrency tokens for a token called $RADIO through the new platform.[200]

The Twitter account for RadioShack gained notoriety in June 2022 when it began posting tweets with not safe for work content in an effort to attract attention towards its cryptocurrency platform, then renamed RadioShack Swap.[201][202] The strategy, directed by chief marketing officer Ábel Czupor,[201] received a mixed reaction among dealers; HobbyTown USA subsequently terminated its relationship with RadioShack in response to customer confusion surrounding the posts.[202][203]

Corporate headquarters edit

In the 1970s RadioShack had a new headquarters "Tandy Towers" built in downtown Fort Worth on Throckmorton Street. In 2001, RadioShack bought the former Ripley Arnold public housing complex in Downtown Fort Worth along the Trinity River for US$20 million. The company razed the complex and had a 900,000-square-foot (84,000 m2) corporate headquarters campus built, after the City of Fort Worth approved a 30-year economic agreement to ensure that the company stayed in Fort Worth. RadioShack moved into the campus in 2005.

In 2009, with two years left on a rent-free lease of the building, the Fort Worth Star-Telegram reported that the company was considering a new site for its headquarters.[204] The Tampa Bay Business Journal reported rumors among Tampa Bay Area real estate brokers and developers that RadioShack might select Tampa as the site of its headquarters.[205]

In 2010, however, RadioShack announced efforts to remain at its current site.[206] The headquarters was ultimately reduced to a small group after the second bankruptcy filing.[184] In September 2017, what was left of RadioShack (about 50 people) left the downtown location, moving to a warehouse on Terminal Road just north of "The Stockyards".[207] The campus was at first shared with the Tarrant County College as its Trinity River Campus, and has now been taken over by it in full.[citation needed]

Non-US operations edit

Intertan Inc. edit

Main article: InterTAN

In 1986, Tandy Corp. announced it would create a spinoff of its international retail operations, called Intertan Inc. The new company would take over operations of over 2,000 international company-owned and franchised stores, while Tandy retained its 7,253 domestic outlets and 30 of its manufacturing facilities.[208] Intertan had two main units, Tandy Electronics Ltd., which operated in Canada, the UK, France, Belgium, West Germany, and the Netherlands; and Tandy Australia Ltd., which operated in Australia.[209]

At the end of 1989, there were 1,417 stores operated by Intertan under the Tandy or Radio Shack names.[210] Intertan operated Tandy or Radio Shack stores in the UK until 1999 and Australia until 2001.[211] RadioShack branded merchandise accounted for 9.5% of InterTAN's inventory purchases in its 2002–2003 fiscal year, the last complete year before the Circuit City acquisition, and later disappeared from stores entirely.[212]

Canada edit

See also: The Source (retailer)

Following the creation of Intertan, Tandy Electronics operated 873 stores in Canada,[208] and owned the rights to the RadioShack name.[213] In 2004, Circuit City, a competitor of Radio Shack purchased Intertan, which held the rights to use the RadioShack name in Canada until 2010. Radio Shack Corp., which operated Radio Shack stores in the US, sued Intertan in an attempt to end the contract for the company name early. On March 24, 2005, a US district court judge ruled in favour of RadioShack,[214] requiring InterTAN stop using the brand name in products, packaging or advertising by June 30, 2005. The Canadian stores were rebranded under the name The Source by Circuit City.[215] Radio Shack briefly re-entered the Canadian market,[216] but eventually closed all stores to refocus attention on its core US business.[217] The Source was acquired by Bell Canada in 2009.

Asia edit

In March 2012, Malaysian company Berjaya Retail Berhad, entered into a franchising agreement with Radio Shack.[218] Later that year, the company announced a second franchising deal with Chinese company, Cybermart.[219]

Berjaya had six stores in Malaysia before it quietly ceased operations in 2017.[220]

Mexico edit

RadioShack de México S.A. de C.V.
 
Amamos la technología
 
RadioShack store in the Macroplaza shopping mall in Tijuana, Mexico (2019)
RadioShack
Company typeSubsidiary
IndustryE-commerce, retail
Founded1986; 38 years ago (1986)
Mexico City, Mexico
HeadquartersMexico City, Mexico
Number of locations
225 (all company owned)
Area served
Mexico
ProductsConsumer electronics
ParentGrupo Gigante (2015–present)
Websitewww.radioshack.com.mx

In 1986, Grupo Gigante signed a deal with Tandy Corporation to operate Radio Shack branded stores in Mexico. After growing their electronics chain within Mexico to 24 stores, Grupo Gigante signed a new deal with Tandy in 1992 to form a new joint ventured called Radio Shack de México

 
RadioShack store in a shopping mall in Puerto Vallarta, Mexico (2005)

in which both companies had an equal share. As part of the deal, Grupo Gigante transferred their electronics stores to Radio Shack de México.[221]

In 2008, Grupo Gigante separated from Radio Shack, (then renamed Radio Shack Corporation) and sold its share of the joint venture to Radio Shack Corp. for $42.3 million.[222]

In June 2015, Grupo Gigante repurchased 100 percent of RadioShack de Mexico, including stores, warehouses, and all related brand names and intellectual properties for use within Mexico, from the US Bankruptcy Court in Delaware for US$31.5 million. The chain had 247 stores in Mexico at the time of the sale.[223][224][225][226] Following the sale, all Radio Shack stores, warehouses, brands, assets, and related trademarks in Mexico are currently owned by RadioShack de México S.A. de C.V., a subsidiary of Grupo Gigante.[223][224]

A major Mexican news magazine had reported in March 2015 that Grupo Gigante actually purchased 100% of the stock in RadioShack de México from RadioShack Corporation for US$31.8 million, two months prior to the bankruptcy filing, but had only had to hand over US$11.8 million to RadioShack Corp. for also assuming approximately US$20 million in debt liabilities.[227]

While Radio Shack was facing a second bankruptcy in the United States, Grupo Gigante announced in October 2017 that they planned to expand the Radio Shack brand within Mexico by opening eight more stores.[228]

Latin America & the Caribbean edit

RadioShack (Unicomer)
 
RadioShack
Company typeSubsidiary
IndustryE-commerce, retail
PredecessorRadioShack Corporation
FoundedJanuary 1998; 26 years ago (1998-01)
El Salvador
HeadquartersSan Salvador, El Salvador
Number of locations
60 (company owned)
245 (franchised)
Area served
Central America, South America, Caribbean
ProductsConsumer electronics
ParentGrupo Unicomer
Websiteradioshackla.com
 
RadioShack store in Trinidad (2017), showing the slightly different logo used by Unicomer

When Radio Shack Corporation filed for bankruptcy the first time in 2015, the Unicomer Group (Grupo Unicomer) purchased the Radio Shack brand from the bankruptcy court for its exclusive use in Latin America and the Caribbean, except Mexico.[229][230] Unicomer, through its corporate parent Regal Forest Holding Co. Ltd., paid $5 million for the brand.[231]

The company's relationship with Radio Shack dated back to 1998, when Unicomer opened its first Radio Shack franchise store in El Salvador. It later expanded into Honduras, Guatemala, and Nicaragua. By January 2015, Unicomer had 57 Radio Shack stores distributed throughout four countries within Central America.[230]

In April 2015, Unicomer began receiving franchise payments from franchises in several countries that Unicomer had not previously had a business presence in.[230] It expanded into Trinidad in 2016,[232] Jamaica in 2017,[229][233] Barbados in 2017,[234] and Guyana in 2017.[235]

By the end of 2017, Unicomer had company-owned stores located in the countries of Barbados, El Salvador, Guatemala, Guyana, Honduras, Jamaica, Nicaragua, and Trinidad while receiving franchise payments from independent franchised stores located in the countries of Antigua, Aruba, Costa Rica, Paraguay and Peru in which Unicomer did not have a business presence in.[230] Since 2014, the independent company Coolbox is an authorized dealer for RadioShack products in Peru.[236]

In April 2018, the RadioShack brand returned to Bolivia when franchisee Cosworld Trading opened two franchised stores for Unicomer in the capital city of La Paz.[237] The previous RadioShack stores had closed in 2015 as a result of RadioShack first bankruptcy filing.[237]

Middle East edit

Radio Shack Egypt
 
RadioShack
Company typeSubsidiary
IndustryE-commerce, retail
PredecessorRadioShack Corporation
Founded1998; 26 years ago (1998)
Nasr City, Egypt
HeadquartersGiza, Egypt
Number of locations
65 (company owned)
15 (franchised)
Area served
Egypt
ProductsConsumer electronics
ParentDelta RS for Trading
Websiteradioshack.com.eg

When Radio Shack filed for bankruptcy the first time in 2015, the Egypt-based Delta RS for Trading purchased the Radio Shack brand from the bankruptcy court for its exclusive use in Middle East and North Africa for $US5 million.[238]

Delta RS for Trading, as Radio Shack Egypt, had opened its first Radio Shack franchised store in 1998 in Nasr City. By March 2003, Radio Shack Egypt had 65 company-operated stores plus 15 sub-franchised stores.[239] In 2017, the Egyptian government accused Radio Shack Egypt and its parent Delta RS in aiding the Muslim Brotherhood.[240][241]

Other operations edit

Corporate citizenship edit

In 2006, RadioShack supported the National Center for Missing & Exploited Children by providing store presence for the StreetSentz program, a child identification and educational kit offered to families without charge.[242] RadioShack supported United Way of America Charities to assist their Oklahoma and Texas relief efforts after the 2013 Moore tornado. RadioShack's green initiative promotes the Rechargeable Battery Recycling Corporation, which accepts end-of-life rechargeable batteries and wireless phones dropped off in-store to be safely recycled.[243]

Other retailer partnerships edit

In August 2001, RadioShack opened kiosk-style stores inside Blockbuster outlets, only to abandon the project in February 2002; CEO Len Roberts announced that the stores did not meet expectations.[244]

RadioShack operated wireless kiosks within 417 Sam's Club discount warehouses from 2004 to 2011. The kiosk operations, purchased from Arizona-based Wireless Retail Inc,[245] operated as a subsidiary, SC Kiosks Inc., with employees contracted through RadioShack Corporation. No RadioShack-branded merchandise was sold. The kiosks closed in 2011, costing RadioShack an estimated US$10–15 million in 2011 operating income.[246]

RadioShack then attempted a joint venture with Target to deploy mobile telephone kiosks in 1,490 Target stores by April 2011.[247][248] In April 2013, RadioShack's partnership with Target ended and the Target Mobile in-store kiosks were turned over to a new partnership with Brightstar and MarketSource.[249]

No-contract wireless edit

Main article: Cricket Wireless § Partnership with RadioShack

On September 5, 2012, RadioShack in a partnership with Cricket Wireless, began offering its own branded no-contract wireless services using Cricket and Sprint's nationwide networks. The service was discontinued on August 7, 2014; clients who had already purchased the service from RadioShack continue to receive service from Cricket Wireless.[250]

Cycling team sponsorship edit

Main article: Team RadioShack

In 2009, the company became the main sponsor of a new cycling team, Team RadioShack, with Lance Armstrong and Johan Bruyneel.[251] RadioShack featured Armstrong in a number of television commercials and advertising campaigns.[252][253] RadioShack came under fire for having Armstrong as a spokesperson in 2011, when allegations that the cyclist had used performance-enhancing drugs surfaced.[254]

Lawsuits and litigation edit

In April 2004, AutoZone brought suit against RadioShack for using the name PowerZone to promote a section of its retail stores, citing trademark infringement. The lawsuit was dropped in June the same year due to lack of evidence.[255]

In June 2011, a customer sued Sprint and RadioShack after finding pornography on their newly purchased cell phones.[256]

In 2012, a Denver jury awarded $674,938 to David Nelson, age 55 (as of 2007), a 25-year RadioShack employee who had been fired by his supervisor in retaliation after complaining about age discrimination.[257]

In 2013, a federal jury awarded over $1 million in an age discrimination suit to a 54-year-old, longtime RadioShack store manager who was fired in 2010 from the San Francisco store he had managed since 1998.[258]

A 2013 class action judgement found that RadioShack had violated privacy requirements between August 24, 2010, and November 21, 2011, by printing the expiration date of clients' credit or debit cards on store receipts.[259]

A July 2014 ruling in Verderame v. RadioShack Corp., 13-02539 in the US District Court, Eastern District of Pennsylvania (Philadelphia) found that RadioShack owed its store managers a possible US$5.8 million for unpaid overtime in the state.[260]

In popular culture edit

  • A "Radio Shock" store (owned by the "Tandy Corporation") appeared in the original 1991 release of Space Quest IV, displaced by "Hz. So Good" in later editions because of threats of legal action by Tandy.[261]
  • Radio Shack is featured prominently in Short Circuit 2, which serves as a "clinic" for Johnny 5 while he repairs himself after being assaulted by thieves.[262]
  • Radio Shack is mentioned and briefly featured on the pilot episode of Young Sheldon.[263] Visits to RadioShack are a frequent plot point in the Young Sheldon series, building off allusions to childhood visits made by the character Sheldon Cooper in its parent series, The Big Bang Theory. The family returns to the Radio Shack store in a later episode, where his mother purchases him a Tandy 1000.
  • RadioShack appears in the second season of the Netflix series Stranger Things as the workplace of Bob Newby.[264] In one scene, an Armatron (a product actually sold at Radio Shack during that period) can be seen on a shelf above his head.
  • In the movie Ocean's Eleven, after Livingston asks an FBI agent to not touch his equipment by asking, "Do you see me grabbing the gun out of your holster and waving it around?", the agent retorts with "Hey 'Radio Shack', relax".[265]
  • In Kung Pow! Enter the Fist, Ling's mortally wounded father randomly asks The Chosen One to "let me know if you see a Radio Shack" as The Chosen One leads him in to a town in search of help.
  • In the movie Die Hard 2, An air traffic control engineer says "Yeah right, somebody wanna run down to Radio Shack and get a transmitter?"
  • In the television series The Sopranos, Tony breaks a phone and tells his son "Forgot to tell you I got a job at Radio Shack. Product testing. Giving that phone an F for durability."
  • American sportswriter and YouTuber Jon Bois worked at RadioShack sometime in the early to mid 2000s, later publishing multiple articles detailing his personal experiences as an employee.[266][267][268]
  • In 2002 film Clockstoppers, when Zak Gibbs asks; "Can you fix this?" (referring to his watch), Dr. Earl Dopler says; "Yeah. But we're gonna need some stuff you can't get at Radio Shack."

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  266. ^ Bois, Jon (November 26, 2014). "A eulogy for RadioShack, the panicked and half-dead retail empire". SBNation.com. Retrieved February 26, 2021.
  267. ^ Bois, Jon (November 5, 2020). "The ballpoint pen". SBNation.com. Retrieved February 26, 2021.
  268. ^ Bois, Jon (February 19, 2015). "The end of RadioShack, through the eyes of a store manager". SBNation.com. Retrieved February 26, 2021.

Notes edit

  1. ^ Down from a peak of 7,300 locations in the 1990s.[1]

Further reading edit

  • Irvin, Farman (1992). Tandy's Money Machine : How Charles Tandy Built Radio Shack into the World's Largest Electronics Chain. Chicago: Mobium Press. ISBN 0-916371-12-3.
  • Hayden, Andrew, "Radio Shack: A Humble Beginning for an Electronics Giant", antiqueradio.com, February 2007

External links edit

 
Wikimedia Commons has media related to RadioShack.
  • Official website  
  • RadioShack Corporation from the Handbook of Texas Online
  • Radio Shack Records in Fort Worth Library Archives
  • Radioshackcatalogs.com, an 80-year archive of RadioShack catalogs, plus other corporate publications and historic photos

February 15, 2024
radioshack, this, article, about, electronics, retailer, radio, communications, room, radio, shack, formerly, written, radio, shack, american, electronics, retailer, founded, 1921, established, amateur, radio, mail, order, business, centered, boston, massachus. This article is about the electronics retailer For a radio communications room see Radio shack RadioShack formerly written as Radio Shack is an American electronics retailer founded in 1921 It was established as an amateur radio mail order business centered in Boston Massachusetts Its parent company Radio Shack Corporation was purchased by Tandy Corporation in 1962 shifting its focus from radio equipment to hobbyist electronic components At its peak in 1999 Tandy operated over 8 000 RadioShack stores in the United States Mexico the United Kingdom Australia and Canada RadioShackLogo used from 2013 to 2015 and since 2023The exterior of a typical free standing RadioShack store in Texarkana Texas 2006 Trade nameRadioShackFormerlyRadio Shack Corporation 1921 1962 Tandy Corporation 1962 2000 RadioShack Corporation 2000 2015 General Wireless Operations Inc 2015 2020 IndustryE commerce retailPredecessorsHinckley Tandy Leather Company Tandy Corporation RadioShack Corporation General Wireless Operations Inc Founded1921 103 years ago 1921 Boston Massachusetts USFoundersTheodore and Milton DeutschmannHeadquartersFort Worth Texas USNumber of locationsApproximately 400 authorized dealers in the US a Various international locationsArea servedUnited StatesKey peopleAlex Mehr CEO 2 ProductsConsumer electronicsParentGeneral Wireless IP Holdings LLC 2015 2020 Retail ECommerce Ventures 2020 2023 Unicomer Group 2023 present Websiteradioshack wbr comThe 21st century proved to be a period of long decline In February 2015 after years of management crises poor worker relations diminished revenue and 11 consecutive quarterly losses RadioShack was delisted from the New York Stock Exchange and subsequently filed for Chapter 11 bankruptcy 3 4 In May 2015 the company s assets including the RadioShack brand name and related intellectual property were purchased by General Wireless a subsidiary of Standard General for US 26 2 million 5 In March 2017 General Wireless and subsidiaries filed for bankruptcy claiming that a store within a store partnership with Sprint was not as profitable as expected 6 As a result RadioShack shuttered several company owned stores 7 8 and announced plans to shift its business primarily online 9 RadioShack was acquired by Retail Ecommerce Ventures a holding company owned by Alex Mehr and self help influencer Tai Lopez in November 2020 10 Currently RadioShack operates primarily as an e commerce website with a network of independently owned and franchised RadioShack stores as well as a supplier of parts for HobbyTown USA 11 On March 2 2023 Retail Ecommerce Ventures announced that it was mulling a possible bankruptcy filing 12 In May 2023 RadioShack was purchased by Unicomer Group a company based in El Salvador Unicomer Group is one of the largest franchisors of RadioShack with stores based in El Salvador Central America South America and the Caribbean 13 Contents 1 History 1 1 The first 40 years 1 2 Tandy Corporation 1 2 1 Battery of the Month 1 2 2 Allied Radio 1 2 3 Flavoradio 1 2 4 CB radio 1 2 5 Home computers 1 3 RadioShack Corporation 1 3 1 PointMobl and The Shack 1 3 2 Financial decline 1 3 3 2004 Fix 1500 initiative 1 3 4 2006 Management problems 1 3 5 2006 Corporate layoffs and new strategy 1 3 6 2009 Customer relations problems 1 3 7 2012 2014 Financial distress 1 3 8 2015 US Bankruptcy 1 4 General Wireless Operations Inc 1 4 1 2017 US Bankruptcy 1 4 2 Post bankruptcy 1 5 Retail Ecommerce Ventures REV 2 Corporate headquarters 3 Non US operations 3 1 Intertan Inc 3 2 Canada 3 3 Asia 3 4 Mexico 3 5 Latin America amp the Caribbean 3 6 Middle East 4 Other operations 4 1 Corporate citizenship 4 2 Other retailer partnerships 4 2 1 No contract wireless 4 3 Cycling team sponsorship 5 Lawsuits and litigation 6 In popular culture 7 References 7 1 Notes 8 Further reading 9 External linksHistory editThe first 40 years edit The company was started as Radio Shack in 1921 by two brothers Theodore and Milton Deutschmann who wanted to provide equipment for the new field of amateur radio also known as ham radio The brothers opened a one store retail and mail order operation in the heart of downtown Boston at 46 Brattle Street They chose the name Radio Shack which was the term for a small wooden structure that housed a ship s radio equipment The Deutschmanns thought the name was appropriate for a store that would supply the needs of radio officers aboard ships as well as hams amateur radio operators The idea for the name came from an employee Bill Halligan citation needed who went on to form the Hallicrafters company The term was already in use and is to this day by hams when referring to the location of their stations 14 The company issued its first catalog in 1939 15 as it entered the high fidelity music market In 1954 Radio Shack began selling its own private label products under the brand name Realist changing the brand name to Realistic after being sued by Stereo Realist During the period the chain was based in Boston it was commonly referred to disparagingly by its customers as Nagasaki Hardware 16 17 18 as much of the merchandise was sourced from Japan then perceived as a source of low quality inexpensive parts In 1959 the store moved its headquarters to 730 Commonwealth Avenue in Boston across the street from Boston University s Marsh Chapel with ambitious plans for further expansion 19 234 After expanding to nine stores plus an extensive mail order business 20 the company fell on hard times in the early 1960s 21 22 23 24 Tandy Corporation edit Main article Tandy Corporation nbsp Former RadioShack logo 1974 1994 Tandy Corporation a leather goods corporation was looking for other hobbyist related businesses into which it could expand Charles D Tandy saw the potential of Radio Shack and retail consumer electronics purchasing the company in 1962 for US 300 000 25 At the time of the Tandy Radio Shack amp Leather 1962 acquisition 26 the Radio Shack chain was nearly bankrupt 27 Tandy s strategy was to appeal to hobbyists It created small stores that were staffed by people who knew electronics and sold mainly private brands 28 Tandy closed Radio Shack s unprofitable mail order business ended credit purchases and eliminated many top management positions keeping the salespeople merchandisers and advertisers The number of items carried was cut from 40 000 to 2 500 as Tandy sought to identify the 20 that represents 80 of the sales and replace Radio Shack s handful of large stores with many little holes in the wall large numbers of rented locations which were easier to close and re open elsewhere if one location didn t work out Private label brands from lower cost manufacturers displaced name brands to raise Radio Shack profit margins citation needed non electronic lines from go carts to musical instruments were abandoned entirely 29 citation needed Customer data from the former RadioShack mail order business determined where Tandy would locate new stores As an incentive for them to work long hours and remain profitable store managers were required to take an ownership stake in their stores 29 In markets too small to support a company owned Radio Shack store the chain relied on independent dealers who carried the products as a sideline 30 Charles D Tandy said We re not looking for the guy who wants to spend his entire paycheck on a sound system instead seeking customers looking to save money by buying cheaper goods and improving them through modifications and accessorizing making it common among nerds and kids aiming to excel at their science fairs 28 Charles D Tandy who had guided the firm through a period of growth in the 1960s and 1970s died of a heart attack at age 60 in November 1978 31 In 1982 the breakup of the Bell System encouraged subscribers to own their own telephones instead of renting them from local phone companies Radio Shack offered twenty models of home phones 32 Much of the Radio Shack line was manufactured in the company s own factories By 1990 1991 Tandy was the world s biggest manufacturer of personal computers its OEM manufacturing capacity was building hardware for Digital Equipment Corporation GRiD Olivetti AST Computer Panasonic and others The company manufactured everything from store fixtures to computer software to wire and cable TV antennas audio and videotape 33 At one point Radio Shack was the world s largest electronics chain 34 In June 1991 Tandy closed or restructured its 200 Radio Shack Computer Centers 35 acquired Computer City and attempted to shift its emphasis away from components and cables toward mainstream consumer electronics 36 Tandy sold its computer manufacturing to AST Research in 1993 37 including the laptop computer Grid Systems Corporation which it had purchased in 1988 38 It sold the Memorex consumer recording trademarks to a Hong Kong firm 39 and divested most of its manufacturing divisions House brand products which Radio Shack had long marked up heavily were replaced with third party brands already readily available from competitors This reduced profit margins 33 In 1992 Tandy attempted to launch big box electronics retailer Incredible Universe 40 most of the seventeen stores never turned a profit Its six profitable stores were sold to Fry s Electronics in 1996 the others were closed 41 Other rebranding attempts included the launch or acquisition of chains including McDuff Video Concepts and the Edge in Electronics 40 these were larger stores which carried TVs appliances and other lines 42 Tandy closed the McDuff stores and abandoned Incredible Universe in 1996 but continued to add new RadioShack stores 43 By 1996 industrial parts suppliers were deploying e commerce to sell a wide range of components online 44 it would be another decade before RadioShack would sell parts from its website 45 with a selection so limited that it was no rival to established industrial vendors with million item specialised centralised inventories In 1994 the company introduced a service known as The Repair Shop at Radio Shack 46 through which it provided inexpensive out of warranty repairs for more than 45 different brands of electronic equipment 47 The company already had over one million parts in its extensive parts warehouses and 128 service centers throughout the US and Canada 48 it hoped to leverage these to build customer relationships and increase store traffic Len Roberts president of the Radio Shack division since 1993 estimated that the new repair business could generate 500 million per year by 1999 49 America s technology store was abandoned for the you ve got questions we ve got answers slogan in 1994 50 In early summer 1995 the company changed its logo Radio Shack was spelled in camel case as RadioShack In 1996 RadioShack successfully petitioned the US Federal Communications Commission to allocate frequencies for the Family Radio Service a short range walkie talkie system that proved popular 51 Battery of the Month edit From the 1960s until the early 1990s Radio Shack promoted a battery of the month club a free wallet sized cardboard card offered one free Enercell per month in store 52 Like the free tube testing offered in store in the early 1970s 53 this small loss leader drew foot traffic The cards also served as generic business cards for the salespeople Allied Radio edit In 1970 Tandy Corporation bought Allied Radio Corporation both retail and industrial divisions merging the brands into Allied Radio Shack and closing duplicate locations After a 1973 federal government review the company sold off the few remaining Allied retail stores and resumed using the Radio Shack name Allied Electronics the firm s industrial component operation continued as a Tandy division until it was sold to Spartan Manufacturing in 1981 54 citation needed Flavoradio edit nbsp Realistic FlavoradioThe longest running product for Radio Shack was the AM only Realistic Flavoradio sold from 1972 to 2000 28 years in three designs This also made the Flavoradio the longest production run in radio history citation needed It was originally released in five colors in the 1972 catalog vanilla chocolate strawberry avocado and plum For 1973 vanilla and chocolate were dropped and thus are rare today when and replaced by lemon and orange At some point two tone models with white backs were offered but never appeared in catalogs these are extremely rare today The original design had five transistors model 166 A sixth was added in 1980 model 166a The case was redesigned for 1987 making it taller and thinner and it came in red blue and black The final model 201a came in 1996 and was designed around an integrated circuit They were first made in Korea then Hong Kong and finally the Philippines The Flavoradio carried the Realistic name until about 1996 when it switched to Radio Shack then finally Optimus When the Flavoradio was dropped from the catalog in 2001 it was the last AM only radio on the market 55 CB radio edit nbsp From left to right Realistic and RadioShack model TRC 222 both CB with 40 channelsThe chain profited from the mass popularity of citizens band radio in the mid 1970s which at its peak represented nearly 30 of the chain s revenue 56 Home computers edit In 1977 two years after the MITS Altair 8800 Radio Shack introduced the TRS 80 one of the first mass produced personal computers 57 This was a complete pre assembled system at a time when many microcomputers were built from kits backed by a nationwide retail chain when computer stores were in their infancy Sales of the initial primitive US 600 equal to 2 898 today TRS 80 exceeded all expectations despite its limited capabilities and high price 58 This was followed by the TRS 80 Color Computer in 1980 designed to attach to a television Tandy also inspired the Tandy Computer Whiz Kids 1982 1991 a comic book duo of teen calculator enthusiasts who teamed up with the likes of Archie and Superman 59 Radio Shack s computer stores offered lessons to pre teens as Radio Shack Computer Camp in the early 1980s 60 By September 1982 the company had more than 4 300 stores and more than 2 000 independent franchises in towns not large enough for a company owned store The latter also sold third party hardware and software for Tandy computers but company owned stores did not sell or even acknowledge the existence of non Tandy products 61 In the mid 1980s Radio Shack began a transition from its proprietary 8 bit computers to its proprietary IBM PC compatible Tandy computers removing the Radio Shack name from the product in an attempt to shake off the long running nicknames Radio Scrap 62 and Trash 80 63 to make the product appeal to business users Poor compatibility shrinking margins and a lack of economies of scale led Radio Shack to exit the computer manufacturing market in the 1990s after losing much of the desktop PC market to newer price competitive rivals like Dell 40 Tandy acquired the Computer City chain in 1991 and sold the stores to CompUSA in 1998 In 1994 RadioShack began selling IBM s Aptiva line of home computers 64 This partnership would last until 1998 when RadioShack partnered with Compaq and created The Creative Learning Center as a store within a store to promote desktop PCs 65 Similar promotions were tried with The Sprint Store at RadioShack mobile telephones RCA Digital Entertainment Center home audio and video products and PowerZone RadioShack s line of battery products power supplies and surge protectors 66 RadioShack Corporation edit nbsp 1996 2013 logo still used in many of the locations that were RadioShack before they closed This logo is similar to the logo they used from 2013 to 2017 In the mid 1990s the company attempted to move out of small components and into more mainstream consumer markets focusing on marketing wireless phones This placed the chain long accustomed to charging wide margins on specialized products not readily available from other local retailers into direct competition against vendors such as Best Buy and Walmart 67 In May 2000 the company dropped the Tandy name altogether becoming RadioShack Corporation 68 The leather operating assets were sold to The Leather Factory on November 30 2000 69 that business remains profitable 70 House brands Realistic and Optimus were discontinued In 1999 the company agreed to carry RCA products in a five year agreement for a RCA Digital Entertainment Center store within a store 71 72 When the RCA contract ended RadioShack introduced its own Presidian and Accurian brands reviving the Optimus brand in 2005 for some low end products Enercell a house brand for dry cell batteries remained in use until approximately 2014 nbsp RadioShack tape recorderMost of the RadioShack house brands had been dropped when Tandy divested its manufacturing facilities in the early 1990s the original list included Realistic stereo hi fi and radio Archer antenna rotors and boosters Micronta test equipment Tandy computers TRS 80 proprietary computer ScienceFair kits DuoFone landline telephony Concertmate music synthesizer Enercell cells and batteries Road Patrol radar detectors bicycle radios Patrolman Realistic radio scanner Deskmate software KitchenMate Stereo Shack Supertape recording tape Mach One Optimus speakers and turntables Flavoradio pocket AM radios in various colours Weatheradio Portavision small televisions and Minimus speakers In 2000 RadioShack was one of multiple backers of the CueCat barcode reader which soon turned out to be a marketing failure The company had invested US 35 million in the concept 73 including printing the barcodes throughout its catalogs and distributing CueCat devices to customers at no charge 74 75 The last annual RadioShack printed catalogs were distributed to the public in 2003 76 Until 2004 RadioShack routinely asked for the name and address of purchasers so they could be added to mailing lists Name and mailing address were requested for special orders RadioShack Unlimited parts and accessories Direc2U items not stocked locally returns check payments RadioShack Answers Plus credit card applications service plan purchases and carrier activations of cellular telephones On December 20 2005 RadioShack announced the sale of its newly built riverfront Fort Worth Texas headquarters building to German based KanAm Grund the property was leased back to RadioShack for 20 years In 2008 RadioShack assigned this lease to the Tarrant County College District TCC remaining in 400 000 square feet 37 000 m2 of the space as its headquarters 77 In 2005 RadioShack parted with Verizon for a 10 year agreement with Cingular later AT amp T and renegotiated its 11 year agreement with Sprint 78 In July 2011 RadioShack ended its wireless partnership with T Mobile replacing it with the Verizon Wireless Store within a store 79 2005 under the leadership of Jim Hamilton marked a banner year for wireless RadioShack sold more mobile phones than Walmart Circuit City and Best Buy combined citation needed RadioShack had not made products under the Realistic name since the early 1990s Support for many of Radio Shack s traditional product lines including amateur radio had ended by 2006 80 A handful of small town franchise dealers used their ability to carry non RadioShack merchandise to bring in parts from outside sources but these represented a minority 81 PointMobl and The Shack edit In mid December 2008 RadioShack opened three concept stores under the name PointMobl to sell wireless phones and service netbooks iPod and GPS navigation devices The three Texas stores Dallas Highland Village and Allen were furnished with white fixtures like those in the remodelled wireless departments of individual RadioShack stores but there was no communicated relationship to RadioShack itself Had the test proved successful RadioShack could have moved to convert existing RadioShack locations into PointMobl stores in certain markets 82 While some PointMobl products such as car power adapters and phone cases were carried as store brand products in RadioShack stores the stand alone PointMobl stores were closed and the concept abandoned in March 2011 In August 2009 RadioShack rebranded itself as The Shack 83 The campaign increased sales of mobile products but at the expense of its core components business 84 RadioShack aggressively promoted Dish Network subscriptions 85 86 In November 2012 RadioShack introduced Amazon Locker parcel pick up services at its stores only to dump the program in September 2013 87 In 2013 the chain made token attempts to regain the do it yourself market including a new Do It Together slogan 88 Long time staff observed a slow and gradual shift away from electronic parts and customer service and toward promotion of wireless sales and add ons the pressure to sell gradually increased while the focus on training and product knowledge decreased Morale was abysmal longtime employees who were paid bonus and retirement in stock options saw the value of these instruments fade away 89 Financial decline edit In 1998 RadioShack called itself the single largest seller of consumer telecommunications products in the world its stock reached its peak a year later 90 InterTAN a former Tandy subsidiary sold the Tandy UK stores in 1999 and the Australian stores in 2001 InterTAN was sold with its Canadian stores to rival Circuit City in 2004 The RadioShack brand remained in use in the United States but the 21st century proved a period of long decline for the chain which was slow to respond to key trends such as e commerce the entry of competitors like Best Buy and Amazon com and the growth of the maker movement 45 By 2011 smartphone sales rather than general electronics accounted for half of the chain s revenue 91 The traditional RadioShack clientele of do it yourself tinkerers were increasingly sidelined Electronic parts formerly stocked in stores were now mostly only available through on line special order Store employees concentrated efforts selling profitable mobile contracts while other customers seeking assistance were neglected and left the stores in frustration 92 Demand for consumer electronics was also increasingly being weakened by consumers buying the items online 93 2004 Fix 1500 initiative edit In early 2004 RadioShack introduced Fix 1500 a sweeping program to correct inventory and profitability issues company wide The program put the 1 500 lowest graded store managers of over 5 000 on notice of the need to improve Managers were graded not on tangible store and personnel data but on one on one interviews with district management 94 Typically a 90 day period was given for the manager to improve thus causing another manager to then be selected for Fix 1500 A total of 1 734 store managers were reassigned as sales associates or terminated in a 6 month period 90 Also during this period RadioShack cancelled the employee stock purchase plan By the first quarter of 2005 the metrics of skill assessment used during Fix 1500 had already been discarded and the corporate officer who created the program had resigned citation needed In 2004 RadioShack was the target of a class action lawsuit in which more than 3 300 current or former RadioShack managers alleged the company required them to work long hours without overtime pay 95 In an attempt to suppress the news the company launched a successful strategic lawsuit against public participation against Bradley D Jones the webmaster of RadioShackSucks com and a former RadioShack dealer for 17 years 75 2006 Management problems edit On February 20 2006 CEO David Edmondson admitted to misstatements on his curriculum vitae and resigned 96 after the Fort Worth Star Telegram debunked his claim to degrees in theology and psychology from Heartland Baptist Bible College 97 Chief operating officer Claire Babrowski briefly took over as CEO and president A 31 year veteran of McDonald s Corporation where she had been vice president and Chief Restaurant Operations Officer Babrowski had joined RadioShack several months prior She left the company in August 2006 later becoming CEO and Executive Vice President of Toys R Us 98 RadioShack s board of directors appointed Julian C Day as chairman and chief executive officer on July 7 2006 Day had financial experience and had played a key role in revitalizing such companies as Safeway Sears and Kmart but lacked any practical front line sales experience needed to run a retail company The Consumerist named him one of the 10 Crappiest CEOs of 2009 among consumer facing companies according to their own employees 99 He resigned in May 2011 100 101 102 RadioShack Chief Financial Officer James Gooch succeeded Day as CEO in 2011 but agreed to step down 16 months later following a 73 plunge in the price of the stock 103 On February 11 2013 RadioShack Corp hired Joseph C Magnacca from Walgreens because he had experience in retail 104 2006 Corporate layoffs and new strategy edit In the spring of 2006 RadioShack announced a strategy to increase average unit volume lower overhead costs and grow profitable square footage In early to mid 2006 RadioShack closed nearly 500 locations It was determined that some stores were too close to each other causing them to compete with one another for the same customers Most of the stores closed in 2006 brought in less than US 350 000 in revenue each year Despite these actions stock prices plummeted within what was otherwise a booming market On August 10 2006 RadioShack announced plans to eliminate a fifth of its company headquarters workforce to reduce overhead expense improving its long term competitive position while supporting a significantly smaller number of stores 105 On Tuesday August 29 the affected workers received an e mail The work force reduction notification is currently in progress Unfortunately your position is one that has been eliminated 106 107 Four hundred and three workers were given 30 minutes to collect their personal effects say their goodbyes to co workers and then attend a meeting with their senior supervisors Instead of issuing severance payments immediately the company withheld them to ensure that company issued BlackBerrys laptops and cellphones were returned 108 This move drew immediate widespread public criticism for its lack of sensitivity 109 2009 Customer relations problems edit RadioShack and the Better Business Bureau of Fort Worth Texas met on April 23 2009 to discuss unanswered and unresolved complaints The company implemented a plan of action to address existing and future customer service issues Stores were directed to post a sign with the district manager s name the question How Are We Doing and a direct toll free number to the individual district office for their area RadioShackHelp com was created as another portal for customers to resolve their issues through the Internet As of 2012 update the BBB had upgraded RadioShack from an F to an A rating this was changed to no rating after the 2015 bankruptcy filing 110 According to an experience ratings report published by Temkin Group an independent research firm RadioShack was ranked as the retailer with the worst overall customer experience it maintained this position for six consecutive years 111 2012 2014 Financial distress edit From 2000 to 2011 RadioShack spent US 2 6 billion repurchasing its own stock in an attempt to prop up a share price which fell from US 24 33 to US 2 53 the buyback and the stock dividend were suspended in 2012 to conserve cash and reduce debt as the company continued to lose money 112 Company stock had declined 81 percent since 2010 and was trading well below book value 90 The stock reached an all time low on April 14 2012 113 114 In September 2012 RadioShack s head office laid off 130 workers after a US 21 million quarterly loss 115 Layoffs continued in August 2013 headquarters employment dropped from more than 2 000 before the 2006 layoffs to slightly fewer than 1 000 in late 2013 116 At the end of 2013 the chain owned 4 297 US stores 117 The company had received a US 250 000 000 cash infusion in 2013 from Salus Capital Partners and Cerberus Capital Management 118 This debt carried onerous conditions preventing RadioShack from gaining control over costs by limiting store closures to 200 per year 119 and restricting the company s refinancing efforts With too many underperforming stores remaining open the chain continued to spiral toward bankruptcy 120 On March 4 2014 the company announced a net trading loss for 2013 of US 400 2 million well above the 2012 loss of US 139 4 million 121 and proposed a restructuring 122 which would close 1 100 lower performing stores 123 almost 20 of its US locations 124 On May 9 2014 the company reported that creditors had prevented it from carrying out those closures 125 with one lender presuming fewer stores would mean fewer assets to secure the loan and reduce any recovery it would get in a bankruptcy reorganization 126 On June 10 2014 RadioShack said that it had enough cash to last 12 months but that lasting a year depended on sales growing 127 Sales had fallen for nine straight quarters 128 and by year s end the company realized a loss in each of its 10 latest quarters 118 On June 20 2014 RadioShack s stock price fell below US 1 129 triggering a July 25 warning from the New York Stock Exchange that it could be delisted for failure to maintain a stock price above 1 130 On July 28 2014 Mergermarket s Debtwire reported RadioShack was discussing Chapter 11 bankruptcy protection as an option 131 On September 11 2014 RadioShack admitted it might have to file for bankruptcy and would be unable to finance its operations beyond the very near term unless the company was sold restructured or received a major cash infusion 132 On September 15 2014 RadioShack replaced its CFO with a bankruptcy specialist 133 On October 3 RadioShack announced an out of court restructuring a 4 1 dilution of shares and a rights issue priced at 40 cents a share 134 135 RadioShack s stock NYSE RSH was halted on the New York exchange for the entire day 136 137 Despite the debt restructuring proposal in December Salus and Cerberus informed RadioShack that it was in default of the US 250 000 000 they had provided as a cash infusion in 2013 118 At the end of October 2014 quarterly figures indicated RadioShack was losing US 1 1 million per day 138 A November 2014 attempt to keep the stores open from 8AM to midnight on Thanksgiving Day drew a sharp backlash from employees and a few resignations 139 140 comparable store sales for the three days Thursday Saturday were 1 lower than the prior year when the stores were open for two of the days 141 The company s problems maintaining inventories of big ticket items such as Apple s iPhone 6 further cut into sales 142 By December 2014 RadioShack was being sued by former employees for having encouraged them to invest 401 k retirement savings in company stock alleging a breach of fiduciary duties to prudently handle the retirement fund which caused devastating losses in the retirement plans as the stock dropped from US 13 in 2011 to 38 cents at the end of 2014 143 These claims were dismissed by the Fifth U S Circuit Court of Appeals in 2018 144 145 2015 US Bankruptcy edit RadioShack died years ago we re only now holding the funeral Good active managers have avoided RadioShack for a long time Gershon Distenfeld Director AllianceBernstein 146 On January 15 2015 The Wall Street Journal reported RadioShack had delayed rent payments to some commercial landlords 147 and was preparing a bankruptcy filing that could come as early as February Officials of the company declined to comment on the report 148 A separate report by Bloomberg claimed the company might sell leases to as many as half its stores to Sprint 149 On February 2 2015 the company was delisted from the New York Stock Exchange after its average market capitalization remained below US 50 million for longer than thirty consecutive days 150 151 That same day Bloomberg News reported RadioShack was in talks to sell half of its stores to Sprint and close the rest which would effectively render RadioShack no longer a stand alone retailer 152 Amazon com and Brookstone were also mentioned to be potential bidders the former having at the time been wanting to establish a brick and mortar presence 153 On February 3 RadioShack defaulted on its loan from Salus Capital 154 nbsp The effects of a liquidation sale at this typical RadioShack outlet in Miami Florida 2016 On the days following these reports some employees were instructed to reduce prices and transfer inventory out of stores designated for closing to those that would remain open during the presumed upcoming bankruptcy proceedings 155 while the rest remained in the dark as to the company s future 156 Many stores had already closed abruptly on Sunday February 1 2015 the first day of the company s fiscal year with employees only given a few hours advance notice Some had been open with a skeleton crew little inventory and reduced hours only because the Salus Capital loan terms limited the chain to 200 store closures a year 157 A creditor group alleged the chain had remained on life support instead of shutting down earlier and cutting its losses merely so that Standard General could avoid paying on credit default swaps which expired on December 20 2014 158 On February 5 2015 RadioShack announced that it had filed for Chapter 11 bankruptcy protection 4 Using bankruptcy to end contractual restrictions that had required it keep unprofitable stores open the company immediately published a list of 1784 stores which it intended to close 159 160 a process it wished to complete by the month s end to avoid an estimated US 7 million in March rent 161 Customers had initially been given until March 6 2015 to return merchandise or redeem unused gift cards 162 163 164 However after legal pressure from the Attorneys General of several states 165 166 RadioShack ultimately agreed to reimburse customers for the value of unused gift cards 167 On March 31 2015 the bankruptcy court approved a US 160 million offer by the Standard General affiliate General Wireless gaining ownership of 1 743 RadioShack locations As part of the deal the company entered into a partnership with Sprint in which the company would become a co tenant at 1 435 RadioShack locations and establish store within a store areas devoted to selling its wireless brands including Sprint Boost Mobile and Virgin Mobile The stores would collect commissions on the sale of Sprint products and Sprint would assist in promotion Sprint stated that this arrangement would increase the company s retail footprint by more than double the company previously had around 1 100 company owned retail outlets in comparison to the over 2 000 run by AT amp T Mobility Although they would be treated as a co tenant the Sprint branding would be more prominent in promotion and exterior signage than that of RadioShack The acquisition did not include rights to RadioShack s intellectual property such as its trademarks rights to RadioShack s franchised locations and customer records which were to be sold separately 168 169 170 171 RadioShack was criticized for including the personally identifying information of 67 million of its customers as part of its assets for sale during the proceedings despite its long standing policy and a promise to customers that data would never be sold for any reason at any time 172 The Federal Trade Commission and the Attorneys General of 38 states fought against this proposal The sale of this data was ultimately approved albeit greatly reduced from what was initially proposed General Wireless Operations Inc edit Standard General acquired the RadioShack brand after RadioShack Corporation filed for bankruptcy in 2015 It formed the affiliate General Wireless Operations to act as the new parent company for the brand This new RadioShack focused on its partnership with Sprint in the hopes of carrying on the brand Re branded stores soft launched on April 10 2015 with a preliminary conversion of the stores existing wireless departments to exclusively house Sprint brands with all stores eventually to be renovated in waves to allocate larger spaces for Sprint 170 173 In May 2015 the acquisition of the RadioShack name and its assets by General Wireless for US 26 2 million was finalized 174 175 Chief marketing officer Michael Tatelman emphasized that the company that emerged from the 2015 proceedings is an entirely new company and went on to affirm that the old RadioShack did not re emerge from bankruptcy calling it defunct 176 Less than one year after the bankruptcy events of 2015 Ron Garriques and Marty Amschler stepped down from their respective chief executive officer and chief financial officer positions Garriques had held his position for nine months 177 178 179 2017 US Bankruptcy edit It was speculated on March 2 2017 that General Wireless was preparing to take RadioShack through its second bankruptcy in two years 180 This was evidenced when dozens of corporate office employees were laid off and two hundred stores were planned to be shuttered 181 and further evidenced when the RadioShack website began displaying all sales final banners for in store purchases at all locations RadioShack s Chapter 11 bankruptcy was formally filed on March 8 2017 182 Of the then 1 300 remaining stores several hundred were converted into Sprint only locations 183 Despite declaring Chapter 11 bankruptcy typically reserved for reorganization of debt instead of Chapter 7 liquidation the company engaged in liquidation of all inventory supplies and store fixtures as well as auctioning off old memorabilia 9 184 On May 26 RadioShack announced plans to close all but 70 corporate stores and shift its business primarily to online These stores closed after Memorial Day Weekend of 2017 8 Of the remaining stores 50 more closed by the end of June 2017 185 186 One particular store closing in April 2017 garnered widespread media attention when a Facebook account calling itself RadioShack Reynoldsburg Ohio began lashing out at customers with messages such as We closed F k all of you Always hated all you pr k customers anyway 187 RadioShack addressed these posts on their official Facebook page denying any involvement 188 On June 29 2017 RadioShack s creditors sued Sprint claiming that it sabotaged its co branded locations with newly built Sprint retail stores which were constructed near well performing RadioShack locations as determined by confidential sales information The suit argued that Sprint s actions destroyed nearly 6 000 RadioShack jobs 189 General Wireless announced plans on June 12 2017 to auction off the RadioShack name and IP 190 with bidding to begin on July 18 Bidding concluded on July 19 2017 when one of RadioShack s creditors Kensington Capital Holdings obtained the RadioShack brand and other intellectual properties for US 15 million 191 Kensington was the sole bidder 192 In October 2017 General Wireless officially exited bankruptcy and was allowed to retain the company s warehouse e commerce site dealer network operations and up to 28 stores 193 194 Post bankruptcy edit RadioShack began shrinking its headquarters operation in 2017 By September of that year it had a staff of 50 and moved to RadioShack s distribution center on Terminal Road just north of the Fort Worth Stockyards 195 In late July 2018 RadioShack partnered up with HobbyTown USA to open up around 100 RadioShack Express stores 196 197 HobbyTown owners select which RadioShack products to carry 198 RadioShack dealerships had re opened around 500 stores by October 2018 199 By November 2018 it had signed 77 of HobbyTown s 137 franchise stores 196 Retail Ecommerce Ventures REV edit In November 2020 RadioShack s intellectual property and its remaining operations about 400 independent authorized dealers about 80 Hobbytown USA affiliate stores and its online sales operation were purchased by Retail Ecommerce Ventures REV a Florida based company that had previously purchased defunct retailers Pier 1 Imports Dress Barn Modell s Sporting Goods and Linens n Things along with The Franklin Mint 11 In December 2021 REV announced they would use part of the brand name on a cryptocurrency platform called RadioShack DeFi an abbreviation of decentralized finance The platform would allow customers to exchange and freely swap existing cryptocurrency tokens for a token called RADIO through the new platform 200 The Twitter account for RadioShack gained notoriety in June 2022 when it began posting tweets with not safe for work content in an effort to attract attention towards its cryptocurrency platform then renamed RadioShack Swap 201 202 The strategy directed by chief marketing officer Abel Czupor 201 received a mixed reaction among dealers HobbyTown USA subsequently terminated its relationship with RadioShack in response to customer confusion surrounding the posts 202 203 Corporate headquarters editIn the 1970s RadioShack had a new headquarters Tandy Towers built in downtown Fort Worth on Throckmorton Street In 2001 RadioShack bought the former Ripley Arnold public housing complex in Downtown Fort Worth along the Trinity River for US 20 million The company razed the complex and had a 900 000 square foot 84 000 m2 corporate headquarters campus built after the City of Fort Worth approved a 30 year economic agreement to ensure that the company stayed in Fort Worth RadioShack moved into the campus in 2005 In 2009 with two years left on a rent free lease of the building the Fort Worth Star Telegram reported that the company was considering a new site for its headquarters 204 The Tampa Bay Business Journal reported rumors among Tampa Bay Area real estate brokers and developers that RadioShack might select Tampa as the site of its headquarters 205 In 2010 however RadioShack announced efforts to remain at its current site 206 The headquarters was ultimately reduced to a small group after the second bankruptcy filing 184 In September 2017 what was left of RadioShack about 50 people left the downtown location moving to a warehouse on Terminal Road just north of The Stockyards 207 The campus was at first shared with the Tarrant County College as its Trinity River Campus and has now been taken over by it in full citation needed Non US operations editIntertan Inc edit Main article InterTANIn 1986 Tandy Corp announced it would create a spinoff of its international retail operations called Intertan Inc The new company would take over operations of over 2 000 international company owned and franchised stores while Tandy retained its 7 253 domestic outlets and 30 of its manufacturing facilities 208 Intertan had two main units Tandy Electronics Ltd which operated in Canada the UK France Belgium West Germany and the Netherlands and Tandy Australia Ltd which operated in Australia 209 At the end of 1989 there were 1 417 stores operated by Intertan under the Tandy or Radio Shack names 210 Intertan operated Tandy or Radio Shack stores in the UK until 1999 and Australia until 2001 211 RadioShack branded merchandise accounted for 9 5 of InterTAN s inventory purchases in its 2002 2003 fiscal year the last complete year before the Circuit City acquisition and later disappeared from stores entirely 212 Canada edit See also The Source retailer Following the creation of Intertan Tandy Electronics operated 873 stores in Canada 208 and owned the rights to the RadioShack name 213 In 2004 Circuit City a competitor of Radio Shack purchased Intertan which held the rights to use the RadioShack name in Canada until 2010 Radio Shack Corp which operated Radio Shack stores in the US sued Intertan in an attempt to end the contract for the company name early On March 24 2005 a US district court judge ruled in favour of RadioShack 214 requiring InterTAN stop using the brand name in products packaging or advertising by June 30 2005 The Canadian stores were rebranded under the name The Source by Circuit City 215 Radio Shack briefly re entered the Canadian market 216 but eventually closed all stores to refocus attention on its core US business 217 The Source was acquired by Bell Canada in 2009 Asia edit In March 2012 Malaysian company Berjaya Retail Berhad entered into a franchising agreement with Radio Shack 218 Later that year the company announced a second franchising deal with Chinese company Cybermart 219 Berjaya had six stores in Malaysia before it quietly ceased operations in 2017 220 Mexico edit RadioShack de Mexico S A de C V nbsp Amamos la technologia nbsp RadioShack store in the Macroplaza shopping mall in Tijuana Mexico 2019 Trade nameRadioShackCompany typeSubsidiaryIndustryE commerce retailFounded1986 38 years ago 1986 Mexico City MexicoHeadquartersMexico City MexicoNumber of locations225 all company owned Area servedMexicoProductsConsumer electronicsParentGrupo Gigante 2015 present Websitewww wbr radioshack wbr com wbr mxIn 1986 Grupo Gigante signed a deal with Tandy Corporation to operate Radio Shack branded stores in Mexico After growing their electronics chain within Mexico to 24 stores Grupo Gigante signed a new deal with Tandy in 1992 to form a new joint ventured called Radio Shack de Mexico nbsp RadioShack store in a shopping mall in Puerto Vallarta Mexico 2005 in which both companies had an equal share As part of the deal Grupo Gigante transferred their electronics stores to Radio Shack de Mexico 221 In 2008 Grupo Gigante separated from Radio Shack then renamed Radio Shack Corporation and sold its share of the joint venture to Radio Shack Corp for 42 3 million 222 In June 2015 Grupo Gigante repurchased 100 percent of RadioShack de Mexico including stores warehouses and all related brand names and intellectual properties for use within Mexico from the US Bankruptcy Court in Delaware for US 31 5 million The chain had 247 stores in Mexico at the time of the sale 223 224 225 226 Following the sale all Radio Shack stores warehouses brands assets and related trademarks in Mexico are currently owned by RadioShack de Mexico S A de C V a subsidiary of Grupo Gigante 223 224 A major Mexican news magazine had reported in March 2015 that Grupo Gigante actually purchased 100 of the stock in RadioShack de Mexico from RadioShack Corporation for US 31 8 million two months prior to the bankruptcy filing but had only had to hand over US 11 8 million to RadioShack Corp for also assuming approximately US 20 million in debt liabilities 227 While Radio Shack was facing a second bankruptcy in the United States Grupo Gigante announced in October 2017 that they planned to expand the Radio Shack brand within Mexico by opening eight more stores 228 Latin America amp the Caribbean edit RadioShack Unicomer nbsp Trade nameRadioShackCompany typeSubsidiaryIndustryE commerce retailPredecessorRadioShack CorporationFoundedJanuary 1998 26 years ago 1998 01 El SalvadorHeadquartersSan Salvador El SalvadorNumber of locations60 company owned 245 franchised Area servedCentral America South America CaribbeanProductsConsumer electronicsParentGrupo UnicomerWebsiteradioshackla wbr com nbsp RadioShack store in Trinidad 2017 showing the slightly different logo used by UnicomerWhen Radio Shack Corporation filed for bankruptcy the first time in 2015 the Unicomer Group Grupo Unicomer purchased the Radio Shack brand from the bankruptcy court for its exclusive use in Latin America and the Caribbean except Mexico 229 230 Unicomer through its corporate parent Regal Forest Holding Co Ltd paid 5 million for the brand 231 The company s relationship with Radio Shack dated back to 1998 when Unicomer opened its first Radio Shack franchise store in El Salvador It later expanded into Honduras Guatemala and Nicaragua By January 2015 Unicomer had 57 Radio Shack stores distributed throughout four countries within Central America 230 In April 2015 Unicomer began receiving franchise payments from franchises in several countries that Unicomer had not previously had a business presence in 230 It expanded into Trinidad in 2016 232 Jamaica in 2017 229 233 Barbados in 2017 234 and Guyana in 2017 235 By the end of 2017 Unicomer had company owned stores located in the countries of Barbados El Salvador Guatemala Guyana Honduras Jamaica Nicaragua and Trinidad while receiving franchise payments from independent franchised stores located in the countries of Antigua Aruba Costa Rica Paraguay and Peru in which Unicomer did not have a business presence in 230 Since 2014 the independent company Coolbox is an authorized dealer for RadioShack products in Peru 236 In April 2018 the RadioShack brand returned to Bolivia when franchisee Cosworld Trading opened two franchised stores for Unicomer in the capital city of La Paz 237 The previous RadioShack stores had closed in 2015 as a result of RadioShack first bankruptcy filing 237 Middle East edit Radio Shack Egypt nbsp Trade nameRadioShackCompany typeSubsidiaryIndustryE commerce retailPredecessorRadioShack CorporationFounded1998 26 years ago 1998 Nasr City EgyptHeadquartersGiza EgyptNumber of locations65 company owned 15 franchised Area servedEgyptProductsConsumer electronicsParentDelta RS for TradingWebsiteradioshack wbr com wbr egWhen Radio Shack filed for bankruptcy the first time in 2015 the Egypt based Delta RS for Trading purchased the Radio Shack brand from the bankruptcy court for its exclusive use in Middle East and North Africa for US5 million 238 Delta RS for Trading as Radio Shack Egypt had opened its first Radio Shack franchised store in 1998 in Nasr City By March 2003 Radio Shack Egypt had 65 company operated stores plus 15 sub franchised stores 239 In 2017 the Egyptian government accused Radio Shack Egypt and its parent Delta RS in aiding the Muslim Brotherhood 240 241 Other operations editCorporate citizenship edit In 2006 RadioShack supported the National Center for Missing amp Exploited Children by providing store presence for the StreetSentz program a child identification and educational kit offered to families without charge 242 RadioShack supported United Way of America Charities to assist their Oklahoma and Texas relief efforts after the 2013 Moore tornado RadioShack s green initiative promotes the Rechargeable Battery Recycling Corporation which accepts end of life rechargeable batteries and wireless phones dropped off in store to be safely recycled 243 Other retailer partnerships edit In August 2001 RadioShack opened kiosk style stores inside Blockbuster outlets only to abandon the project in February 2002 CEO Len Roberts announced that the stores did not meet expectations 244 RadioShack operated wireless kiosks within 417 Sam s Club discount warehouses from 2004 to 2011 The kiosk operations purchased from Arizona based Wireless Retail Inc 245 operated as a subsidiary SC Kiosks Inc with employees contracted through RadioShack Corporation No RadioShack branded merchandise was sold The kiosks closed in 2011 costing RadioShack an estimated US 10 15 million in 2011 operating income 246 RadioShack then attempted a joint venture with Target to deploy mobile telephone kiosks in 1 490 Target stores by April 2011 247 248 In April 2013 RadioShack s partnership with Target ended and the Target Mobile in store kiosks were turned over to a new partnership with Brightstar and MarketSource 249 No contract wireless edit Main article Cricket Wireless Partnership with RadioShack On September 5 2012 RadioShack in a partnership with Cricket Wireless began offering its own branded no contract wireless services using Cricket and Sprint s nationwide networks The service was discontinued on August 7 2014 clients who had already purchased the service from RadioShack continue to receive service from Cricket Wireless 250 Cycling team sponsorship edit Main article Team RadioShack In 2009 the company became the main sponsor of a new cycling team Team RadioShack with Lance Armstrong and Johan Bruyneel 251 RadioShack featured Armstrong in a number of television commercials and advertising campaigns 252 253 RadioShack came under fire for having Armstrong as a spokesperson in 2011 when allegations that the cyclist had used performance enhancing drugs surfaced 254 Lawsuits and litigation editIn April 2004 AutoZone brought suit against RadioShack for using the name PowerZone to promote a section of its retail stores citing trademark infringement The lawsuit was dropped in June the same year due to lack of evidence 255 In June 2011 a customer sued Sprint and RadioShack after finding pornography on their newly purchased cell phones 256 In 2012 a Denver jury awarded 674 938 to David Nelson age 55 as of 2007 update a 25 year RadioShack employee who had been fired by his supervisor in retaliation after complaining about age discrimination 257 In 2013 a federal jury awarded over 1 million in an age discrimination suit to a 54 year old longtime RadioShack store manager who was fired in 2010 from the San Francisco store he had managed since 1998 258 A 2013 class action judgement found that RadioShack had violated privacy requirements between August 24 2010 and November 21 2011 by printing the expiration date of clients credit or debit cards on store receipts 259 A July 2014 ruling in Verderame v RadioShack Corp 13 02539 in the US District Court Eastern District of Pennsylvania Philadelphia found that RadioShack owed its store managers a possible US 5 8 million for unpaid overtime in the state 260 In popular culture editA Radio Shock store owned by the Tandy Corporation appeared in the original 1991 release of Space Quest IV displaced by Hz So Good in later editions because of threats of legal action by Tandy 261 Radio Shack is featured prominently in Short Circuit 2 which serves as a clinic for Johnny 5 while he repairs himself after being assaulted by thieves 262 Radio Shack is mentioned and briefly featured on the pilot episode of Young Sheldon 263 Visits to RadioShack are a frequent plot point in the Young Sheldon series building off allusions to childhood visits made by the character Sheldon Cooper in its parent series The Big Bang Theory The family returns to the Radio Shack store in a later episode where his mother purchases him a Tandy 1000 RadioShack appears in the second season of the Netflix series Stranger Things as the workplace of Bob Newby 264 In one scene an Armatron a product actually sold at Radio Shack during that period can be seen on a shelf above his head In the movie Ocean s Eleven after Livingston asks an FBI agent to not touch his equipment by asking Do you see me grabbing the gun out of your holster and waving it around the agent retorts with Hey Radio Shack relax 265 In Kung Pow Enter the Fist Ling s mortally wounded father randomly asks The Chosen One to let me know if you see a Radio Shack as The Chosen One leads him in to a town in search of help In the movie Die Hard 2 An air traffic control engineer says Yeah right somebody wanna run down to Radio Shack and get a transmitter In the television series The Sopranos Tony breaks a phone and tells his son Forgot to tell you I got a job at Radio Shack Product testing Giving that phone an F for durability American sportswriter and YouTuber Jon Bois worked at RadioShack sometime in the early to mid 2000s later publishing multiple articles detailing his personal experiences as an employee 266 267 268 In 2002 film Clockstoppers when Zak Gibbs asks Can you fix this referring to his watch Dr Earl Dopler says Yeah But we re gonna need some stuff you can t get at Radio Shack References edit The Golden Age of Radio Shack Toys PCMAG Retrieved May 5 2023 Gittings John July 25 2022 Stay tuned RadioShack owner optimistic about new contract Baraboo News Republic Retrieved August 5 2022 PacerMonitor Document View 1 15 bk 10197 RadioShack Corporation Bankruptcy Docket Item 1 PDF Pacermonitor com Retrieved May 23 2016 a b FitzGerald Drew Jarzemsky Matt February 6 2015 Strategic Confusion Put RadioShack at Mercy of Lenders Wall Street Journal Retrieved February 6 2015 Brickley Peg May 13 2015 Standard General Wins Auction of RadioShack Brand Wall Street Journal Retrieved August 21 2019 RadioShack files for bankruptcy protection for the second time in two years Los Angeles Times March 9 2017 Retrieved March 9 2017 via Associated Press RadioShack GOING going gone Fortworthbusiness com Fort Worth Business Press May 26 2017 Retrieved May 27 2017 a b Woodyard Chris May 31 2017 RadioShack closing 1 000 stores leaves only these 70 USA Today Retrieved June 5 2017 a b Last Chance For Store Closing Deals At Your Neighborhood RadioShack Come Innovate With Us One Last Time prnewswire com Press release May 26 2017 Retrieved May 30 2017 Al Muslim Aisha November 19 2020 Retail Entrepreneurs Buy Twice Bankrupt RadioShack With Plans for Online Revival Wall Street Journal Retrieved December 30 2021 a b Halkias Maria November 19 2020 RadioShack yes it still exists continues on with new owners collecting up old brands The Dallas Morning News Dallas Texas Retrieved November 19 2020 Owner of RadioShack Pier 1 in danger of bankruptcies New York Post March 2 2023 Retrieved March 2 2023 Release Press May 30 2023 Radioshack Global brand now acquired by the Unicomer Group St Vincent Times Retrieved August 2 2023 Silver H Ward August 2013 Ham Radio For Dummies Wiley Publishing ISBN 9780764559877 Radio Shack Catalogs Radioshackcatalogs com Retrieved May 23 2016 Farman Irvin 1992 Tandy s money machine how Charles Tandy built Radio Shack into the world s largest electronics chain Chicago Mobium Press ISBN 9780916371128 QRP L 961225 Re QRP L digest 585 qrp kd4ab org Retrieved March 18 2020 Has Anyone Used One Of Those J pole Antennas On A Pro 96 Handheld Scannner RadioReference com Forums November 23 2008 Retrieved March 18 2020 1959 Radio Shack Catalog www radioshackcatalogs com Retrieved March 8 2023 Radio Shack Corporation 1963 Electronics Catalog advertisement Popular Mechanics 235 November 1962 Value Proposition How Radio Shack lost its way by losing sight of its ideal customer MarketingExperiments March 16 2015 Retrieved March 8 2021 Value Prop How Radio Shack lost its way by losing sight of its ideal customer Pt 2 MarketingExperiments March 19 2015 Retrieved March 8 2021 Value Prop How Radio Shack lost its way by losing sight of its ideal customer Pt 3 MarketingExperiments March 23 2015 Retrieved March 8 2021 RadioShack through the ages 8 adorable images from the fallen giant s vault PCWorld February 2 2015 Retrieved March 8 2021 RadioShack History RadioShack Corp Archived from the original on October 12 2011 Retrieved August 3 2011 Gara Antoine RadioShack Cuts The Cord After 94 Years Files For Bankruptcy Forbes Retrieved October 16 2018 Solomon Steven Davidoff September 16 2014 A History of Misses for RadioShack DealBook Retrieved October 16 2018 a b Inside RadioShack s slow motion collapse Why the fall of the 94 year old electronics chain didn t have to be this way Financial Post February 6 2015 Retrieved October 16 2018 a b Seitz Patrick Charles Tandy The Spark Behind RadioShack Investor s Business Daily Archived from the original on February 9 2015 Ben Rooney February 5 2015 My RadioShack franchise store will be fine CNNMoney Charles Tandy 60 Industrialist The New York Times November 6 1978 Retrieved October 16 2018 Advantages disadvantages of owning your telephone page C1 Life Style Lakeland Florida Ledger October 18 1982 a b Goodbye Radio Shack Archived from the original on February 9 2015 2015 Frank Durda IV former Senior Project Software Engineer with the Tandy Electronics System Software division Farman Irvin 1992 Tandy s Money Machine How Charles Tandy Built Radio Shack into the World s Largest Electronics Chain Chicago Mobium Press ISBN 978 0 916371 12 8 Marianne Taylor June 30 1991 Superstore Idea Taking Hold For PCs Chicago Tribune Retrieved February 16 2015 Fort Worth Star Telegram January 27 1992 Tandy s Radio Shack Retooling Image Sun Sentinel Retrieved February 12 2015 Tandy to Sell Its Memtek Division for 65 Million Electronics The sale is in line with the company s plans to divest its non retail businesses Los Angeles Times October 19 1993 Retrieved February 12 2015 Tandy to Buy Grid Systems NY Times March 17 1988 Retrieved February 14 2015 Tandy To Sell Memorex Name To Hong Kong Company NY Times November 12 1993 Retrieved February 12 2015 a b c Hayes Thomas C October 27 1992 Tandy Ventures Into the Unknown The New York Times Retrieved July 26 2015 Unlike the small 2 500 square foot Radio Shacks where fat gross profit margins and slow inventory turnovers are the norm Tandy s two new Incredible Universe stores stress volume They sell a dizzying breadth of branded products from video games to washing machines for low prices in 160 000 square foot warehouse settings This is the most aggressive thing that this company has done the most innovative thing since Radio Shack said Eugene G Glazer a technology analyst at Dean Witter in New York It s very clear that the formula that worked for Tandy in the 1970s did not work well in the 1980s and will be radically changed in the 1990s Tandy decides to sell or close the Incredible Universe stores lubbockonline com Archived from the original on May 26 1997 Christine Winter December 1 1985 Tandy Dandy After Long Slump Chicago Tribune Retrieved February 16 2015 Lakeland Ledger Google News Archive Search News google com Retrieved March 25 2022 Kumagai Jean February 4 2014 Slideshow A Day in the Life of Digi Key Adafruit Retrieved March 18 2016 a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help a b Aimee Picchi February 3 2015 5 mistakes that doomed RadioShack CBS News Retrieved February 10 2015 Jones Kathryn August 23 1994 Fix It Service Remodels Radio Shack The New York Times ISSN 0362 4331 Retrieved May 24 2020 Tandy Adding Repair Service For Electronics Chicago Tribune 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David 2007 Priming the Pump How TRS 80 Enthusiasts Helped Spark the PC Revolution The Seeker Books pp 2 4 ISBN 978 0 9793468 1 1 Retrieved February 8 2015 Radio Shack Comic Books Tandy Computer Whiz Kids radioshackcatalogs com Archived from the original on January 2 2015 Bergmann Andrew February 10 2015 My week at RadioShack Computer Camp in 1983 CNN Money Retrieved February 14 2015 Shea Tom September 13 1982 All others sell at list price we deal InfoWorld p 11 Retrieved March 17 2019 via Google Books Lendino Jamie February 3 2015 RadioShack Is On its Deathbed PCMag Retrieved February 16 2015 Remembering the Trash 80 Tyler Morning Telegraph February 10 2015 Retrieved February 16 2015 Radio Shack adds hot new IBM Aptiva MPC to name brand computer line Press release November 9 1994 Archived from the original on July 14 2018 Retrieved September 17 2019 via Business Wire RadioShack Computers 1997 Annual Report RadioShack com 1997 Archived from the original on February 12 2015 Retrieved February 12 2015 RadioShack and Compaq form Brand Alliance with The Creative Learning Center Lippincott August 31 1998 Archived from the original on February 24 2016 Retrieved February 12 2015 Panos Mourdoukoutas February 5 2015 Who Killed RadioShack Forbes Tandy changes name to Radio Shack Zdnet com Retrieved May 24 2020 Williams Jeff 2009 Wholly Cow Too Summit Press p 31 Jim Douglas December 5 2014 The ironic tale of Tandy Leather and RadioShack WFAA TV Archived from the original on February 12 2015 Retrieved February 14 2015 RCA Goes Retail With RadioShack Twice Retrieved February 12 2015 RadioShack and RCA Bringing Digital Technology to Millions With Exclusive In Store Digital PR newswire Retrieved February 12 2015 Meyer Katherine May 3 2006 The Best of the Worst CueCat Falls Flat Wall Street Journal Retrieved November 10 2011 Rosenberg Scott July 11 2001 CueCatastrophe Next to the company that tried to wire Web users to bar code scanners money burning dot coms like Webvan don t look quite so bad Salon com Retrieved November 10 2011 a b Bois Jon December 2 2015 A eulogy for RadioShack SB Nation Retrieved May 18 2017 Look How Awesome RadioShack Was In The 1980s Fast Company February 6 2015 RadioShack Corporation Agrees to Assign Fort Worth Headquarters Lease From KanAm Grund to Tarrant County College District Franchising com June 25 2008 Retrieved February 12 2015 Osborne Brian August 2 2005 RadioShack to dump Verizon Wireless Mobile Geek com Archived from the original on February 14 2015 Retrieved February 14 2015 Skariachan Dhanya July 26 2011 RadioShack shuns T Mobile for Verizon Reuters Archived from the original on February 12 2015 Retrieved February 12 2015 Radio Shack Archer and Realistic Introductory Information repeater builder com Jon Mooallem February 5 2015 The Lost Tribes of RadioShack Tinkerers Search for New Spiritual Home Wired Retrieved February 12 2015 RadioShack tests Point Mobl concept in Dallas area Dallasnews com February 15 2009 Archived from the original on August 16 2010 Retrieved May 24 2010 Biggs John August 3 2009 Radio Shack rebranding Why Why TechCrunch Retrieved February 4 2014 Zmuda Natalie October 23 2011 RadioShack s Journey to Bring Back a Forgotten Customer AdvertisingAge Retrieved February 4 2014 RadioShack owner will continue gun giveaways NBC News March 31 2011 Retrieved February 15 2015 Radio Shack owner promises shot gun for satellite service KPAX TV Missoula Montana April 4 2011 Archived from the original on February 15 2015 Retrieved February 15 2015 Townsend Matt September 19 2013 Staples RadioShack boot Amazon lockers from stores The Seattle Times Retrieved February 12 2015 Heller Laura June 25 2013 Can RadioShack save itself with a DIY makeover Theweek com Retrieved March 18 2016 Christmann Samantha February 6 2015 Customers former workers recall the faded glories of RadioShack The Buffalo News Retrieved June 30 2022 a b c Schafer Schulze s baby could turn into RadioShack startribune com June 17 2012 Retrieved March 18 2016 Kevin Parrish January 15 2015 Radio Shack May Be Filing For Bankruptcy Tom s Hardware Archived from the original on March 3 2016 Retrieved March 18 2016 Joshua Brustein Bloomberg News February 6 2015 Inside RadioShack s slow motion collapse Why the fall of the 94 year old electronics chain didn t have to be this way Financial Post Financial Post RadioShack to Open Small Stores in China Joint Venture Fox Business June 7 2012 Archived from the original on September 24 2015 Retrieved March 18 2016 Lindsey Case PDF September 22 2006 Retrieved May 24 2010 Malone Dan January 28 2004 FWWeekly Metropolis Suing to Silence fwweekly com Retrieved March 18 2016 CBSNews CBS News RadioShack CEO David J Edmondson Resigns Archived from the original on October 24 2007 Retrieved July 8 2013 RadioShack CEO s resume is questioned U S business NBC News NBC News February 14 2006 Retrieved May 24 2010 50 Most Powerful Women Claire Babrowski 40 FORTUNE archive fortune com Retrieved October 19 2015 Popken Ben October 27 2009 Top 10 Crappiest CEOs According To Their Employees Consumerist Consumerist com Retrieved February 5 2014 Schaefer Steve April 26 2011 Radioshack s Julian Day Another Superstar CEO Doesn t Measure Up Forbes Retrieved February 5 2014 Vardi Nathan April 25 2011 Julian Day s RadioShack Turnaround Has Been A Failure Forbes Retrieved February 5 2014 Kosman Josh June 1 2010 Radioshack bids in New York Post NYpost com Retrieved February 5 2014 Leslie Patton amp Chris Burritt September 26 2012 RadioShack CEO Gooch Leaves as Lively Named Interim Chief Bloomberg Archived from the original on August 8 2014 Retrieved August 3 2014 Burritt Chris February 7 2013 RadioShack s New CEO Faces Challenge as Profit Slides Bloomberg Retrieved February 5 2014 Gettelman Elizabeth September 7 2006 RadioShack Streamlines the Layoff Process Emails Pinkslips to 400 Workers Mother Jones Retrieved March 18 2016 Horowitz Adam Jacobson David McNichol Tom Thomas Owen 2007 101 Dumbest Moments in Business CNN Retrieved May 18 2017 You ve got mail about your layoff Houston Chronicle August 31 2006 Retrieved March 18 2016 via Associated Press Tara Weiss August 31 2006 You ve Got Mail You re Fired Forbes Retrieved March 18 2016 Podsada Janice September 1 2006 Re Radioshack Layoffs This 1 s 4u Hartford Courant Retrieved July 26 2015 Hey at least it saved on trees and managers time On Tuesday RadioShack laid off 403 employees from vice presidents to rank and file workers by sending them notices through e mail It s the first e mail layoff I ve heard of said Mary Willoughby an instructor in the human resource development program at St John Fisher College in Rochester N Y and an active member of the Society of Human Resource Management It s demoralizing We still have to have that human touch Willoughby said As she and many others see it there s no substitute for personal contact even when it comes to giving employees the ax RadioShack s decision to send layoff notices by e mail has touched off debate over whether the company s method was ethical and innovative or cowardly and callous or perhaps just another milestone in the advent of the electronic office Many experts were unmoved by the fact that it was a large scale layoff and wondered whether the move would spark a trend BBB at Fort Worth BBB Reliability Report FortWorth BBB org Retrieved May 24 2010 Berthiaume Dan May 24 2016 The retailer with the best customer experience is Chainstoreage com Archived from the original on May 26 2016 Retrieved May 25 2016 RadioShack was at the bottom of the list for the sixth straight year earning a rating of 55 and an overall rank of 199th Bristol Voss July 27 2012 Stock Buyback Blitz Minyanville Archived from the original on March 4 2016 Retrieved March 18 2016 Peterson Kim April 24 2012 Why does RadioShack still exist The chain says that sales are falling and that profit this year will be lower than in 2011 MSN Money Archived from the original on April 26 2012 Talley Karen Tadena Nathalie April 24 2012 3rd UPDATE RadioShack Posts 1Q Loss As Product Demand Wanes The Wall Street Journal Archived from the original on April 27 2012 Thompson Steven R September 6 2012 Radio Shack layoffs in Fort Worth Dallas Business Journal Dallas Business Journal Retrieved April 26 2016 Shlachter Barry Kaskovich Steve August 15 2013 More layoffs at RadioShack Tarrant Business star telegram com Archived from the original on October 8 2013 Retrieved April 26 2016 RADIOSHACK CORP RSHC OTC US Company Description Businessweek Archived from the original on February 10 2015 a b c Coleman Lochner Lauren December 6 2014 RadioShack to End 401 K Plan Matching to Reduce Costs Bloomberg News Alap Naik Desai February 7 2015 RadioShack The Case Of Poor Financial And Entrepreneurial Planning The Inquisitr News Retrieved April 26 2016 Duprey Rich January 20 2015 Was RadioShack Corp s Bankruptcy This Hedge Fund s End Game All Along fool com Retrieved April 26 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Could Be Delisted From NYSEn Mashable Retrieved June 20 2014 Halkias Maria July 25 2014 RadioShack has received notice that it may be delisted from the NYSE The Dallas Morning News Archived from the original on July 27 2014 Retrieved July 25 2014 Basu Reshmi July 28 2014 RadioShack cost of pre holiday inventory poses potential restructuring trigger Debtwire Mergermarket Archived from the original on August 11 2014 Retrieved August 15 2014 Alden William September 11 2014 RadioShack Says It May Have to File for Bankruptcy The New York Times Retrieved September 11 2014 Jones Michelle September 15 2014 RadioShack Corporation Hires Bankruptcy Expert As CFO ValueWalk Retrieved September 15 2014 Radioshack Announces Milestone In Recapitalization Process RadioShack October 3 2014 Archived from the original on October 5 2014 Retrieved October 5 2014 Priore Matt October 4 2014 RadioShack Lifeline Just A Risk Free Cash Advance On 4 1 Dilution For Shareholders Seeking Alpha Retrieved October 5 2014 RadioShack Historical Prices October 3 2014 Yahoo Finance Archived from the original on October 6 2014 Retrieved October 5 2014 Drew Fitzgerald Matt Jarzemsky October 5 2014 RadioShack Lifeline Only Buys a Little Time The Wall Street Journal RSH 20141101 Q3 Radio Shack third quarter 1994 earnings filing US Securities and Exchange Commission Retrieved February 23 2015 RadioShack Reverses Plan To Stay Open All Day On Thanksgiving The Huffington Post November 12 2014 Lauren Coleman Lochner November 12 2014 RadioShack Backtracks on Thanksgiving Hours After Worker Outcry Bloomberg com Last One Out Of RadioShack Turn Out The Lights If The Power Company Hasn t Done So Already RadioShack Corporation NYSE RSH Seeking Alpha December 16 2014 Retrieved February 12 2015 iPhone Shortages At RadioShack Sales Down 30 At One Store RadioShack Corporation NYSE RSH Seeking Alpha December 2 2014 Retrieved February 14 2015 Lawsuits allege RadioShack acted imprudently on 401 k plans star telegram December 27 2014 Retrieved April 26 2016 Stempel Jonathan February 7 2018 RadioShack officials not liable for employees 401 k stock losses Reuters Retrieved February 12 2018 registration required Campbell Braden February 7 2018 Workers Paid Fair Price For RadioShack Stock 5th Circ Says Law360 Retrieved February 12 2018 registration required Picchi Aimee February 5 2015 Is RadioShack s bankruptcy imminent cbsnews com Jarzemsky Matt FitzGerald Drew January 15 2015 RadioShack Delays Some Rent Payments Amid Restructuring WSJ Lobosco Katie January 15 2015 RadioShack may be near bankruptcy CNN Retrieved January 15 2015 RadioShack in talks to sell leases on stores to Sprint Bloomberg Reuters January 15 2015 Archived from the original on January 16 2015 Retrieved January 15 2015 RadioShack gets another delisting warning from the NYSE Reuters January 22 2015 Archived from the original on January 27 2015 Retrieved January 28 2015 NYSE TO SUSPEND TRADING IMMEDIATELY IN RADIOSHACK CORPORATION AND COMMENCE DELISTING PROCEEDINGS Press release February 2 2015 Archived from the original on February 3 2015 Retrieved February 3 2015 Coleman Lochner Lauren February 2 2015 RadioShack in Talks to Sell Half Its Stores to Sprint Shutter the Rest Bloomberg Retrieved February 2 2015 Benner Katie February 2 2015 Amazon in Talks to Buy Some of RadioShack s Stores Bloomberg Retrieved February 3 2015 Lobosco Katie Isidore Chris February 3 2015 RadioShack defaults on financial lifeline CNN Money Retrieved February 3 2015 RadioShack is gearing up to sell or shutter its stores report says PC World February 2 2015 Retrieved February 3 2015 Isidore Chris Wallace Gregory February 3 2015 RadioShack employees wonder What s next CNN Money Retrieved February 3 2015 Isidore Chris February 5 2015 RadioShack employees Tales from the walking dead CNN Money Retrieved February 5 2015 Peterson Kim February 19 2015 Creditors say RadioShack s bankruptcy doesn t add up CBS MoneyWatch Retrieved February 24 2015 Radio Shack store closure list PDF RadioShack Corporation February 4 2015 Archived from the original PDF on February 9 2015 Retrieved February 10 2015 Chapter 11 Petition PDF PacerMonitor RadioShack plans to close more than 1 700 stores by end of month stltoday com Lee Enterprises February 7 2015 CT prods RadioShack patrons to act Hartford Business Journal February 11 2015 Peterson Hayley March 2 2015 You have less than a week to use your RadioShack gift card Business Insider Huddleston Cameron March 2 2015 What to Buy at RadioShack While Supplies Last Kiplinger Judge OKs refunds for RadioShack gift cards October 2 2015 Retrieved October 14 2015 RadioShack gift card refunds available October 12 2015 Archived from the original on November 26 2015 Retrieved October 14 2015 RadioShack agrees to refund gift cards for cash August 27 2015 Retrieved October 14 2015 Sprint opens stores within 1 435 RadioShack locations Computerworld April 9 2015 Retrieved April 10 2015 Brickley Peg March 31 2015 RadioShack Rescue Deal Clears Bankruptcy Court Wall Street Journal Retrieved April 10 2015 a b Sprint set to open 1 435 co branded locations with RadioShack tomorrow FierceWireless Retrieved April 10 2015 Brickley Peg April 13 2015 RadioShack Trademarks Customers Dealer Network Up for Sale The Wall Street Journal Retrieved April 13 2015 The Legacy of the RadioShack Bankruptcy and the Importance of PII National Law Review October 4 2015 Retrieved October 14 2015 Sprint RadioShack re branding concept PDF Sprint Corporation Archived from the original PDF on April 19 2015 Retrieved April 10 2015 Bankruptcy Judge Approves Sale of RadioShack Name and Data New York Times May 20 2015 Retrieved July 8 2015 McCarty Dawn May 13 2015 RadioShack Name Goes to Standard General for 26 2 Million Bloomberg Retrieved May 14 2015 Kezar Korri December 10 2015 Year in review Three things that have changed since RadioShack s bankruptcy Dallas Business Journal Retrieved December 10 2015 Northrup Laura January 21 2016 RadioShack s New CEO Quits After Less Than 1 Year Consumerist Retrieved January 15 2016 Wilson Marianne January 22 2016 RadioShack looking for a new CEO again Chain Store Age Archived from the original on January 24 2016 Retrieved January 25 2016 Kaskovich Steve January 20 2016 New RadioShack CEO departs after less than a year on the job Star Telegram Retrieved January 25 2016 Coleman Lochner Lauren Klein Jodi Xu Moritz Scott March 2 2017 RadioShack s Successor Preparing to File for Bankruptcy Sources Say Bloomberg com Bloomberg Retrieved March 3 2017 Kaskovich Steve March 6 2017 Changes underway at RadioShack as Sprint pulls out of some stores Star Telegram Retrieved March 7 2017 J B Reed March 8 2017 RadioShack files for bankruptcy Fort Worth Business Press Retrieved March 8 2017 Winzelberg David March 14 2017 RadioShack closing more stores some on LI libn com Long Island Business News Retrieved March 14 2017 a b Halkias Maria July 3 2017 TRS 80 Duofone microprocessor and more RadioShack auction items reboot the memory Dallas Morning News Bucher Christopher June 12 2017 Out of hope RadioShack in Watertown to close up for good InformNNY com Nexstar Broadcasting Inc Retrieved June 12 2017 Watertown RadioShack to close this month Watertown Daily Times June 10 2017 Retrieved June 12 2017 Closed RadioShack Goes Rogue Tells Customers to Go F k Themselves Fortune Retrieved May 17 2017 Rogue RadioShack Ohio Location Goes Flippant on Facebook After Closure Inquisitr com April 23 2017 Retrieved May 18 2017 Welch Chris June 30 2017 Sprint is getting sued for sabotaging RadioShack s comeback The Verge Retrieved June 30 2017 RadioShack brand to be auctioned in July newsismybusiness com June 12 2017 Retrieved June 12 2017 via News is my Business DiNapoli Jessica July 19 2017 RadioShack brand to survive under new owner sources Reuters Howland Daphne July 20 2017 RadioShack receives a lifeline retaildive com Retrieved July 20 2017 Isidore Chris November 3 2017 RadioShack survives its second bankruptcy barely CNN Unglesbee Ben January 8 2018 UPDATE RadioShack exits bankruptcy again Retail Dive Kaskovich Steve September 27 2017 Radioshack leaving downtown Fort Worth HQ Forth Worth Star Telegram Retrieved July 7 2022 a b Carter Clint November 27 2018 RadioShack Is Now Selling in Unexpected Places Will Anyone Buy Entrepreneur Retrieved November 30 2018 Brown Dalvin July 2 2018 RadioShack plans to open 100 express locations USA Today Dougherty Brianne November 5 2018 RadioShack making a comeback with new express shops in HobbyTown The Orland Park Prairie Terry Shelley October 6 2018 RadioShack Opens in Ashtabula Towne Square Star Beacon Retrieved November 30 2018 Egan John December 28 2021 Former Fort Worth electronics giant RadioShack reboots as cryptocurrency company Fort Worth Culture Map CultureMap LLC Retrieved December 29 2021 a b Lu Yiwen July 1 2022 Remember RadioShack It s now a crypto company with wild tweets The Washington Post Retrieved March 23 2023 a b Graham Megan July 13 2022 How NSFW Tweets Plug Into RadioShack s New Marketing Strategy The Wall Street Journal Retrieved March 23 2023 Graham Megan August 31 2022 Some RadioShack Dealers Aren t Happy as the Brand Leans on NSFW Tweets The Wall Street Journal Retrieved March 23 2023 RadioShack seeking new headquarters UPI com November 12 2009 Retrieved February 12 2015 RadioShack might be seeking new headquarters city Dallas Business Journal November 12 2009 Retrieved November 13 2009 Hethcock Bill March 12 2010 RadioShack to stay in Fort Worth Dallas Business Journal Retrieved March 17 2017 Kaskovich Steve September 27 2017 This iconic downtown Fort Worth retailer is packing up and moving out Forth Worth Star Telegram Retrieved July 7 2022 a b TANDY PLANS FOREIGN RETAIL SPINOFF The New York Times June 10 1986 Retrieved November 13 2018 Tribune Chicago TANDY SPINOFF PLAN WINS BOARD APPROVAL chicagotribune com Retrieved November 13 2018 Tandy Isn t Ltd When It s Abroad Sun Sentinel December 4 1989 2001 Concise report to shareholders PDF Woolworths Limited Retrieved July 24 2016 Circuit City Stores Inc and InterTAN Inc have signed an agreement Richmond Times Dispatch April 1 2004 Retrieved February 23 2015 Canadian RadioShack stores get new name CBC News CBC Retrieved November 13 2018 Chain will appeal RadioShack ruling The Billings Gazette March 28 2005 Canadian RadioShack stores get new name cbc ca April 27 2005 C City Sues RadioShack twice com May 18 2005 Important information about RadioShack Canada radioshack ca Archived from the original on August 28 2008 515 non US stores were open in March 2012 per Malay Company to Open 1 000 Radio Shack Stores NBC DFW Associated Press March 23 2012 Retrieved July 7 2022 subtracting the 275 company owned Mexico locations gives 240 stores franchised abroad Radio Shack Continues Expansion in Asia NBC 5 Dallas Fort Worth Retrieved November 13 2018 Our Stores Radioshack Malaysia Archived from the original on July 9 2017 Retrieved November 19 2019 Joint venture to expand Radio Shack in Mexico United Press International July 2 1992 Mexico s Gigante sells stake in Radio Shack Reuters December 16 2008 a b Pallares Gomez Miguel Angel June 18 2015 Grupo Gigante concluye compra de Radio Shack El monto de la transaccion fue de 31 5 millones de dolares Grupo Gigante concludes purchase of Radio Shack El Universal Mexico City in Spanish El monto de la transaccion fue de 31 5 millones de dolares menos 20 5 millones de dolares del pago de pasivos existentes inter companias a favor de Radio Shack de Mexico SA de CV y se cubrio con el flujo operativo de Office Depot de Mexico preciso la compania en un comunicado enviado a la Bolsa Mexicana de Valores BMV A partir de esta fecha Office Depot de Mexico SA de CV adquirio 247 tiendas en operacion en Mexico y la totalidad de las marcas nombres comerciales dominios y otros derechos de propiedad industrial relacionados a Radio Shack destaco la empresa dirigida por Angel Losada Moreno a b Grupo Gigante concreta compra de Radio Shack Grupo Gigante specifically buys Radio Shack Forbes in Spanish June 18 2015 Gigante adquirio 247 tiendas en operacion en Mexico y la totalidad de las marcas nombres comerciales dominios y otros derechos de propiedad industrial relacionados a Radio Shack McAllister Neil February 6 2015 Bankrupt RadioShack to close up to 2 900 stores share others with Sprint The Register Retrieved April 26 2016 Company Overview of RADIO SHACK DE MEXICO S A DE C V Bloomburg Retrieved April 26 2016 Vargas Cruz Juan Carlos March 27 2015 Grupo Gigante compra el 100 de las acciones de RadioShack Grupo Gigante buys 100 of the shares of RadioShack Proceso Magazine Aun sin transcurrir dos meses de que la minorista de productos electronicos estadunidense RadioShack se declaro en quiebra Grupo Gigante adquirio 100 de las acciones de la filial en Mexico equivalente a 31 8 millones de dolares Celis Fernanda October 17 2017 RadioShack agoniza en EU y en Mexico quiere crecer RadioShack agonizes in the US and in Mexico wants to grow Forbes in Spanish a b Unicomer Group Jamaica Business View Magazine November 21 2017 a b c d RadioShack Unicomer Group O Neil Kirk March 27 2015 Standard General Wins RadioShack Auction With 140M Offer TheStreet com Unicomer Group opens its first RadioShack store in the Caribbean Unicomer Group December 17 2016 RadioShack coming to Mandeville Jamaica Observer July 26 2017 RadioShack back in Barbados Loop News Barbados April 19 2017 Radio Shack store opens at Giftland Mall Guyana Chronicle June 17 2017 Coolbox ingresa al Peru con accesorios tecnologicos dirigidos a publico juvenil Coolbox enters Peru with technological accessories aimed at young audiences Gestion in Spanish October 6 2014 Dos lideres en electronica se unen para ofrecer experiencia modernidad e innovacion para un publico objetivo cada vez mas grande y demandante de novedades tecnologicas como son los teclados virtuales relojes que miden pulsaciones celulares entre otros gadgets destaco Rafael Treistman director gerente de Rash Peru a b Vasquez Mauricio April 9 2018 RadioShack vuelve a Bolivia con dos nuevas tiendas en La Paz RadioShack returns to Bolivia with two new stores in La Paz El Deber in Spanish O Neil Kirk April 29 2015 Store Leases on the Auction Block TheStreet com About Us Radio Shack Egypt Gov t freezes assets of 19 companies affiliated to MB Egypt Today August 24 2017 Egypt seizes funds of oppositionists and State Treasury devours Aboutrika s assets Middle East Monitor September 13 2018 PRN RadioShack and the National Center for Missing amp Exploited Children Announce Enhanced Online Resource for Families Houston Chronicle May 22 2006 Retrieved October 29 2018 Nearly 3 4 Million Pounds Of Rechargeable Batteries Collected In 2002 Call2Recycle United States January 9 2003 Retrieved December 11 2018 Desjardins Doug 2002 Blockbuster pursues CE as RadioShack deal dies Consumer electronics launch in 2002 Brief Article DSN Retailing Today Archived from the original on May 26 2006 Wireless Retail is defunct as of 2006 per Bloomberg com RadioShack to lose Sam s kiosk revenue Dallas Business Journal January 11 2011 RadioShack Expanding to Target Stores with Kiosks Phone Scoop Archived from the original on September 12 2012 Retrieved July 8 2013 Target Moves Forward with Bullseye Mobile Adds Tech Support PhoneScoop August 25 2010 Archived from the original on September 12 2012 Retrieved July 8 2013 Santos Alexis RadioShack s Target Mobile partnership to end on April 8th Engadget AOL Inc Retrieved March 16 2014 Mike Dano August 13 2014 MVNO shakeout RadioShack discontinues wireless service Spot Mobile shuts down FierceWireless Retrieved February 12 2015 Bonnie D Ford July 23 2009 Source Lance s team lands sponsor ESPN The Official Team Site of Team RadioShack Retrieved February 9 2016 RadioShack Corporation RadioShack Partners With Seven Time Tour de France Winner Lance Armstrong to Form New Cycling Team in 2010 Ir radioshackcorporation com July 23 2009 Archived from the original on July 28 2009 Retrieved May 24 2010 Allen Kevin June 6 2011 Should RadioShack dump Lance Armstrong as its spokesman Prdaily com Archived from the original on July 14 2016 Retrieved April 26 2016 373 F 3d 786 Law resource org Retrieved February 15 2015 Kim JuJu October 8 2012 13 Year Old Girl Finds Porn On New Cell Phone TIME Retrieved February 10 2016 EEOC Wins Second Victory Against RadioShack in Retaliation Case Press release Equal Employment Opportunity Commission February 28 2013 Retrieved February 10 2016 Egelko Bob March 6 2013 Ex Radio Shack worker awarded US 1 million SFGate Retrieved February 15 2015 14 1471 SCOTT REDMAN ET AL V RADIOSHACK CORPORATION U S Government Publishing Office September 19 2014 Retrieved February 10 2016 Pearson Sophia July 10 2014 RadioShack Found Liable in Pennsylvania Overtime Lawsuit Bloomberg Business Retrieved February 15 2015 Space Quest IV Comparison CD Rom Version Original Floppy Disc Version Movie Censorship com Retrieved March 8 2017 Inside the shopping mall Galaxy Galleria there is an electronics store named Radio Shock which is a persiflage to the real existing US electronics store chain Radio Shack Adams Jason March 4 2015 Awfully Good Short Circuit 2 JoBlo Movie News Archived from the original on March 4 2016 Retrieved November 10 2015 Luckily he collapsed right next to a Radio Shack which is like the Mayo Clinic for robots McCarthy Tyler September 25 2017 Young Sheldon premiere recap A mother s love steals the show Foxnews com Retrieved October 31 2017 the episode ends on a small victory for young Sheldon as his mother fulfills her promise and takes him to Radio Shack In a world filled with uncertainty this place will be here forever he says highlighting the fact that he s got a lot to learn Kelly Hillary October 27 2017 Stranger Things Recap Bob the Brain Vulture com Retrieved October 31 2017 A nerd in high school Bob has obviously shrugged off any youthful bullying with the knowledge that he is way smarter than the average Hawkins resident In a small town in the 80s that meant a job at RadioShack Oceans Eleven Movie Lines Masterpiece Movie Lines com Retrieved April 22 2019 Bois Jon November 26 2014 A eulogy for RadioShack the panicked and half dead retail empire SBNation com Retrieved February 26 2021 Bois Jon November 5 2020 The ballpoint pen SBNation com Retrieved February 26 2021 Bois Jon February 19 2015 The end of RadioShack through the eyes of a store manager SBNation com Retrieved February 26 2021 Notes edit Down from a peak of 7 300 locations in the 1990s 1 Further reading editIrvin Farman 1992 Tandy s Money Machine How Charles Tandy Built Radio Shack into the World s Largest Electronics Chain Chicago Mobium Press ISBN 0 916371 12 3 Hayden Andrew Radio Shack A Humble Beginning for an Electronics Giant antiqueradio com February 2007External links edit nbsp Companies portal nbsp Wikimedia Commons has media related to RadioShack Official website nbsp RadioShack Corporation from the Handbook of Texas Online Radio Shack Records in Fort Worth Library Archives Radioshackcatalogs com an 80 year archive of RadioShack catalogs plus other corporate publications and historic photos Retrieved from https en wikipedia org w index php title RadioShack amp oldid 1204368234, wikipedia, wiki, book, books, library,

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