The end is reportedly near for RadioShack

[45123]

Circuit City RadioShack Best Buy your days are numbered

 

[Two Stacks]

Circuit City RadioShack Best Buy your days are numbered

nah we good.

 

[LezJepzin]

still got walmart and target. it's crazy that there aren't that many retail stores anymore in 2015.

them nikkas dont count they sell everything.

we the only game in town

You guys don't have a Frys Electronics where you at? I think they're responsible for the shacks demise. Though their customer service is mostly shyt, They're like the Home Depot of electronics. Especially when it comes to computer components.

For you old heads, remember Incredible Universe? They were owned by Radio Shack. The last one here turned into a Frys almost twenty years ago.

 

[Kilgore Trout]

What u nikkas know about dat 49.99 6 foot hdmi cable

 

[Killer Instinct]

If the news reports are correct, Amazon is in discussion to aquire them, too.

 

[Scotch Hall]

that's where my dad would always buy me expensive ass rc cars and boats even tho i had no interests in them. that's where my dad got swindled in buying a $3000 compaq presario that was total piece of shyt with the woat windows software microsoft me. those motherfukkers ripped the hell out of my dumbass pops. remember them gold battery packs? now where am i suppose to buy my solder and flux?

to yo pops breh. i wish i had pops to do that sh1t for me. i love hearing stories like this

shyt i wish i had a pops

 

[Two Stacks]

i wonder if Amazon buys them, if amazon will have the showroom stores they talk about....or an Amazon retail store. Hmmm....

 

[Optimus Prime]

its over...

End Of An Era: RadioShack Files For Bankruptcy
The company has been teetering on the edge for years.

RadioShack, after years of struggling, officially filed for bankruptcy today.

The company, which operates more than 4,000 stores, said in a statement that it will sell between 1,500 and 2,400 of its U.S. stores to an affiliate of hedge fund Standard General called General Wireless. Up to 1,750 of those locations will host a Sprint “store within a store,” as per the statement.

RadioShack said the rest of its stores will be closed following liquidation sales. The company said it will update a restructuring portion of its website with a list of stores that will be closing once it knows more. No stores had been listed as of 6:15 p.m. in New York on Feb. 5.

The retailer said in filings today that it employs more than 21,000 people.

RadioShack has been in dire financial straits for years, struggling as competitors such as Best Buy, Wal-Mart and Amazon have grown in size and clout. Attempts to rebrand — including a brief stint as The Shack — didn’t work, as customers ran out of reasons to visit the retailer based on changes in technology. In 2013, it brought in just $3.4 billion in sales, making it only slightly bigger in revenue than Urban Outfitters and smaller than Abercrombie & Fitch.

The bankruptcy documents highlighted RadioShack’s foundational role in the consumer electronics market. The company said that it sold the world’s first mass-marketed fully assembled personal computer, with a Bill Gates-created operating system, in 1977. It also sold the computer industry’s first laptop in 1983 and its first mobile phone in 1984.

RadioShack knew it had too many stores, but its lenders would only let it shutter 200 per fiscal year, denying requests for additional closures last year and into 2015, the company’s interim chief financial officer, Carlos Adrianopoli, said in a filing today. The bankruptcy filing will enable RadioShack to close up to 2,100 underperforming stores, the company said.

RadioShack said it was also pressured by spooked vendors denying trade credit to the company and extending less-than-favorable payment terms, leading to inventory issues in stores.

The final challenge for the company, as per the same filing from Adrianopoli, was the state of the postpaid cell phone market. The space has become intensely competitive, stalling growth from new subscribers and causing price wars among wireless carriers that slashed margins industrywide. At the same time, as major wireless carriers open their own stores, it’s hampered RadioShack’s ability to offer the best and most current plans, Adrianopoli said.

RadioShack said in the document that its headquarters and stores are leased, with monthly rent of $21 million.

RadioShack’s restructuring website currently reads: “Thank you for your interest in our recently announced restructuring. We intend to transition a portion of our stores to new ownership and begin a sale process for other company owned assets. Our domestic and international franchise stores are independently owned and are not part of our restructuring.”

The electronics retailer traces its roots to both the Hinckley-Tandy Leather Company in 1919 and RadioShack in 1921. The two later become one entity under Tandy Corp.; the name officially changed to RadioShack Corp. in 2000, according to the company’s website.

 

[Camile.Bidan]

You guys don't have a Frys Electronics where you at? I think they're responsible for the shacks demise. Though their customer service is mostly shyt, They're like the Home Depot of electronics. Especially when it comes to computer components.

For you old heads, remember Incredible Universe? They were owned by Radio Shack. The last one here turned into a Frys almost twenty years ago.

I remember the old one over in Natomas off of interstate 80 (I think it is a Fry's now). I would go there when I was a kid, and it would always be an adventure. There were so many game demos, PC super rigs (pentium II), TV demos, and they even had this live acrobat show once. It was crazy.


Frys is very slow now too. I went to one in Fremont on the 23rd of December, and I shocked at how slow it was.

And despite being a huge store, everything is always out of stock some how, and the selection horrible. I needed a portable USB monitor, so I could have an additional screen with my laptop (I travel a lot on my job). They store clerks didn't even now what I was talking about. I, subsequently , bought a USB monitor on Amazon before I even left the store

And Fry's customer service is horrible.

 

[LezJepzin]

I remember the old one over in Natomas off of interstate 80 (I think it is a Fry's now). I would go there when I was a kid, and it would always be an adventure. There were so many game demos, PC super rigs (pentium II), TV demos, and they even had this live acrobat show once. It was crazy.


Frys is very slow now too. I went to one in Fremont on the 23rd of December, and I shocked at how slow it was.

And despite being a huge store, everything is always out of stock some how, and the selection horrible. I needed a portable USB monitor, so I could have an additional screen with my laptop (I travel a lot on my job). They store clerks didn't even now what I was talking about. I, subsequently , bought a USB monitor on Amazon before I even left the store

And Fry's customer service is horrible.

Yup. Same one. I used to work at that Frys too from 06-09 selling computers. It got annoying how many customers would even tell me how good I was to them , compared to the shytty service they were accustomed to. Even though that was one of the company's better stores along with the new one they opened East of Sac in Roseville eight years ago.(Fremont and Sunnyvale were the worse ones) , the company's structure was .

How badly they treated their employees deserves its own thread but I got the last laugh. Bottom line, if you KNOW already what you want and where it is in the store, Frys is fine. Otherwise it's a shyt hole for customer service and to work at.


Their service department shyts on Geek Squad though

 

[Nymbus]

newegg.com

 

[Wild self]

man, almost 100 years, everytime a retailer closes, people from that retailer apply in droves to best buy.

retail is very volatile, i feel fortunate to have 10 years with one company.

Best Buy gonna close too, thanks to Amazon.com

Man, these retailer shops are getting shut the fukk DOWN thanks to the internet. Online shopping is a monster.

 

[El Bombi]

You guys don't have a Frys Electronics where you at? I think they're responsible for the shacks demise. Though their customer service is mostly shyt, They're like the Home Depot of electronics. Especially when it comes to computer components.

For you old heads, remember Incredible Universe? They were owned by Radio Shack. The last one here turned into a Frys almost twenty years ago.

I went to 2 different Fry's in Dallas during Christmas. Both look like they're going out of business.

Incredible Universe was expensive as hell before being bought out by Fry's.

Fry's came in and dropped all the prices.

 

[Liquid]

Retail is going through a major transition. I am surprised amazon is trying to acquire them tbh.

Sprint needs to stop spending money on things like this and update their sorry ass network

 

[Won Won]

Thought they were gone years ago