After declaring itself bankrupt last week, the RadioShack store chain announced it is closing 1,784 U.S. stores in three waves to be concluded by March 31st.
The switch to smartphones has not worked well for RadioShack. RadioShack itself has said, sales associates can spend up to forty-five minutes writing up a sales agreement for a smartphone plan while other customers are ignored. Their parts business suffered in part because of the rise in wireless devices. They were left with dwindling volume and too much inventory. As they cut inventory it became increasingly hard to "find what you want" at a RadioShack. Gradually over the past eight or nine years the individual stores became less and less profitable.
Originally Tandy Corp., the rebranded RadioShack stores were very profitable and popular in the late 1990s when per-share prices approached $25. By 2011 the stock had plummeted to $2,53 a share. Wiki Link
I first shopped at RadioShack back in the 1990s. I needed a cable for my computer and a co-worker advised me: "Go to CompUSA [remember them?], find out what you need...and then buy it at RadioShack. They're cheaper."
He was right and I've shopped there ever since. Although in recent years that's not very often. I have found the conventional criticism is pretty much on point: RadioShack almost never has what you want in stock and you can get better prices at BestBuy.
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Others will survive as part of an agreement with Sprint to create a "store within a store." Link |
The switch to smartphones has not worked well for RadioShack. RadioShack itself has said, sales associates can spend up to forty-five minutes writing up a sales agreement for a smartphone plan while other customers are ignored. Their parts business suffered in part because of the rise in wireless devices. They were left with dwindling volume and too much inventory. As they cut inventory it became increasingly hard to "find what you want" at a RadioShack. Gradually over the past eight or nine years the individual stores became less and less profitable.
Originally Tandy Corp., the rebranded RadioShack stores were very profitable and popular in the late 1990s when per-share prices approached $25. By 2011 the stock had plummeted to $2,53 a share. Wiki Link
I first shopped at RadioShack back in the 1990s. I needed a cable for my computer and a co-worker advised me: "Go to CompUSA [remember them?], find out what you need...and then buy it at RadioShack. They're cheaper."
He was right and I've shopped there ever since. Although in recent years that's not very often. I have found the conventional criticism is pretty much on point: RadioShack almost never has what you want in stock and you can get better prices at BestBuy.
via International Skeptics Forum http://ift.tt/1zqAbqM
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