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Jun 9, 2016 · Radio Shack stores came to Canada, it appears in the late 1960s, being known in the beginning as Allied Radio Shack. Owned by Tandy Corporation (Tandy Leather then), they were mirror images of US stores.
Feb 6, 2015 · RadioShack is getting there, too. The company’s finances, unstable for years, have finally collapsed. On Monday Bloomberg News reported that the company is preparing to close its doors for good, in a bankruptcy deal where Sprint would take over half of the stores and close the rest.
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Aug 28, 2024 · And last year, the company secured exclusive rights in an another 70 countries, including the U.S and Canada. There are currently 37 authorized RadioShack resellers in the U.S., according to radioshack.com. We'll have to wait and see if the Shack can make a bona fide comeback. Who knows, maybe they'll even bring back Realistic brand gear.
- High Store Concentration
- Online Competition
- Product Concentration
- Management Problems
- Financial Missteps
In 2014, RadioShack operated about 4,300 stores in North America.However, there were many stores that were located too close to each other. For example, there were 25 stores near Sacramento, California, located within a 25-mile radius, and seven stores within five miles around Brooklawn, New Jersey. With so many stores within close proximity to eac...
Relying solely on its brick-and-mortar sales network, RadioShack began experiencing significant profitability and sales pressure, as consumers were buying electronics parts and other gadgets from online retailers such as Amazon and eBay. For many consumers, RadioShack became irrelevant; any electronics part could be purchased cheaper with a click o...
In the early 2000s, the company made a strategic shift towards selling cell phones and accessories that proved to be lucrative for some time. By 2014, cellphones alone accounted for about 50% of the company's total sales, making it a very risky proposition of a high product concentration. Things began changing rapidly after the introduction of the ...
The constantly changing management did not help the company's efforts to turn itself around. From 2005 to 2014, the company changed its chief executive officers seven times. Joseph Magnacca joined RadioShack in 2013 as its CEO to speed up the turnaround. The company set a goal of restoring profitability by 2015 with a significant store, and product...
Because RadioShack had experienced negative earnings since 2012, the company needed significant capital infusions to stay solvent. In December 2013, RadioShack was able to obtain a $585 million line of credit from GE Capital and the $250 million term loan from Salus.The $250 million term loan came with the condition that RadioShack could not close ...
Feb 2, 2015 · Image by Radio Shack Look how far the “audio room” experience has evolved since 1931. This photo was shot in 1961 at a RadioShack location in Stamford, Conn.
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Nov 29, 2020 · Circuit City ran the Canadian chain as Radio Shack until 2010. A legal fight resulted in the stores being branded as The Source by Circuit City.
