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RadioShack’s Days Look Numbered
Boston Globe [MA], by Laura Reston

Original Article

Posted By:LittleHoodedMonk, 8/2/2014 10:09:12 AM

The technology retailer RadioShack, which has spiraled downward in recent months, is rapidly running out of money, CNN Money reports. The chain may not be around for much longer. CNN says the retailer, which operates 4,000 stores, only has $62 million in the bank. Coffers may run dry as early as the fall of 2015. RadioShack officials say they need to close roughly one of every five stores—a total 1,100 locations altogether—and it seems that the chain lacks the funds even to do that. The chain has previously attempted to close stores, but failed to acquire the needed cash from its lenders. The store has long struggled to makeover its brand,

Comments:
I have shopped there since they had replacement tubes for my analog radio. Then, chips in the days when we service engineers could replace parts to a computer system. Finally police scanners. Problem today are high prices (lower across street) and not-pleasant staff.

      


Post Reply  

Reply 1 - Posted by: ColoWapiti, 8/2/2014 10:32:20 AM     (No. 9950587)

They have been destroyed by the ability to get their high priced products online for a lot less money.

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Reply 2 - Posted by: grace1798, 8/2/2014 10:32:31 AM     (No. 9950588)

Oh Yes, Obama wants praise because he says the economy is doing better while businesses are going under so fast, we cannot even count them all.

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Reply 3 - Posted by: chumley, 8/2/2014 10:43:56 AM     (No. 9950615)

Back in the dinosaur days they sold electonics kits so hobbyists and us poor folks could buy the parts and build a nice stereo.
Now they sell cell phones, a few parts and no kits.
Oh yeah, they also sell an amazing radio scanner for $400. Its only after you get it home that you find out they locked out many of its capabilities, but will unlock them for you for another $100. Note that the capabilities are already in the radio. They are just holding them hostage.
Buncha crooks.

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Reply 4 - Posted by: Pearson365, 8/2/2014 10:44:46 AM     (No. 9950616)

Possible use for the soon to be empty 4,000 RS stores is to have Obama house the hundreds of thousands of illegals pouring across our border in these facilities. Converted stores would be called Obama Shacks, saving 50% of the cost of changing the signage. Obama Shacks - where illegals get to live, learn and vote electronically.

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Reply 5 - Posted by: NorthernDog, 8/2/2014 10:50:52 AM     (No. 9950628)

I´m guessing that a lot fewer people tinker around with radios and electronics, compared to the ´70s and ´80s. And you can often buy the replacement parts on-line, directly from China, for a lower price.

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Reply 6 - Posted by: lil dotty, 8/2/2014 11:12:21 AM     (No. 9950681)

Found it most annoying when always had to give address, zip They will be missed for old times sake, but not for their current handling of retail sales.

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Reply 7 - Posted by: TulsaTowner, 8/2/2014 11:20:20 AM     (No. 9950700)

You´re right #5. And despite savant like ability with smart phones, the American people have dumbed-down significantly since the 70s. If we had continued to encourage the sciences to students instead of pushing the junk science of the left, like global warming, things would be different today. In fact, "social science" is the only science favored today by the air-heads in education. Heaven knows none of them are competent to teach physics, chemistry, math or any other STEM subjects.

The exceptional people that inspired me in the 60s have been replaced in the schools today, largely with union thugs.

I worry that the American "can-do" culture is dead forever.

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Reply 8 - Posted by: shimmer128, 8/2/2014 12:04:17 PM     (No. 9950758)

I must say, in tiny Perry GA there are exemplary employees. Alexis and Jerrod (sp?) I´m telling you, these two are just so helpful, knowledgeable...any other good adjectives. I would normally just think of good employees, but these two are good enough that I wanted to bring them up before everyone, even though you´ll surely never make it to Perry. They´re goodniks.


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Reply 9 - Posted by: Smart11344, 8/2/2014 12:16:15 PM     (No. 9950774)

I bought an occasional part from Radio Shack in the past. Some of their audio connectors were awful. I, too, was harassed by employees for my name and address and phone number. One employee told me he could get fired if he didn´t get that information. Tough luck, pal.

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Reply 10 - Posted by: previouslyon24, 8/2/2014 12:24:32 PM     (No. 9950787)

Saw it ten years ago when I sold my RS franchise. Corporate was pushing marketing only rather than competitive products. A store might make $5 on a $500 TV with the hope to sell other items with better mark-up; but the effort and cost to sell big ticket loss leaders while pushing batteries and other items looked like a losing scheme to me, and I was right. We were in a small town and could survive because no big box stores around, but even there it was apparent the RS model was archaic. Like selling a boat, selling the RS franchise was the happiest day of my life.

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Reply 11 - Posted by: mackrand, 8/2/2014 1:23:49 PM     (No. 9950833)

There´s always a story at RS. Mine was when I bought a RS branded 2 meter hand held. The salesman had it in his hand and managed to drop it. He tried to grab it out of the air and instead he slapped it accelerating its drop to the carpet on top of concrete. I picked it up and tested it and found it undamaged. I bought it and to this day it is still working fine.

I´ve bought a good many products there over the years and have never had a problem product. I feel bad for their looming partial demise but time marches on. They will march off into the sunset with many others, all victim of a deteriorating economy stemming from the disaster in Washington pushing from astern. Soon that stern will sink and the water will flood in!!

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Reply 12 - Posted by: mitzi, 8/2/2014 1:28:05 PM     (No. 9950837)

I hope "my" store isn´t one that closes. It´s right around the corner and is just too convenient for me! Prices are a bit higher, but I don´t mind paying for the convenience.

The people who work in "my" store are fine - never had a problem. I´ve been shopping there for about 10 years.


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Reply 13 - Posted by: mc squared, 8/2/2014 1:39:56 PM     (No. 9950850)

2.99 connectors and adapters for 9.99 at RS.

You´ve got questions: they´ve got blank stares.

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Reply 14 - Posted by: WI Cynic, 8/2/2014 2:13:37 PM     (No. 9950889)

The staff at my local store wouldn´t know a diode if it bit them on the nose. All they deal with is cell phones. The rest of the store is irrelevant to them.

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Reply 15 - Posted by: Hazymac, 8/2/2014 2:15:59 PM     (No. 9950891)

Until a year ago I had been a fairly regular RS customer, usually for small electronic items. What finally drove me away was replacing the batteries in my two wireless home phones. They quoted me a price of $44 for the two batteries. I was incredulous. You can buy a two-receiver phone (6.0), with fresh batteries and dual charging stand for about $15 less than that. Then I went on Amazon and got both batteries for $6.22, including shipping. Almost everything RS sells can be bought more cheaply elsewhere.

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Reply 16 - Posted by: Hammock, 8/2/2014 3:51:44 PM     (No. 9950967)

The American "Can Do" culture isn´t dead. It´s flourishing in the "Maker" movement. What is true is that it isn´t general, as it was before public school shop and home ec classes were killed to provide more time for brainwashing.

In my area, many RC stores are attempting to cater to the Maker movement with things like kits for Raspberry Pi, etc., but it´s way too late.

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Reply 17 - Posted by: snakeoil, 8/2/2014 5:28:23 PM     (No. 9951042)

Why do you need money to close a store? If Radio Shack goes under can Worst Buy be far behind?

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Reply 18 - Posted by: johnwayne, 8/2/2014 7:02:14 PM     (No. 9951111)

I stopped going to Radio Shack when I found out that they contribute to anti-Second Amendment causes.

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