Is Radio Shack's Liquidation Sale a Sign of Corporate Dominance in America?

[nsaspook]

http://www.wsj.com/articles/radioshack-store-closings-to-jolt-some-developers-1423095564

 

[Quantum Defect]

http://www.wsj.com/articles/radioshack-store-closings-to-jolt-some-developers-1423095564

I had one of those kits when I was little. Many, many happy hours spent with that.

I bought one of the new ones for my son this Christmas.

:(

 

[Astronuc]

I had one the kits with '100-in-1' electronic projects.

I remember buying electronic components at local store. That was before they got more into consumer electronics and telecommunications. I suspect they couldn't compete against Best Buy and others. Circuit City was another that couldn't compete.

 

[russ_watters]

http://www.wsj.com/articles/radioshack-store-closings-to-jolt-some-developers-1423095564

It's probably still in my old closet at my parents' house...

 

[nsaspook]

The ink is on the paper.

http://radioshackcorporation.com/pdfs/Press-release%20.pdf

 

[SteamKing]

I had one the kits with '100-in-1' electronic projects.

I remember buying electronic components at local store. That was before they got more into consumer electronics and telecommunications. I suspect they couldn't compete against Best Buy and others. Circuit City was another that couldn't compete.

Best Buy has been circling the drain for a while. A lot of BB's traffic is people shopping for an item, so they go to the store to check it out and then buy the same item online from a different retailer.

In a similar vein, Staples made an offer this week to buy Office Depot, which just got through swallowing Office Max. A lot of consolidation going on in the brick & mortar retailers of office supplies & business electronics.

 

[nsaspook]

Where can I go now for car stereo?


Clearance sale at Radio Shack!

 

[dlgoff]

Hopefully the franchises will stay open. At least they have a few electronic components available.

http://radioshackcorporation.com/pdfs/RS-Store-Closure-List_020415.pdf

 

[nsaspook]

http://graphics.wsj.com/shuttering-the-shacks/

 

[dlgoff]

At least they have a few electronic components available.

You know. For when that transistor blows on a Sunday morning.

http://graphics.wsj.com/shuttering-the-shacks/

Looks like one of the stores I use will say open.

 

[nsaspook]

http://www.wired.com/2015/02/radioshack-helped-build-silicon-valley/

In its heyday, RadioShack was so much more than a store — it was an art gallery, a museum, a school. “You didn’t really have really good electronics magazines full of what’s available,” Wozniak remembers. “You had a few catalogues that were full of things like walkie-talkies, but if you went down to RadioShack you could actually see something.” As a teenager he would walk into stores and soak up information, spending hours reading labels, and memorizing prices and feature lists. It was inside those walls where so many watched the technological revolution unfold — and where they first jumped in.

 

[nsaspook]

Went to a local closing store today. One of the liquidator reps was there so I asked about buying the parts drawers. She left a message for someone to call her back about selling them, when her phone rang with the answer the ring-tone was the theme song from the 'Walking Dead'. The poor sales droid behind the counter face just went blank.

 

[dlgoff]

Went to a local closing store today. One of the liquidator reps was there so I asked about buying the parts drawers. She left a message for someone to call her back about selling them, when her phone rang with the answer the ring-tone was the theme song from the 'Walking Dead'. The poor sales droid behind the counter face just went blank.

I want drawers.

 

[Borg]

Looks like one of the stores I use will say open.

Same here.

 

[nsaspook]

I want drawers.

They were actually some very nice drawers. I did buy a nice digital caliper for a few bucks.

 

[dlgoff]

They were actually some very nice drawers.

Oh I know.

 

[nsaspook]

Oh I know.

The answer I got was that store 'fixtures' are going to be sold when they completely clear the store in 9 days but I think I'll check again next week early.
http://globenewswire.com/news-relea...tions-throughout-the-U-S-and-Puerto-Rico.html

NORTHBROOK, Ill., Feb. 6, 2015 (GLOBE NEWSWIRE) -- Store closing sales started today at over 1,700 RadioShack locations throughout the country. RadioShack, one of America's largest consumer electronics retailers, filed for Chapter 11 Bankruptcy Protection and has engaged a joint venture comprising Hilco Merchant Resources, Gordon Brothers Group and Tiger Capital Group to manage its store closing process.

Discounts of up to 50% off original prices are being offered at all closing locations on the entire inventory of top brand headphones and speakers, wearable technology, smart toys, connected home, power accessories, home entertainment and much more. RadioShack's huge selection of electronic components, batteries, and everything for the hobby and electronics enthusiast is now also on sale at compelling price reductions.

A spokesperson for the joint venture said, "RadioShack is well known for carrying an incredible range of merchandise and consumers are encouraged to take advantage of the fantastic deals right away while the selection is best. Deep discounts coupled with the high demand for consumer electronics merchandise will make this a very short sale."

Store fixtures and equipment are also available for sale at the closing locations.

 

[Borg]

Sorry to see you go RadioShack

 

[jtbell]

A historical tidbit: their headquarters building in Fort Worth, Texas had its own subway (metro) line until 2002:

http://en.wikipedia.org/wiki/Tandy_Center_Subway

http://www.ktransit.com/transit/NAmerica/uscentral/dfw/lightrail/ftwlr04.jpg

It was built in the 1960s by a department store that originally occupied that location.

 

[nsaspook]

The secret behind the success of American business.

 

[nsaspook]

http://www.bloomberg.com/news/artic...iggest-shareholder-to-bid-for-retailer-s-name

Do you want to own "RadioShack"?

 

[Silicon Waffle]

http://www.bloomberg.com/news/artic...iggest-shareholder-to-bid-for-retailer-s-name

Do you want to own "RadioShack"?

Even after it is transferred to new owner(s), how sure are we of the potential development of the current business, its employees satisfaction of their career growth - I have no clue how the current process would be any of help to them at all ?

 

[montoyas7940]

The Radio Shack I loved has been gone for a while.

 

[dlgoff]

I want drawers.

Me got drawers today. I bought the store's last set.

 

[OmCheeto]

Me got drawers today. I bought the store's last set.

Sweet!
I've been shredding and burning all of my paperwork from the last 40 years over the last month.
I estimate that half of my receipts were from Radio Shack.
I also found a check stub made out to them, dated Sept 4, 1991, for over $1400.
I'm pretty sure I was paying off my RS credit card.
Some people have alcohol problems. Other people have drug problems.
I definitely had an electronics problem...

I bought my first computer from RS back around 1980. 4k of ram, running at 0.000895 Ghz.
Everyone made fun of it, because it had a "chiclet" keyboard.
I think that's somewhat funny now, as I'm typing on a Macbook Pro, with a, chiclet keyboard...

 

[Silicon Waffle]

Radioshack is dead, I'm glad that you bought it as a loot.. You may want to add more functionalities to your machines and Dream on...

 

[Silicon Waffle]

Is this the first time radioshack has kicked the bucket ? . what If its current owner resells the company.
I am amazed how a company can be resold year after year. (I don't know if it follows [US] business laws which I have no clue about also.)

 

[Astronuc]

Is this the first time radioshack has kicked the bucket ? . what If its current owner resells the company.
I am amazed how a company can be resold year after year. (I don't know if it follows [US] business laws which I have no clue about also.)

Radio Shack is both a brand and a corporation. The brand can survive long after the demise of the corporation.

I first encountered Radio Shack after is was acquired by Tandy Corporation. I used to buy electronics components to supplement a 100-in-one kit my parents bought me.
http://en.wikipedia.org/wiki/RadioShack

As others have indicated, it stopped being a 'radio shack' (i.e., an electronics hobby shop) along time ago.

 

[mheslep]

Me got drawers today. I bought the store's last set.

Since there the phrase "big corporations own/control America" garners well over a hundred million hits, does this liquidation purchase mean that dlgoff now owns/controls America (in part)?

 

[dlgoff]

Since there the phrase "big corporations own/control America" garners well over a hundred million hits, does this liquidation purchase mean that dlgoff now owns/controls America (in part)?

I'll sell it to you for $50 (what it cost me) and you too can see how it feels to be in control.