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holy s*** RadioShack declared bankruptcy
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Debora Tsung
Perkone
Caldari State
#1 - 2015-02-06 07:33:41 UTC  |  Edited by: Debora Tsung
I mean shiart. o_O

EDIT: fixed funny typos in the title.

Stupidity should be a bannable offense.

Fighting back is more fun than not.

Sticky: AFK Cloaking Thread It's not pretty, but it's there.
Xtreem
Knockaround Guys Inc.
#2 - 2015-02-06 08:30:30 UTC
94 years and 4000+ stores, that is harsh

however, they have reached an agreement with others to sell off some stores etc so hopefully they will still be around for a bit longer.
Ria Nieyli
Nieyli Enterprises
SL33PERS
#3 - 2015-02-06 10:11:55 UTC
I'm not really familiar with what Radioshack does, but I can make a guess based on the name. It's always iffy when a business like that goes under.
Adunh Slavy
#4 - 2015-02-06 13:11:01 UTC
Cheap credit leading to far too many retail outlets, oops.

Radio shack not the only company in the same shape. Retail space in the US has expanded far beyond what is necessary.

Cheap credit, for both builders and buyers

http://davidstockmanscontracorner.com/bad-trend-breaking-retail-results-not-better-than-expected-but-worse-than-ever/


http://davidstockmanscontracorner.com/retail-sales-empty-stores-and-quiet-checkouts-belie-washingtons-seasonally-maladjusted-numbers/

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Khergit Deserters
Crom's Angels
#5 - 2015-02-07 01:57:21 UTC
Was sad when their sister company Tandy went under. It was like the Radio Shack of leather working. Punch awls, 20 kinds of steel tools for stamping design patterns onto Western belts. That kind of stuff. That closed long ago.

I kind of thing Radio Shack screwed up their franchise business model. They let people go with mini-stores, and didn't keep an eye on them. You could go into a little outback suburban store, and the guy is hard-selling you a US $80 USB cable. And you could go to a more trafficked Radio Shack store and get the same thing for 30 bucks. Chancey greed factor makes people want to go somewhere a little less chancey. Best Buy for example... Oh lord.
Ila Dace
Center for Advanced Studies
Gallente Federation
#6 - 2015-02-07 02:07:29 UTC  |  Edited by: Ila Dace
Khergit Deserters wrote:
Was sad when their sister company Tandy went under. It was like the Radio Shack of leather working. Punch awls, 20 kinds of steel tools for stamping design patterns onto Western belts. That kind of stuff. That closed long ago.

I kind of thing Radio Shack screwed up their franchise business model. They let people go with mini-stores, and didn't keep an eye on them. You could go into a little outback suburban store, and the guy is hard-selling you a US $80 USB cable. And you could go to a more trafficked Radio Shack store and get the same thing for 30 bucks. Chancey greed factor makes people want to go somewhere a little less chancey. Best Buy for example... Oh lord.

It was astonishing they lasted as long as they did. They made horrible business decisions, their purchasers were out of their minds... Still where else could you go and find that one particular transistor or resistor for that circuit board you were building.

I used to work at Radio Shack ages ago. I hated the work but enjoyed the customers... But I was a kid and it was my first post-high school job.

Reading this article (fairly good read) hit me in the feels as the young folks say: http://www.sbnation.com/2014/11/26/7281129/radioshack-eulogy-stories

TFA wrote:

On Thanksgiving, the people of RadioShack will be working for a company that has, perhaps, finally run out of new ways to make them sad. They are people who RadioShack never deserved. People who, God willing, will go on to find a job better than this one.

If House played Eve: http://i.imgur.com/y7ShT.jpg

But in purple, I'm stunning!
Omgitsbears
Caldari Provisions
Caldari State
#7 - 2015-02-07 04:01:42 UTC
I think the only people who really cared about RadioShack ended up going with monoprice.com, cause they are a lot cheaper and offer better products. I can see Radioshack going the way of Newegg, where they use to be a retail chain and then went online because that made the most sense.
Ila Dace
Center for Advanced Studies
Gallente Federation
#8 - 2015-02-07 04:37:12 UTC
Omgitsbears wrote:
I think the only people who really cared about RadioShack ended up going with monoprice.com, cause they are a lot cheaper and offer better products. I can see Radioshack going the way of Newegg, where they use to be a retail chain and then went online because that made the most sense.

But the management that made decisions like merchandising RC PT Cruisers is not smart enough to do that. They'd also be roughly 10 years late.

If House played Eve: http://i.imgur.com/y7ShT.jpg

But in purple, I'm stunning!