Why did RadioShack close down?
The company had too many stores that cannibalized revenues from each other and generated losses. RadioShack failed to adapt and stay relevant when most electronics sales shifted online, and the retailer was stuck in brick-and-mortar locations only.
Are there any radio shacks around anymore?
Short answer: Radio Shack proper still lives online, albeit with a slimmer catalog. Meanwhile, about 400 stores bearing the Radio Shack name operate independently of REV, Associated Press reports.
Who currently owns RadioShack?
In May 2015, General Wireless Inc., an affiliate of Standard General, bought the company’s assets, including the RadioShack brand name and related intellectual property, for US$26.2 million.
Why did Radio Shack change its name?
RadioShack Corp. is launching a branding campaign in the hopes of jazzing up its image. The 88-year-old electronics retailer now wants to be referred to as “The Shack.” It is shifting towards mobile products, and away from old-fashioned things like radios.
What happened Circuit City?
In November 2008, the 59-year-old company filed for bankruptcy. Within months, it closed its stores and liquidat- ed more than $1 billion worth of merchandise, and on March 8, 2009, the last Circuit City store turned off its lights for good.
Who owns Tandy?
Acquisition by Woolworths In April 2001, Woolworths Group acquired Tandy Electronics for $112.6 million from InterTAN Australia Limited (a subsidiary of International Tandy).
What brands did Radio Shack sell?
RadioShack Brands
- AntennaCraft (outdoor antennas and amplifiers)
- Auvio (audio/video cables, LCD TV’s, headphones, premium surge protectors and speakers)
- Enercell (batteries and power)
- Gigaware (computer, GPS and iPod accessories, mp3 players and accessories, as well as digital cameras, digital camera accessories)