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A Struggling RadioShack Will Close 20% of Its Stores
NY TIMES ^ | 3/4/14 | Elizabeth A Harris

Posted on 03/04/2014 7:07:14 AM PST by SoFloFreeper

RadioShack said Tuesday it would close about 1,100 of its stores in the United States, as weak holiday results prompted significant losses.

RadioShack has been struggling to revive its fortunes in recent years, in the face of a changed consumer electronics environment. In February 2013, it hired a new chief executive, Joseph C. Magnacca, from Walgreen, to help turn things around. But so far a turnaround has been elusive and its financial results have been deteriorating.

(Excerpt) Read more at mobile.nytimes.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: jobs; obamafail
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Obamanomics.
1 posted on 03/04/2014 7:07:14 AM PST by SoFloFreeper
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To: SoFloFreeper

Cool. Maybe it’s a good day to find a closeout bargain on a laptop.


2 posted on 03/04/2014 7:08:12 AM PST by OKSooner ("As the riders went on by him, he heard one call his name...")
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To: SoFloFreeper

I can’t really blame Obama for this one. I think they have an outdated business model.

Far too many stores to support the business and they never gained enough market share in cell phones to be a factor there.


3 posted on 03/04/2014 7:09:16 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: SoFloFreeper

Been in a Radio Shack lately? I avoid them if at all possible since the service in my neck of the woods sucks, and their prices are ridiculous. I would not miss them if all of them shut down. Just my 2 bits.


4 posted on 03/04/2014 7:10:01 AM PST by Foundahardheadedwoman (God don't have a statute of limitations)
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To: SoFloFreeper

I surprised it took this long. I’ve only gone there a few times when I needed some obscure smart part or adapter I couldn’t find anywhere else and there was never more than one or two other customers in the place. I always wondered how they made enough money to pay the rent.


5 posted on 03/04/2014 7:12:35 AM PST by circlecity
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To: SoFloFreeper

I’m sure shoddy merchandise and low intelligence sales staff had something to do with this. Everything I ever had that came from Radio Shack either didn’t work or quit working after a few weeks or months.


6 posted on 03/04/2014 7:16:01 AM PST by fatnotlazy
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To: SoFloFreeper

Wait... did Ellen advertise for them too? That’s they only way outdated retail models fail now right? I know so because I read it on this board.


7 posted on 03/04/2014 7:17:37 AM PST by Wyatt's Torch
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To: SoFloFreeper
OMG, Where will I buy my batteries!!!!

[Costco, BJs, Walmart, BatteriesRUs.com, BatteriesPlus, batteryPrice.com,....]

8 posted on 03/04/2014 7:17:38 AM PST by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: SoFloFreeper
Joseph C. Magnacca, from Walgreen

No one calls them Walgreen, anyway, the Radio Shack in our area closed though another one is not far off. They had their day, they have been around for a long long time, those stores. I agree, their prices seem largely exorbitant but as a short wave buff growing up, they had SW radios ready to find.

9 posted on 03/04/2014 7:18:21 AM PST by BeadCounter
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To: BeadCounter

I used to go to them for electronic components, good old days. Now they are “Phone” Shack.


10 posted on 03/04/2014 7:20:53 AM PST by Gadsden1st
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To: fatnotlazy
low intelligence sales staff

It used to be a place where the sales staff could answer questions and supply what you needed, or have it to your ASAP.

They've gotten awful. There's no point in a Radio Shack that can't offer knowledge and available merchandise.

11 posted on 03/04/2014 7:24:35 AM PST by grania
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To: SoFloFreeper
As a kid I would pour over a RS catalog, dreaming of SW radios and dual cassette players. Bought electronics kits to make things you could not buy, like one I made which was a SW adapter that made my AM car radio pick up world broadcasts.

wonder - do kids do things like that anymore?

12 posted on 03/04/2014 7:24:58 AM PST by virgil283 (When the sun spins, the cross appears, and the skies burn red)
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To: SoFloFreeper

Radio shack has become nothing but a reseller for the major mobile phone companies. I do however appreciate having them available if I need a new charger or something for a phone or computer and not having to battle the non sense at Wal Mart nor having to drive 20 mins to the closest Best Buy.

But, their day is done. Told my kids back in the 70’s and 80’s during the Super Bowl when they cool ad came out it was the place to go because for the very fact they were the first place to bring in cool electronic gadgets and they would let you touch them and play with them. Most of the electronic stores or buying options back in the day were mom and pop type stores or were housed in much larger department stores like Wards or Sears and they kept most of their stuff behind the counter or in glass cases. This was before the Best Buys, Circuit Cities, Fry’s etc made the scene. Good bye Radio Shack. And I say this because they are following the Blockbuster model of slow bleeding


13 posted on 03/04/2014 7:26:36 AM PST by The South Texan (The Drive By Media is America's worst enemy and American people don't know it.)
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To: C210N

http://www.stockedinusa.com/


14 posted on 03/04/2014 7:29:25 AM PST by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: fatnotlazy

The following Freeper responses do an excellent job in telling us why Radio Shack is going away.

Been in a Radio Shack lately? I avoid them if at all possible since the service in my neck of the woods sucks, and their prices are ridiculous. I would not miss them if all of them shut down. Just my 2 bits.

4 posted by Foundahardheadedwoman (God don’t have a statute of limitations)

To: SoFloFreeper

I surprised it took this long. I’ve only gone there a few times when I needed some obscure smart part or adapter I couldn’t find anywhere else and there was never more than one or two other customers in the place. I always wondered how they made enough money to pay the rent.

5 posted by circlecity

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To: SoFloFreeper

I’m sure shoddy merchandise and low intelligence sales staff had something to do with this. Everything I ever had that came from Radio Shack either didn’t work or quit working after a few weeks or months.

6 posted by fatnotlazy


15 posted on 03/04/2014 7:30:12 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: virgil283
wonder - do kids do things like that anymore?

Rarely.

16 posted on 03/04/2014 7:31:18 AM PST by Charles Martel (Endeavor to persevere...)
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To: virgil283

That’s a great story and would really take some know-how. In the last 10 years they had a thick catalog. I don’t know if they still do that. They must have something still.


17 posted on 03/04/2014 7:31:25 AM PST by BeadCounter
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To: SoFloFreeper

I wonder if Amazon or even Google could buy all of the stock at a firesale price and make something of it. They have plenty of locations and there are niches that need to be filled.


18 posted on 03/04/2014 7:35:32 AM PST by HChampagne
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To: Charles Martel; All

Does anyone remember Lafayette Electronics?

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


19 posted on 03/04/2014 7:35:54 AM PST by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: SoFloFreeper

Are they still demanding your name and full address to check out?


20 posted on 03/04/2014 7:37:58 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: virgil283
[neat electronic devices] wonder - do kids do things like that anymore?

A ray of hope:
TEEN INVENTS A BODY-HEAT POWERED FLASHLIGHT

21 posted on 03/04/2014 7:38:19 AM PST by Oatka (This is America. Assimilate or evaporate.)
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To: mylife

I had a Heathkit HW-101 CW SSB Transceiver.


22 posted on 03/04/2014 7:39:06 AM PST by Signalman
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To: grania

The staff is not only low-intelligence, but “on ya.” You come in the door and they’re on ya. I go there once a year or so for a simple mono earphone so I can listen to AM radio in bed. They last about a year and cost about $5. I know what I want and I know where to find it in the store, but the staff person insists on trying to show me something else.

Even years ago I avoided Radio Shack because you couldn’t just go in, grab what you wanted and check out. The cashier always wanted my name and address and phone number, even if I was paying with cash. I figured they were trying to build a customer list, but there was something creepy about.

Good riddance, Radio Shack!


23 posted on 03/04/2014 7:39:44 AM PST by duckworth (Perhaps instant karma's going to get you. Perhaps not.)
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To: Signalman

Lafayette use to be great.


24 posted on 03/04/2014 7:40:15 AM PST by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: SoFloFreeper

Radio Shack was perfectly positioned to jump into the growing micro-tech market since the mid 90s. That they have failed is a sign of bad merchandising, bad marketing and pricing, and overall bad management with weak long-term visions. I used to love to wander around those places as a kid in the 70s, but I could rattle off ten or so fatal strategic flaws in the ensuing years that any moron who ever worked in retail could have called.


25 posted on 03/04/2014 7:41:46 AM PST by ElkGroveDan (My tagline is in the shop.)
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To: mylife

I used to call them “Lousyette”. Poor quality, half the stuff you ordered wasn’t in stock.

Allied Radio was the place to go.


26 posted on 03/04/2014 7:44:46 AM PST by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: OKSooner
SCool. Maybe it’s a good day to find a closeout bargain on a laptop.

That sounds like a Tandy idea!

27 posted on 03/04/2014 7:44:59 AM PST by N. Theknow (Kennedys-Can't drive, can't ski, can't fly, can't skipper a boat-But they know what's best for you.)
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To: SoFloFreeper

This is not good —

Where will people go to return their Radio Shack stuff?


28 posted on 03/04/2014 7:48:33 AM PST by Uncle Chip
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To: mylife
Does anyone remember Lafayette Electronics?

Yep, I do indeed. I remember going to one of their stores in Florida in the '70s. I didn't realize that the FCC's CB radio changes was what crippled them.

29 posted on 03/04/2014 7:49:04 AM PST by Charles Martel (Endeavor to persevere...)
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To: SoFloFreeper

Where will I get my antenna wire?


30 posted on 03/04/2014 7:55:25 AM PST by Signalman
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To: Grampa Dave
Maybe RS should hire that guy who wrecked Penneys?
31 posted on 03/04/2014 7:56:41 AM PST by fatnotlazy
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To: Fresh Wind

We did not have an allied radio when I was growing up.


32 posted on 03/04/2014 7:57:09 AM PST by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: Signalman

Grove is gone too! :(

http://www.grove-ent.com/


33 posted on 03/04/2014 7:58:55 AM PST by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: SoFloFreeper

Radio Shack did this to themselves. They ditched the hobbyist as their customer base and became a cell phone store. There was a time you could walk into any Radio Shack and the guy behind the counter knew what you were talking about when you were looking for parts to fix your electronics. You walk in there now and ask for a 1 watt 250 ohm resistor and you get the deer in the headlights look.


34 posted on 03/04/2014 7:59:59 AM PST by sean327 (God created all men equal, then some become Marines!)
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To: sean327
Thank God for Digi Key
35 posted on 03/04/2014 8:03:19 AM PST by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: mylife

I use Newark now.

http://www.newark.com/products


36 posted on 03/04/2014 8:06:35 AM PST by sean327 (God created all men equal, then some become Marines!)
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To: sean327

Another good one.


37 posted on 03/04/2014 8:07:42 AM PST by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: Oatka
"TEEN INVENTS A BODY-HEAT POWERED FLASHLIGHT"

That's a smart kid , kinda gives you hope....thanks

38 posted on 03/04/2014 8:08:33 AM PST by virgil283 (When the sun spins, the cross appears, and the skies burn red)
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To: mylife
"Grove is gone"

Yeah I hate that...

39 posted on 03/04/2014 8:09:49 AM PST by virgil283 (When the sun spins, the cross appears, and the skies burn red)
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To: fatnotlazy

“Maybe RS should hire that guy who wrecked Penneys? “

That would be great, and Ellen the Degenerate and the radical hate America Gays could become RC’s spoke its.


40 posted on 03/04/2014 8:10:28 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: SoFloFreeper

I actually worked at Radioshack during my college days (mid 1990’s) and quite frankly I’m surprised they lasted this long. When I started, Radioshack catered to gadget and electronics enthusiasts, many of their customers were electronics tinkerers who built/repaired their own computers and other gadgets or were into amateur radio. They were intensely loyal customers. However, around 1997 Radioshack decided they no longer wanted or needed these customers, they felt they took up to much of the sales associates time and spent too little (or to put it as one District manager did at a sales meeting “We are no longer going to spend an hour helping somebody locate a $.89 transistor.” The company did away with their in depth training to new employees on electronics and small parts. They then began eliminating these items from the stores entirely. Then they instructed the sales associates to focus on customers who wanted high dollar items such as cell phones and computers. By the time I left in 1999, it had gotten so anybody that came in for a small part was essentially pointed toward a set of mail order catalogs and told that we couldn’t help them and to find what they needed themselves.


41 posted on 03/04/2014 8:12:21 AM PST by apillar
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To: virgil283

They were great for Antenna stuff.


42 posted on 03/04/2014 8:13:22 AM PST by mylife (Ted Cruz understands the law, and is not afraid of the unlawful.)
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To: SoFloFreeper

Hmmm, a brick and mortar store selling products to people who ‘get’ the Internet and use it... What could possibly go wrong?


43 posted on 03/04/2014 8:18:14 AM PST by GOPJ ("Putin's playing chess ... we;re playing marbles" - - Mike Rogers - R-Mich)
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To: virgil283

Somebody found a use for that movie?


44 posted on 03/04/2014 8:18:23 AM PST by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: mylife

Sorry, I didn’t make it clear that my comment was about mail order purchases, not retail stores. Where I lived, mail order was the only way to get anything electronic, other than the standard consumer fare in regular stores.

Sometime in the late 50s, Lousyette went heavily into selling cheap Japanese stuff, and this was before Japan discovered how to make a quality product.

Allied Radio (now Allied Electronics) is still thriving. Lousyette is gone.

For most of my purchases today, I use Mouser.


45 posted on 03/04/2014 8:20:09 AM PST by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: Signalman

Oh no! Where will I go to buy a $35 cable for my TV - which I will use for 3 days until the one I bought from Amazon for 3 dollars shows up - and then I return the one to Radio Shack?


46 posted on 03/04/2014 8:24:29 AM PST by privatedrive
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To: Grampa Dave

My niece was a “manager” at RS a while back.
She was working many hours for minimal pay.
She quickly realized this was a business on its way out.

She transferred to a growth industry - government job LOL.


47 posted on 03/04/2014 8:25:33 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: SoFloFreeper

Sad. When I was in high school and college they had all the component parts for amateur radio projects. Later they carried neat electronics and some of the first computers. Their prices were fair and it was my first stop for anything electronic. Most malls had a store and if not a trip to downtown would find one.

Not so much lately, their prices are one the problems. The price of their electronic components are way to high. I had to find other sources. Besides, the salesperson had NO clue what I wanted. I had to look through file cabinets of electronic parts to find the item I wanted, a PL-259 connector. Don’t even ask about co-axial cable. Sometimes I buy the components because I have to have it now and I have it in hand.

I still have lots of RS parts, radios & speakers, and my first computer, an old TX-1000 cpu system (now stored). I’m so old I can remember ordering from Radio Shack in the Boston area (I think) before it became franchised.

What they say about the life cycle of a business is true. Radio Shack has seen its best days.


48 posted on 03/04/2014 8:36:23 AM PST by Texicanus (Texas, it's a whole 'nother country.)
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To: SoFloFreeper
I used to be a fan of their stores. They used to be a first stop for speaker wire, jacks, etc. I still have a working Realistic direct drive turntable that I bought from them in the 80's. They have downsized the stores to the point they offer little but mobile phones and gadgets and toys. last time I went there it was for a little fuse that cost less than $2. My wife and I went there to get Christmas stocking stuffers.

I also live very near a Fry's, which has become my main stop for audio/video/computer supplies.

49 posted on 03/04/2014 8:37:47 AM PST by Sans-Culotte (Psalm 14:1 ~ The fool says in his heart, “There is no God.”)
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To: C210N
Actually, the batteries from Dollar General are surprisingly good. Only place I'll buy batteries.

And you don't have to give your zip code or phone number or any of that crap.

50 posted on 03/04/2014 8:51:57 AM PST by real saxophonist (More Cowbell.)
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