w2xq
Mentor
Job openings: http://www.jobsatradioshack.com/job-fairs.html.
*Radio Shack Store Closing Thread* All posts about Radio Shack closing go here.
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Xray
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I'm rooting for them to stay in business, but I gotta say some of their pricing is ludicrous.
I needed a cord for my electronic telescope, a power cord with with a ciggy style plug and a 5mm barrel end. I took my old non functioning one in to match it up, and they had one that matched - $25 !
I couldn't believe it and just said "I'll pass" and walked out ... I really wanted to do some moon gazing so I just took it apart and fixed it myself, what I should have done in the first place.
I would have paid up to $12 or so for something like that, they are either buying them for far too much or just, more likely, marking them up to the point where no one in their right minds is going to buy them.
I needed a cord for my electronic telescope, a power cord with with a ciggy style plug and a 5mm barrel end. I took my old non functioning one in to match it up, and they had one that matched - $25 !
I couldn't believe it and just said "I'll pass" and walked out ... I really wanted to do some moon gazing so I just took it apart and fixed it myself, what I should have done in the first place.
I would have paid up to $12 or so for something like that, they are either buying them for far too much or just, more likely, marking them up to the point where no one in their right minds is going to buy them.
I would like to see the company stay, too. The stores make for a good fallback, if something is needed right now.
I have have a friend who has had to go back to managing a store for them, when his planned post-RS work plans fell apart. (I do not want his retirement to have issues, either.)
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I have have a friend who has had to go back to managing a store for them, when his planned post-RS work plans fell apart. (I do not want his retirement to have issues, either.)
Sent via Tapatalk
RadioShack's days are numbered
The chain of 4,000 stores has just $62 million in cash left - a figure that is rapidly approaching zero. Things are so dire that it actually doesn't have enough money to close the 1,100 locations management says it needs to shutter.
Investors, credit rating agencies and the company''s lenders seem to be in agreement that RadioShack's days are numbered.
RadioShack's days are numbered - Jul. 31, 2014
The chain of 4,000 stores has just $62 million in cash left - a figure that is rapidly approaching zero. Things are so dire that it actually doesn't have enough money to close the 1,100 locations management says it needs to shutter.
Investors, credit rating agencies and the company''s lenders seem to be in agreement that RadioShack's days are numbered.
RadioShack's days are numbered - Jul. 31, 2014
w2xq
Mentor
More on $RSH cash decline et al. http://www.debtwire.com/info/2014/0...poses-potential-restructuring-trigger/[/utl].
mikepdx
Member
PLEASE die quickly RS.
A lingering death is an ugly thing
A lingering death is an ugly thing
RadioShack Says It May Need to File for Bankruptcy
RadioShack Says It May Need to File for Bankruptcy
RadioShack Says It May Need to File for Bankruptcy
The Shack provided me my first computer. The Radio Shack Color computer with 4k of memory. I ran out of memory on my first Basic program. So I took out the screws, never to be put back in, and upgraded to 16k. Set for life. Wrong! All and all thou the Shack got me headed in the right direction. Thanks.
RadioShack looking for quick cash
Maybe we'll be seeing more deeply discounted scanners in the next month or so...
RadioShack Warns It May File Chapter 11; Bonds In Price Discovery - Forbes
RadioShack warned Thursday it may not have enough cash to fund its operations beyond the “very near-term,” and said that it could seek a pre-packaged bankruptcy filing after reporting its tenth consecutive quarterly loss amid plummeting sales.
Maybe we'll be seeing more deeply discounted scanners in the next month or so...
RadioShack Warns It May File Chapter 11; Bonds In Price Discovery - Forbes
RadioShack warned Thursday it may not have enough cash to fund its operations beyond the “very near-term,” and said that it could seek a pre-packaged bankruptcy filing after reporting its tenth consecutive quarterly loss amid plummeting sales.
As someone else mentioned, you buy a telescope (or any type of electronic gadget) online, another store, etc. So you need a cable, or connector...Sometimes you can't wait a week to order online for instance. So where do you go...Home Depot electrical aisle...nope...Staples or Office Max...nope...Ace Hardware...nope. You'd think some existing business could absorb something like this into their business model. There is a market for connectors and cables and such. Not enough to support an entire franchise anymore though. I think the bigger scenario is that the majority of consumers (customers) don't "tinker" like pretty much everyone on this forum. Smart phones, tablets, and all of the related accessories are sold at WalMart, Target, etc. Aside from RF connectors, components, scanners, and all of the other things that you and I like, everything else at Radio Shack can be found elsewhere. Even dollar stores sell ear buds, power cords, phone cases, etc. Electronic kits I've seen at some mall toy stores at the holidays.
Consumers have changed, times have changed too. Few people tinker anymore, they want "apps". Few people put together a component stereo system in their homes anymore.(RS sold stylus "needles", cassette head cleaners). Hardly anybody puts a new stereo in their car (they have the dealer do it if the car doesn't already have a great radio). TV comes thru a cable now so who buys: Masts, rotors, antenna, F connectors). You get the idea.
I'd love to see a spreadsheet of what items they do sell now per month. there has to be someone in that organization that looks at what goods are top winners. I'm sure it's a pretty narrow segment though, and not enough to float the entire business.
I have a story to share that I think explains RS dilemma: I participated a few years ago in my son's Webelo's pack night. "Technology night" or some such thing. Well I made a simple spark gap transmitter from an old 12vdc relay wired like a buzzer, and brought a transistor AM radio to hear the Morse Code. I had planned to emphasize Morse Code a bit, show the code key, explain how the 12v battery was wired to the relay....nope they were more fascinated by the AM radio! They never saw one before...these little kids are being weaned on mom and dad's Smartphones, that's all they know. They were amazed you could get music for free. The DTV demos I've setup using a converter box and an antenna get similar reactions too from adults...you can get free TV? There's a lot of social pressure on consumers to be comfortable with whatever the latest got-to-have-it technology is right now. They will follow like sheep towards whatever is the hot thing right now. Granted all the new tech around us is pretty cool, and really doesn't require a lot of know-how to get it working....which is the downside.
From my own selfish wants...I'd like to see some kind of variant of RS somewhere. I like the idea of being able to buy resistors, some PC board, BNC/RF conns, relays, scanners, CB, coax cable, etc. Home Depot and Lowe's have been successful with the "do it yourself" business model...the idea that consumers can go buy stuff to work on their own homes. But i suspect that market is bigger than our segment of electronic/scanner/radio enthusiasts. So I would be curious if the parts and radio segment might find it's way into that kind of market place. If not, then online shopping will probably be where we all go instead of Radio Shack anymore.
Consumers have changed, times have changed too. Few people tinker anymore, they want "apps". Few people put together a component stereo system in their homes anymore.(RS sold stylus "needles", cassette head cleaners). Hardly anybody puts a new stereo in their car (they have the dealer do it if the car doesn't already have a great radio). TV comes thru a cable now so who buys: Masts, rotors, antenna, F connectors). You get the idea.
I'd love to see a spreadsheet of what items they do sell now per month. there has to be someone in that organization that looks at what goods are top winners. I'm sure it's a pretty narrow segment though, and not enough to float the entire business.
I have a story to share that I think explains RS dilemma: I participated a few years ago in my son's Webelo's pack night. "Technology night" or some such thing. Well I made a simple spark gap transmitter from an old 12vdc relay wired like a buzzer, and brought a transistor AM radio to hear the Morse Code. I had planned to emphasize Morse Code a bit, show the code key, explain how the 12v battery was wired to the relay....nope they were more fascinated by the AM radio! They never saw one before...these little kids are being weaned on mom and dad's Smartphones, that's all they know. They were amazed you could get music for free. The DTV demos I've setup using a converter box and an antenna get similar reactions too from adults...you can get free TV? There's a lot of social pressure on consumers to be comfortable with whatever the latest got-to-have-it technology is right now. They will follow like sheep towards whatever is the hot thing right now. Granted all the new tech around us is pretty cool, and really doesn't require a lot of know-how to get it working....which is the downside.
From my own selfish wants...I'd like to see some kind of variant of RS somewhere. I like the idea of being able to buy resistors, some PC board, BNC/RF conns, relays, scanners, CB, coax cable, etc. Home Depot and Lowe's have been successful with the "do it yourself" business model...the idea that consumers can go buy stuff to work on their own homes. But i suspect that market is bigger than our segment of electronic/scanner/radio enthusiasts. So I would be curious if the parts and radio segment might find it's way into that kind of market place. If not, then online shopping will probably be where we all go instead of Radio Shack anymore.
rapidcharger
Member
Quick Cash?!?
I know!
They can go to TitleMax!
http://youtu.be/69mzA-3xE-Y
Who needs the stock exchange?!
I know!
They can go to TitleMax!
http://youtu.be/69mzA-3xE-Y
Who needs the stock exchange?!
KampingAnthony1AolCo
Member
I fiqure they would raise prices on scanners for income. Just my option. Unless they are have a going out of business sale.
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Selling a few scanners, cell phones, and a bunch of toys around Christmas time (many of which break) is hardly a recipe for a successful business in 2014.
The company has failed to adapt to modern times and if they do not undergo a truly non-trivial transition to a modern, cool, hip, and trendy store VERY quickly, RS WILL disappear.
Frankly I don't see it happening. RS is very likely to disappear. I would short sell its stock with a target price of zero.
The company has failed to adapt to modern times and if they do not undergo a truly non-trivial transition to a modern, cool, hip, and trendy store VERY quickly, RS WILL disappear.
Frankly I don't see it happening. RS is very likely to disappear. I would short sell its stock with a target price of zero.
iMONITOR
Silent Key
They've been handing out $10 off coupons like candy. Probably trying to clear out inventory before the hammer drops.
KampingAnthony1AolCo
Member
The last time I was in a Radioshack store they kept trying to sell me their cell phones to me. I dont even remember when that was when I was last in a Radioshack store. I now go to a local radio shop that our city police deptmeant goes thru. I even have my own tech
.
Xray
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There used to be a couple kick *** electronic stores, one was called Tel Van in the Detroit area I'm sure some old timers will remember that one, you could spend half a day browsing the isles of electronic goodies.
They closed long ago as did another one, there is only 1 place left within 20 miles of me like that, its a mom & pop store and when mom & pop goes, so will the store. I feel bad walking into a radio shack these days, I almost want to buy a little something just to help them out. I suspect the majority of their income is from cell phones and accessories, as stated just not many DIY'ers out there anymore, certainly not enough to run a business that caters to them.
Radio shacks variety is so limited that most will just order from digikey or mouser if they need something, I was just in there today looking for a little rocker switch, they didn't have a single one so I ordered one from mouser.
TV's stereos ect they cannot really compete against best buy and/ or walmart, they have become a place where people go once in a blue moon to get an antenna or spool of solder. Scanners are almost a niche within a niche and, once again, plenty of options on line for those as well.
Hard to see them surviving, at the least I think they'll have to chop a majority of their stores and employees, perhaps they can survive by concentrating in high traffic areas with reduced overhead.
They closed long ago as did another one, there is only 1 place left within 20 miles of me like that, its a mom & pop store and when mom & pop goes, so will the store. I feel bad walking into a radio shack these days, I almost want to buy a little something just to help them out. I suspect the majority of their income is from cell phones and accessories, as stated just not many DIY'ers out there anymore, certainly not enough to run a business that caters to them.
Radio shacks variety is so limited that most will just order from digikey or mouser if they need something, I was just in there today looking for a little rocker switch, they didn't have a single one so I ordered one from mouser.
TV's stereos ect they cannot really compete against best buy and/ or walmart, they have become a place where people go once in a blue moon to get an antenna or spool of solder. Scanners are almost a niche within a niche and, once again, plenty of options on line for those as well.
Hard to see them surviving, at the least I think they'll have to chop a majority of their stores and employees, perhaps they can survive by concentrating in high traffic areas with reduced overhead.
dkf435
Member
Trying to figure out why people are trying to get deals on scanners that Radio Shack is the only support for and they do not stock parts or a service center to do the repair work. I am still owed a KEYPAD FOR MY 106. Radio Shack can suck the big one as they go down, they did it to themselves
David Kb7uns
David Kb7uns
rapidcharger
Member
Actually, I thought it was going to be t-shirts that saved the company.
I wanted to get this one... RadioShack Talk Nerdy to Me T-Shirt Small (Black) - RadioShack.com
They had them for $7
Now only $5!
But I went to 3 stores and non of them had any in my size.
I wanted to get this one... RadioShack Talk Nerdy to Me T-Shirt Small (Black) - RadioShack.com
They had them for $7
Now only $5!
But I went to 3 stores and non of them had any in my size.
MTS2000des
5B2_BEE00 Czar
I agree. This zombie company has been circling the drain for the past decade. Their business model is just too past it's day. Hundreds of longtime unprofitable locations with high overhead drag down the handful of stores that actually make money.
I saw this during a brief tenure with the company in 2000-2001. I worked at a $2 million dollar store in Atlanta, but it was in a district full of "dead weight" locations that saw less than 5 customers a DAY.
The pipe dreams many hams and hobbyists have of their local RS stocking shelves full of 4-pack resistor force feeds and parts galore will not save this sinking ship. Consumer electronics are disposable, non-repairable items. Even $1500 name brand flat screen TVs are non-repairable (according to the manufacturers) once the warranty period is over.
RS has had it's run, but it's long over. Preppers, makers, hams, scannists and tinkerers are not profitable when you have thousands of storefronts with high rent and OPEX costs and very little sales.
RS is DONE.
iMONITOR
Silent Key
If Radio Shack would stop trying to sell things at full list price, or more, they might pull in some quick cash. Otherwise, I hope they sink fast! :twisted:
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