*Radio Shack Store Closing Thread* All posts about Radio Shack closing go here.
- Thread starter MK
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I saw a pile of those T-shirts the last time I was in a RS, and I thought, "Selling T-shirts now? The end is nigh."
My guess is that they go the Chapter 7 route, just like Circuit City did. And when they do, I'll be there for the liquidation sale.
w2xq
Mentor
If you look at a $RSH price chart going back six months, you'll see incredible price moves. Shorten the time span from day to, say, 15 minute intervals and the shifts within a day are even more dramatic. The pump-and-dump players on http://stocktwits.com/symbol/RSH, the bulls and the bears makes for interesting reading.
If the financing doesn't materialize by November 1, the company may file for bankruptcy. Cash is being burned at an incredible rate.
If the financing doesn't materialize by November 1, the company may file for bankruptcy. Cash is being burned at an incredible rate.
MTS2000des
5B2_BEE00 Czar
I have it from a reliable source they will be expected to file within the next 30 days.
This company has been circling the drain for 15 years.
Good move to cash out while you can!
Prices to high. To much invested in the sales area on phones. Poor store layout and lack of product on display. They took away the section to Ham Radio geeks and they employed none trained people to sell sell sell. The employees knew just enough to be dangerous. Yet i Loved my Radio Shack store and i will miss it. Shopping online sucks.
Fast1eddie
Member
They did this to themselves and although I would hate to see them go, that's they way our capitalistic system works. When I order electronic components online, granted I will have to wait a few days but I don't have to hear the stupid sales pitch for cell phones and other useless crap I do not need nor want....And with gas prices tearing everyone a new one, any shipping costs pale in comparison. I did like their ham gear and enjoyed their scanners.....Have a NIB Xtal early Pro model with a inop squelch I want to fix....Still enjoy manually tuning my 47 year old Pro-2 as I hunt for low band signals...Loved their older CB's, Science Fair P-Box kits and the yearly catalogs.
Bankrup by Nov.
w2xq
Mentor
Don't blame you. I got in at $0.57 and rode it up. Had a 5% sttop-loss order to protect profits and got taken out at $0.71 on a morning dip before it closed above $1 at EOD. Didn't try to chase it up to $1.73. I don't play casinos. The quarterly earnings report was worse than dismal.
Moved my attention to Sprint ($S) with better results
MTS2000des
5B2_BEE00 Czar
Parts sales and hobbyists cannot sustain a chain of stores this large with this much overhead. Rent alone on the storefronts is a huge OPEX.
It's all nice to have dreams of the 1970s when hoards of people came in to buy tubes, transistors, shortwave radios and stuff we like as hobbyists, but those days are long over.
Consumer electronics have shifted to disposable items. It broke? Go to Gabrage Mart and buy a new one. Not even the big name manufacturers provide much parts and service support to professional service shops anymore. Nobody outside of hobbyists and engineers even try to repair electronics. Nobody. E-waste is a huge problem because of this.
RadioShack rode the cellphone wave to keep the company afloat, borrowing from Peter to pay Paul. For every profitable location in a given district, there are 10-15 that have been chronically losing revenue for 20 years. The cell market is saturated and you can get a phone at Kroger of all places. And for less than RS.
Using your four function calculator, the numbers just don't add up.
There just isn't money in it anymore, and hasn't been for quite sometime.
It's all nice to have dreams of the 1970s when hoards of people came in to buy tubes, transistors, shortwave radios and stuff we like as hobbyists, but those days are long over.
Consumer electronics have shifted to disposable items. It broke? Go to Gabrage Mart and buy a new one. Not even the big name manufacturers provide much parts and service support to professional service shops anymore. Nobody outside of hobbyists and engineers even try to repair electronics. Nobody. E-waste is a huge problem because of this.
RadioShack rode the cellphone wave to keep the company afloat, borrowing from Peter to pay Paul. For every profitable location in a given district, there are 10-15 that have been chronically losing revenue for 20 years. The cell market is saturated and you can get a phone at Kroger of all places. And for less than RS.
Using your four function calculator, the numbers just don't add up.
There just isn't money in it anymore, and hasn't been for quite sometime.
ridgescan
Member
Let's face it-our "radio geekness" isn't enough to keep a business alive anymore. They were ok when radio was a serious medium. That's all. So +1 for the above poster^^ well said.
Still it saddens me to see them slowly bleed out
Still it saddens me to see them slowly bleed out
KampingAnthony1AolCo
Member
I agree with you. You can get a Tracphone at Kroger and Dollar General now. I used to get antennas from RS but I now go thru Tessco. Better selection
.
W8RMH
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Radio Shack began it's downfall when they thought they could survive in only the cell phone business and alienated their original customers in the areas of electronic hobbies and amateur radio.
VE3JSO
Member
they need to go back to their roots if not too late
There's no market to support their roots. The Internet happened. They can't compete with Mouser or Allied or DigiKey on component prices, and there just aren't as many electronics hobbyists as there were in the 70s and 80s.
I miss old musty rusty bins-of-parts Radio Shack too, but that time passed.
I miss old musty rusty bins-of-parts Radio Shack too, but that time passed.
cellphone
Silent key.
You can buy a BCD996XT on clearance for $100 with tax. I'm going to miss Radio Shack....
W8RMH
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My nephew's wife managed a RS. Her bosses stressed "sell them cell phones, we don't make any money selling parts".
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