RadioShack to Close Yet More Stores
RadioShack today said it plans to close as many as 200 more stores as its turn-around efforts stall. In March, the company announced it would close 1,100 stores by the end of the year. The closures combined will leave RadioShack with about 3,800 stores operating in the U.S. The company blamed its woes on poor sales of smartphones. RadioShack is in the process of updating both its image and its sales strategy with a focus on electronic entertainment devices. It sells devices from AT&T, Sprint, and Verizon Wireless.
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Sprint May Scoop Up Half of RadioShack's Stores
RadioShack and its creditors might sell half the company's stores to Sprint and close the remaining locations, reports Bloomberg. Sources familiar with the companies' plans suggest Sprint would rebrand the RadioShack stores, which would cease to exist as stand-alone electronics stores.
From the article:
"In March, the company said it would close as many as 1,100 of its more than 4,000 shops, but its lenders limited the closures to just 200 stores. RadioShack (RSH) will focus instead of remodeling some of its existing properties and rebranding."
They will be sorely missed
Maybe Radio Shack should stop trying to compete in the crowded cellphone space and get back to the basics. They could expand beyond electronics and become the one-stop shop for enthusiasts. Maybe something like Radio Shack, Fry's, Hobby Lobby, and Michael's all rolled into one. They should try to set themselves apart by becoming DIY paradise, imho.
This is just the loss...
Lower Prices = Higher Sales
They're not relevant anymore -- unfortunate to think that all those people will be out of a job though :-(
this is funny
Obligatory post from The Onion
http://www.theonion.com/articles/even-ceo-cant-figur ... »