RadioShack Losing 400 Sam's Club-Based Kiosks
RadioShack has indicated via an SEC filing that the contract it has with Wal-Mart-owned Sam's Club to run some 400 kiosks selling wireless goods and services is set to expire soon. Rather than extend the contract, Wal-Mart is taking over the operation of the wireless kiosks within Sam's Club stores by June 30, which will reduce RadioShack's retail footprint. To make up for the loss, RadioShack is boosting its relationship with Target, where it will add kiosks. Even so, RadioShack warned that it will see a $10 to $15 million drop in its kiosk business profit for 2011 due to the kiosk loss.
Cricket Jumps Into Sam's Club Stores In Retail Push
Cricket Wireless today announced another expansion of its retail footprint with the addition of 400 Sam's Club Stores. Cricket says its phones and services are now available at more than 13,500 retail points around the country.
RadioShack Declares Bankruptcy, to Sell Stores to Sprint
RadioShack today filed for Chapter 11 bankruptcy protection and signed an agreement to sell approximately 1,750 of its stores to Sprint. Under the terms of RadioShack's Chapter 11 filing, RadioShack will sell the stores to Sprint and General Wireless, a subsidiary of one of RadioShack's major investors.
Judge Approves Sale of RadioShack Stores
A U.S. judge has given RadioShack permission to sell its 1,740 stores to Standard General, a hedge fund that plans to operate the stores with Sprint.
Sprint to Open 1,435 RadioShack Stores April 10
Sprint said it will re-open 1,435 RadioShack stores tomorrow that it acquired from General Wireless. The move will double the number of company-owned stores and give Sprint a much wider retail footprint around the country.
i started selling phones in a sams club kiosk 6-7 years ago, and they were talking about this happening then. hopefully this will be the beginning of the end for RS.
Right. 'Cause then thousands ...
It's a pity
RadioShack Corporation (NYSE:RSH) ranks 1st among Electronic Stores Companies by Return on Equity
RadioShack Corporation (NYSE:RSH) reported the gain of 0.77% and closed at $18.36 whereas overall traded volume stood at 1.55 million shares for the day. The company stands in profit with the profit margin of 5.08%
walmart employee hand u the phone and tells u good luck
Remember when there used to be TV sal...
really not seeing the benefit either
they will definitely lose money on the wireless...
Such bad Blood between Carrier stores & SCK
I feel sympathetic to the employees who may not have a job after Sams takes over the sck spaces. I've had my ups and downs with the Shack, and though I haven't agreed with every decision RS has made over the years, there will always be a special place in my heart. I wouldn't be where I am today if not for the great opportunity I had with the Shack.
I invite any SCK employees who are looking at their options t...