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RadioShack May Gain Second Life Thanks to Shareholders

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They need to

PhoneMan23

Sep 26, 2014, 4:46 PM
Lower the prices of their products as their quality or lack of it, doesn't justify their higher prices.

Find a way to subsidise phones even more so and make it easier for lower income folks to have nice phones.

I don't know how it is elsewise in the country but they need to close stores that are within 5 miles of each other. Over saturation of their market is killing them as well.

Re-educate their workforce, similar to Apple techs in Apple stores. Make them a go to source of information and tech knowledge as they used to be once.

Don't go back to T-Mo no matter what. They never made money with that horrible carrier.
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bobc74

Sep 26, 2014, 5:08 PM
How does offering more subsidizing on phone help RS? It's usually those same lower income folks who end up havint issues paying their wireless bills, thus hurting RS' relationship with the carriers. Back in 2003-2004 Sprint experimented with offering credit challenged customers 2 lines of service with only a $25 deposit. A majority of those customers defaulted on their contracts by not paying their bills after several months.
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Globhead

Sep 26, 2014, 5:11 PM
> Lower the prices of their products as
> their quality or lack of it, doesn't justify their higher prices.

You can't just lower prices at a convenience-store-style business. They need to get exclusive products, even just with minor-yet-intelligent feature choices, to make people pay a little more. They used to do this for decades.


> Find a way to subsidise phones even more
> so and make it easier for lower income folks
> to have nice phones.

Feel free to offer actual ideas, but it seems unlikely.


> I don't know how it is elsewise in the country but
> they need to close stores that are within 5 miles
> of each other.

Good advice, but they've already been doing it. Eventually you end up in a situation where you e...
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dougm

Sep 28, 2014, 11:34 AM
The world needs more rational, logical, reasonable people like you, Globhead.
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Shakezula84

Sep 26, 2014, 10:33 PM
The only thing radioshack can really do is get an educated work force (I use to work at radioshack and felt like crap that all I could do was sell phones) and lower prices.

However prices cannot be lowered too much. I ran a radioshack and we made, after instore expenses, $1000 in profit. And my store was on the highend in our district. And this was after they stopped dinging the individual stores for chargebacks.

Interesting tidbit, but the amount of chargebacks radioshack recieved for one year equaled how much they were below zero in profits. The biggest culprit? RadioShacks abilty to make postpaid phones free. Run my credit, two free phones, and then I sell the phones and I got nothing out of pocket.
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thebriang

Sep 29, 2014, 2:05 PM
Exactly, that's the Real Problem right there...bad sales.

There is nothing in america as profitable as cellular and if each store made a couple of good sales each day they would be just fine. Instead each store gets several returns or swaps each day because they don't know how to train sales people to make good sales, and That's why the store makes no money.

Training people and keeping people are the other two problems, they tried to turn a educated ales position into an employment meat grinder, lay off the old people that make a dollar more and throw another minimum wage body at it. Then in a month or two after they get 10 returns, just get another minimum wage body to fill the crappy part-time hours you gave them.

They absolutel...
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T Bone

Sep 29, 2014, 3:23 PM
Often the problem is poor salesman, but just as often the problem is crazy customers.

I don't even know how many times I have spent several minutes trying to convince a customer that what he was trying to buy was a bad idea, or it wouldn't work for him, wrong for him, only to have him insist that I didn't know what I was talking about and decided to sell him what he insisted he wanted.

Of course, he turns around a couple days later and returns it, which I knew he would do the instant the sale happened.

When you warn a customer, for example, that signing up for a contract with Sprint despite the fact that you informed them that Sprint has no coverage where they live is a really bad idea...and they insist they want to sign the ...
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