RadioShack
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- Snippet from Wikipedia: RadioShack
RadioShack (formerly written as Radio Shack) is an American electronics retailer that was established in 1921 as an amateur radio mail-order business. Its original parent company, Radio Shack Corporation, was purchased by Tandy Corporation in 1962, shifting its focus from radio equipment to hobbyist electronic components, sold in retail stores. Tandy closed Radio Shack's mail-order business, opening small stores that were staffed by people who knew electronics, cut items carried from 40,000 to 2,500, and replaced named brand products with private-labelled produces from lower-cost manufacturers. In the 1980s, the company branched into personal computers.
At its peak in 1999, Tandy operated over 8,000 RadioShack stores in the United States, Mexico, and Canada, and under the Tandy name in The Netherlands, Belgium, Germany, France, the United Kingdom, and Australia. Radio Shack reached its peak at the end of the 1990s and then fell into decline.
In February 2015, after years of management crises, poor worker relations, diminished revenue, and 11 consecutive quarterly losses, RadioShack was delisted from the New York Stock Exchange and subsequently filed for Chapter 11 bankruptcy. In May 2015, the company's assets were purchased by General Wireless, a subsidiary of Standard General, for US$26.2 million. In March 2017, General Wireless and subsidiaries also filed for bankruptcy and RadioShack announced plans to shift its business primarily online. RadioShack was acquired by Retail Ecommerce Venture and RadioShack operated primarily as an e-commerce website with a network of independently owned and franchised RadioShack stores. In May 2023, the El Salvador-based franchisee Unicomer Group acquired control of the worldwide RadioShack business.
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