RadioShack To Rebrand As "The Shack"?
Harry writes "Rumor has it that RadioShack is planning to re-brand itself as The Shack later this year, after eighty-eight years under the old name (most of them with a space in between 'Radio' and 'Shack'). I hope it's not true, because I don't think the move would do a thing to make the retailer a better, more successful business." Where will we go to buy soldering irons and those RCA to headphone jack adapters now?
It's very dangerous to rebrand because of how much you lose vs how much you gain. IBM makes bugger all money from "International Business Machines" these days but they wouldn't want to lose a brand everyone knows. Same for "Carphone Warehouse" in the UK, they don't want to lose the recognition despite the fact no-one has called a cell/mobile phone a car phone in 2 decades.
And Microsoft's stuff certainly isn't small. (*sidesteps hook*)
So despite the lack of "Radio" as their main business, they should REALLY look and see if the number of people who say "I don't need a radio I won't go there" might be outnumbered by the people who will end up saying "What the f is "The Shack"?". It sounds like somewhere you'd buy a very dodgy Hawaiian style shirt.
The main problem is that a "shack" usually connotes a cheap, run down house. Not really the image they should try to project.
(I know "clam shack", "radio shack", etc. don't really have such a connotation. I'm just talking about the word "shack" when it's used all by itself.)
"Where will we go to buy soldering irons and those RCA to headphone jack adapters now?"
Digikey?
Not to be an old grumpy man, but RS has missed out on the electronics maker revolution of the past decade. They could have been on the ball, like NewEgg, for the PC modding market but failed to adapt to the market. The RS of today is but a poor imitation of the RS of the '70s and '80s. Full of crap, obsoleted models and cheap junk. /Now get off my lawn.
Radio Shack has been an irrelevant vendor of cell phones and cheap 2nd tier consumer electronics for a decade. Long gone are the days when one ran down there to pick up a couple of capacitors and transistors to finish that weekend project.
In the last decade or so, Radio Shack seems to have been really pushing to become more of a "boutique electronics retailer", ditching their image as a "parts store" for hobbyists. I guess on one hand, I understand the desire - because there's not a lot of profit in individual sales when your customers want a package of resistors, a spool of wire, or some $10 pliers or cutter tool.
But I don't think their obvious alternative has worked out very well for them either. They're stuck trying to compete with much larger stores like Best Buy, and getting killed merely because Radio Shack doesn't have enough floor space in a store to carry the variety people expect when shopping for a new flat panel TV set or stereo, or computer.
Reminding people that their stores are small "EG. "The Shack" is emphasizing what may be their biggest negative in the market-space they're working in!
My local 'Shack' hasn't sold real electronics for years now. I've gone there 4 times over the past two years. Once they had something that kinda worked. The other two times I eneded up finding it at Wal-Mart. I'm really not sure why I bother, except that they are in the same minimall as Wal-Mart.
This line made me chuckle:
"Where will we go to buy soldering irons and those RCA to headphone jack adapters now?"
Mine doesn't carry soldering irons, and they might have a place on the shelf for the adapters, but I'd be shocked if they have any stock. It's really quite sad. They wonder why they are going out of business...it's because they've changed their competition from Ace Hardware to Best Buy. And competing with Best Buy is always a good idea, isn't that right Circuit City and CompUSA?
A year from now, I predict 'The Shack' will be liquidating assets under Chapter 11. Anyone wanna take that bet? It would be smarter than buying Radio Shack stock.
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A very unusual project at work required me to make a mono audio jack to RJ11 cable.
My first thought was 'Radio Shack.' I'm digging through the drawers of connectors and the salesman came over and asked if I needed any help. (I was the only one in the store, he was probably bored.) I explained the project and got a blank stare.
I eventually found bits that worked for my purposes (1/4" mono jack, screw down...no soldering iron at work, not that I'd want to risk it in the first place, I'm not that coordinated... and a 1/4" to 1/8" mono jack converter. Incidentally the converter was 3x as much...go fig.) Paid and left.
I couldn't help but think if this was 10, 15 years ago not only would I not have gotten a blank stare, if it was that slow they might have offered to even make it while i was there.
It used to be that if you walked into a Radio Shack and saw a bunch of TRS-80 computers, a wall full of electronic parts, total geeks working behind the counter, you might get the impression that the TV's and Stereos that they carried were pretty good stuff, because the whole store screams geek.
By getting rid of the geeky electronics image, they've kinda undermined their consumer electronics brand... were I a consumer electronics retailer, I would carry a mix of hobbyist equipment and just let it sit on the shelves, and premium products, and I'd bet one could establish a brand.... I mean, if Home Depot can make 100B a year selling the idea that you build a deck yourself, why not have people put together their own PCs and LCD tvs...
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