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.
"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.
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!