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Radio Shack Reported To Be Ready for Bankruptcy Filing
hij writes A number of news reports are coming out the Radio Shack is ready to file for bankruptcy. The stock price has tanked on Wall Street. There are conflicting reports that they are seeking more credit and they may be bought for their assets. (The Wall Street Journal has the story, but paywalled.)
Great article on their imminent demise. http://www.sbnation.com/2014/1...
Probably inevitable, but sad nonetheless. Some of my fondest memories of my Dad are of visiting Radio Shack with him.
"The wisdom of the Patriarchs was that they *knew* they were fools." --Master Foo
With the resurgence in the maker movement, RS might have been in the right position to take advantage of it, but instead had tacked towards a mobile phone mall storefront with some overpriced toys, horrifically overpriced, low end consumer electronics, and batteries.
Sadly, there's probably not enough volume in the maker niche to keep all of the stores afloat at competitive pricing (i.e., not $35 for an Uno board that can be had from Amazon for $18 and from foreign shippers at $12), but it would be awfully cool to have racks of parts and components in at least one store in every town.
Is it just my observation, or are there way too many stupid people in the world?
Maybe Amazon should buy them and convert them into Amazon fulfillment centers.
Last time I went there I needed a 1/8" audio jack and some solder. It was great, I don't know where else I could have gotten those things in 20 minutes, but $8/year doesn't keep a store open, and the times I need those connectors are few and far between.
Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
How long as it been since you went into one?
For the last couple of years I've been able to buy switches and relays and lamps at the one near me, and they haven't harrassed me when I've gone in either.
Tandy Corporation (remember when they were called that?) got screwed up a long time ago. They tried that Incredible Universe chain as a competitor to Fry's, but screwed that up so badly that Frys ended up taking over those store locations after Tandy spent all that money building them. They tried "Tech America" as a way to go austere and provide us with an outlet for all of the discrete stuff that we needed in a local warehouse, but somehow that folded too after they renamed the store "Radioshack.com".
By the time they started putting components and heathkits and stuff into their regular stores again the damage was already done.
Do not look into laser with remaining eye.