Philosophy
Well, all good things must come to an end eventually. And that includes Radio Shack. At one time it was the a place for electronic components, electrical accessories...Heathkits. Big Box stores and the Internet have killed the business.
by
Justin Worland
June 20th, 2014
Time
RadioShack faced the prospect of being removed from the New York Stock Exchange on Friday when its stocked dipped below $1 a share for the first time ever.
The milestone follows a long decline for the one-time electronics retail giant. The company has struggled to adapt to consumers shopping for electronics products outside traditional stores. That evolving market killed off Circuit City in 2009. Other retailers that met a similar fate include Tweeter Home Entertainment and CompUSA.
RadioShack’s stock peaked at more than $75 in the late 1990s. Some of the most dramatic losses have come in recent years. The company lost $400 million in 2013, and, earlier this year, it announced the closing of up to 1,100 stores.
RadioShack’s shares closed at $0.92 on Friday.
Old Radio Shack catalogs
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Philosophy
Radio Shack near death
Well, all good things must come to an end eventually. And that includes Radio Shack. At one time it was the a place for electronic components, electrical accessories...Heathkits. Big Box stores and the Internet have killed the business.
"RadioShack Is Now a Penny Stock"
by
Justin Worland
June 20th, 2014
Time
RadioShack faced the prospect of being removed from the New York Stock Exchange on Friday when its stocked dipped below $1 a share for the first time ever.
The milestone follows a long decline for the one-time electronics retail giant. The company has struggled to adapt to consumers shopping for electronics products outside traditional stores. That evolving market killed off Circuit City in 2009. Other retailers that met a similar fate include Tweeter Home Entertainment and CompUSA.
RadioShack’s stock peaked at more than $75 in the late 1990s. Some of the most dramatic losses have come in recent years. The company lost $400 million in 2013, and, earlier this year, it announced the closing of up to 1,100 stores.
RadioShack’s shares closed at $0.92 on Friday.
Old Radio Shack catalogs
- Dying Malls
Heard a story on NPR that retailers are optimistic about the resurgence of malls. Not sure if I share the feeling. Several of the malls around me are eerily empty, both of shoppers and stores. Malls that had been central locations in the community are...
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My Fellow Comedists, Today is the 70th birthday of Barry Hansen, better known as Dr. Demento. Long before we had YouTube and e-mail to help comedy go viral, Dr. Demento and his syndicated radio program were our primary vector for infectious laughter....
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A company will do anything to make a buck. "Walmart's Discounted Ethics" by Rana Foroohar May 7th, 2012 Time Walmart became the world's largest retailer by offering "everyday low prices" around the globe. Apparently,...
- Borders Liquidation Sale...not Quite True
I have seen this before...the furniture store that is quitting business and six months later open a new store two blocks away. I also recall a mom and pop photo store that was going out of business and would spend long hours at night marking everything...
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And, it will get worse especially in smaller communities...the Concrete Dinosaur Museum in rural America may have to close. "U.S. museums cutting back due to recession" by Christine Kearney March 13th, 2009 Reuters NEW YORK (Reuters) - Museums in New...