Thisis BAD news as Americans had less or little to spend they just kept on buying those electronic toys... I have said when you see sales of electronics dwindle and/or cable/satellite TV subscriptions fall then we r in deep downward fiscal times. I am sure gas is cutting into every purchase outside the pump.
BB brought this on their own. They failed to keep up with changing consumer demand and buying habits. These brick and mortar stores are going the way of the book stores as someone else noted.
Way cheaper to buy online.
It’s not him, it’s them. They didn’t change correctly for the changes in their business. Most of their “middle of the store” stuff (music, movies, games) is available completely digitally and even in physical form cheaper with a wider selection elsewhere (mostly Amazon). Even a lot of their “perimeter” stuff (computers, TVs, car stereo, appliances) is easily acquired elsewhere, often directly from the manufacturer, again cheaper and with wider selection. To make up for that they’ve jumped big into the mobile market, selling other companies’ cellphones competing directly with those companies that almost never give them a discount, so once again the customer can buy it cheaper elsewhere, a market that Radio Shack has already proven is not profitable.