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Report: RadioShack to close all stores, sell half to Sprint
KTRS ^ | 2/2/15 | KTRS

Posted on 02/02/2015 1:46:48 PM PST by raccoonradio

Radio Shack has been selling communication equipment since 1921, but according to Bloomberg, the retail chain will not be celebrating a 100th birthday. As part of a bankruptcy deal, RadioShack Corp. will be shutting down their entire chain of 7,000 tech stores, half of which will be reportedly sold to Sprint. According to the report, RadioShack locations that are sold to Sprint would operate under the wireless carrier’s name, meaning RadioShack would cease to exist as a stand-alone retailer. RadioShack received a rescue financing package from Standard General LP in October, and the hedge fund would serve as the lead bidder in a filing and provide debtor-in-possession financing after filing, said the people. That would allow the investment firm to recoup some of the costs of the $535 million loan. Liquidating the stores also would let RadioShack avoid a battle with lenders over control of the company.


TOPICS: Miscellaneous
KEYWORDS: analogelectronics; radioshack; retail
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To: P-Marlowe
Now where will I buy my resistors and capacitors? ... Frys

Fry's has a pitiful selection of everything, the shelves are organized by morons, and their prices are too high. Try Digi-Key or Mouser. It is worth the shipping delay.

141 posted on 02/02/2015 7:19:30 PM PST by GingisK
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To: Myrddin
RE:”I just re-wired my living room stereo gear on Saturday night. The front speakers are the one’s I purchased from Radio Shack for $88 each. They are Pioneer speakers under a Radio Shack label. Still good after over 40 years. They were purchased with money earned working at Farrell's Ice Cream Parlor during my senior year in high school. “

That was the name, Pioneer. I couldn't remember its so long ago.

My Speakers lasted ~ 21 years and then one stopped working and so I replaced them both with the three speaker Bose system which are pretty darn good and take up much less room,

142 posted on 02/02/2015 7:28:14 PM PST by sickoflibs (King Obama : 'The debate is over. The time for talk is over. Just follow my commands you serfs""')
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To: MAKOTHEDOG

Fry’s carries DeOxIt.


143 posted on 02/02/2015 7:58:55 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: GingisK

FWIW, Radio Shack is pretty much responsible for both of my sons ending up as Engineers.


144 posted on 02/02/2015 10:30:47 PM PST by P-Marlowe (Saying that ISIL is not Islamic is like saying Obama is not an Idiot.)
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To: sickoflibs
My Speakers lasted ~ 21 years and then one stopped working and so I replaced them both with the three speaker Bose system which are pretty darn good and take up much less room,

Speaker technology has come a long way in 21 years. I have a bluetooth speaker that fills my room with beautiful sound and can fit in my pocket. It cost about $125 but worth every penny.

145 posted on 02/02/2015 10:33:56 PM PST by P-Marlowe (Saying that ISIL is not Islamic is like saying Obama is not an Idiot.)
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To: minnesota_bound
Steering starships? Cooool!

That photo I posted is a Japanese wavac HE-833 mono amplifier for high-end stereo systems - so you need 2 for a stereo system. My company introduced the brand to the US market with the top model retailing at $350k - photo below.


146 posted on 02/03/2015 2:25:14 AM PST by newfreep ("Evil succeeds when good men do nothting" - Edmund Burke)
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To: raccoonradio

My uncle, who was only a year older than I got into RS when it was Tandy Leatherworks. For a company that has focused on DIY stuff, there was no comparison!


147 posted on 02/03/2015 2:33:33 AM PST by djf (OK. Well, now, lemme try to make this clear: If you LIKE your lasagna, you can KEEP your lasagna!)
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To: P-Marlowe
Radio Shack is pretty much responsible for both of my sons ending up as Engineers.

I bought components there in my youth as well, but changed my sources once I learned where to get them. Allied Radio, which eventually bought Radio Shack, became my primary source of components. They made "Knight Kits" which soon became non-existent once Radio Shack took over Allied's hobby lines. Component prices soared very high, quality collapsed, and selection became poor under Radio Shack. By 1969 it was better to order components from other suppliers.

I think upon closer inspection you would agree that your sons are largely responsible for themselves becoming engineers.

148 posted on 02/03/2015 9:30:49 AM PST by GingisK
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To: Gamecock

Back when Roach was chairman, i had his office number. I gave it to the store guys.


149 posted on 02/03/2015 3:42:14 PM PST by Professional Engineer (You all can go to hell, I'm going to Texas.)
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To: Professional Engineer; Larry Lucido; F15Eagle

LOL!

My question was an obscure Seinfeld quote. Little game a few of us play.


150 posted on 02/03/2015 5:00:13 PM PST by Gamecock (Joel Osteen is a minister of the Gospel like Captain Cruch is a Naval line officer.)
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