02-05-2015, 07:53 PM
|
#1
|
|
Franchise Player
Join Date: Oct 2001
Location: Behind Nikkor Glass
|
RadioShack files for bankruptcy
Quote:
RadioShack Corp., the 94-year-old consumer-electronics chain, filed for bankruptcy with a plan to turn about half of its 4,000 stores into Sprint Corp. locations and close the rest.
The company said Thursday that it has an agreement to sell 1,500 to 2,400 of its locations to a unit of Standard General LP, its biggest shareholder. Standard General has a deal with wireless carrier Sprint to set up stores-within-stores at as many as 1,750 locations. The rest will be shuttered under a deal with a liquidator, Hilco Merchant Resources.
|
http://www.bloomberg.com/news/articl...mount-i5spaw86
|
|
|
|
02-05-2015, 07:59 PM
|
#2
|
|
Franchise Player
Join Date: Jun 2004
Location: Calgary
|
suprising nobody.
|
|
|
|
|
02-05-2015, 08:00 PM
|
#3
|
|
Franchise Player
Join Date: Oct 2006
Location: Calgary
|
Frankly, I am shocked they lasted this long.
__________________
Fireside Chat - The #1 Flames Fan Podcast - FiresideChat.ca
|
|
|
|
|
The Following 7 Users Say Thank You to Caged Great For This Useful Post:
|
|
|
02-05-2015, 08:03 PM
|
#4
|
|
I believe in the Jays.
|
Radioshack still exists? I don't think I'd seen one in twenty years.
|
|
|
|
|
02-05-2015, 08:03 PM
|
#5
|
|
Scoring Winger
|
Where will I buy a 3' HDMI cable for $79?
|
|
|
|
|
02-05-2015, 08:05 PM
|
#6
|
|
Franchise Player
|
Weird, I thought the Source bought them a while back.
|
|
|
|
|
02-05-2015, 08:13 PM
|
#7
|
|
Franchise Player
|
I have fond memories as a kid of going to 3 different Radio Shacks (within reasonable (less than an hour) walking distance) and getting free batteries every month with a battery club card.
|
|
|
|
|
The Following User Says Thank You to Jacks For This Useful Post:
|
|
|
02-05-2015, 08:16 PM
|
#8
|
|
First Line Centre
Join Date: Oct 2006
Location: Cap Hell
|
http://www.theonion.com/articles/eve...ill-in-b,2190/
Quote:
|
Even CEO Can't Figure Out How RadioShack Still In Business
|
__________________
Quote:
Originally Posted by 3 Justin 3
All I saw was Godzilla.  |
|
|
|
|
|
The Following User Says Thank You to Art Vandelay For This Useful Post:
|
|
|
02-05-2015, 08:21 PM
|
#9
|
|
Franchise Player
Join Date: Feb 2006
Location: Calgary, AB
|
Quote:
Originally Posted by V
Weird, I thought the Source bought them a while back.
|
Circuit City bought their Canadian operations in 2004 and renamed all of their stores to The Source in 2005. Then, Circuit City went bankrupt and The Source got acquired by Bell.
Radio Shack has continued to operate in the US (and I think they had a few stores that weren't part of the Circuit City sale that kept the name in Canada).
__________________
Turn up the good, turn down the suck!
|
|
|
|
The Following User Says Thank You to getbak For This Useful Post:
|
|
|
The Following User Says Thank You to taco.vidal For This Useful Post:
|
|
|
02-06-2015, 01:36 AM
|
#11
|
|
Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
|
About damned time.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
|
|
|
|
|
02-06-2015, 01:46 AM
|
#13
|
|
Atomic Nerd
Join Date: Jul 2004
Location: Calgary
|
Radio Shack has been gone and dead in Canada for a long time. The Source is owned by Bell and will stick around a little while longer but I have started to see them close up.
|
|
|
|
|
02-06-2015, 05:54 AM
|
#14
|
|
Powerplay Quarterback
Join Date: Dec 2009
Location: SE Calgary
|
Talking about The Source, the other day I was looking for a plain jane VGA cable, so I went into the Southcentre one. Asked for a VGA cable, first the guy looked at me blankly and then he clued in and took me to the right shelf. He grabbed a cable and gave it to me, I looked at the price $29.99, I already knew that MemEx had cables for $9.99 I just didn't feel like making the trek, but for $20 I sure will. I walked out of the store, I am not sure how long that business model is going to survive.
__________________
"In theory, there is no difference between theory and practice. But in practice, there is" — Jan Van De Snepscheu
|
|
|
|
|
02-06-2015, 07:42 AM
|
#15
|
|
Ben
Join Date: Jan 2004
Location: God's Country (aka Cape Breton Island)
|
The Source has basically become a Bell Mobile store. It's a far cry from the Radio Shack days, but in fairness that's what electronics stores have become.
The people who need stuff that Radio Shack/The Source carry are willing to order online, smart phones has eliminated the need for cameras, video cameras, PDAs, mp3 players, heck even mini-systems.
All that's left are cell phones, TV's (with no margin), Blu-Ray players (no margin), video games and systems (no margin) and computers (laptops/tablets/towers all no margin).
When I worked there (no years ago) the push was on accessories as they had markup, but realistically walk into a Source, look around, look as the signs, and uniforms... it's a cell shop that also carries electronics. Heck even the cubicles are gone.
__________________
"Calgary Flames is the best team in all the land" - My Brainwashed Son
|
|
|
|
|
02-06-2015, 07:47 AM
|
#16
|
|
Powerplay Quarterback
Join Date: Oct 2012
Location: Calgary
|
Quote:
Originally Posted by taco.vidal
Oh, Battery of the Month Club, eliminating you was the start of the downfall.
 |
lol yes! This was the only reason I ever went in that place. At the time I had about 7 different guitar effects pedals going so I was always burning through 9 volt batteries.
|
|
|
|
|
02-06-2015, 08:15 AM
|
#17
|
|
Franchise Player
|
i wonder who is going to buy thier database? the names of millions who purcahsed batteries......i also assume that some government agency will step up and underwrite the batttery warranties that are outstanding
__________________
If I do not come back avenge my death
|
|
|
|
|
02-06-2015, 08:43 AM
|
#18
|
|
Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Crowsnest Pass
|
I remember making a crystal radio that worked.
|
|
|
|
|
The Following 2 Users Say Thank You to troutman For This Useful Post:
|
|
|
02-06-2015, 08:48 AM
|
#19
|
|
Franchise Player
|
Sprint in the US, Bell in Canada. Time marches on.
|
|
|
|
|
02-06-2015, 07:50 PM
|
#20
|
|
Lifetime Suspension
|
Matthew Good has another song to write!
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 12:43 PM.
|
|
