General Wireless Operations, Inc. At its peak in it operated stores in the United StatesMexicoUnited KingdomAustraliaand Canada. On February 5,the company filed for Chapter 11 protection under United States bankruptcy law after 11 consecutive quarterly losses. General Wireless filed for bankruptcy in Marchafter claiming its Sprint partnership was not as profitable as expected, [4] and announced plans to close all but 70 [5] of their company owned stores after Memorial Day Weekend of[1] and shift its business primarily to online.

The company was started as "Radio Shack" in by two brothers, Theodore and Milton Deutschmann, who wanted to provide equipment for the then-nascent field of amateur, or ham radio. The brothers opened a one-store retail and mail-order operation in the heart of downtown Boston at 46 Brattle Street. They chose the name " Radio Shack ", which was the term for a small, wooden structure that housed a ship's radio equipment. The Deutschmanns thought the name was appropriate for a store that would supply the needs of radio officers aboard ships, as well as hams amateur radio operators.

The company issued its first catalog in [8] as it entered the high fidelity music market. InRadio Shack began selling its own private-label products under the brand name Realistchanging the brand name to Realistic after being sued by Stereo Realist. After expanding to nine stores plus an extensive mail-order business, [9] the company fell on hard times in the s.

Radio Shack was essentially bankrupt, but Charles D. The Tandy Corporation, a leather goods corporation, was looking for other hobbyist-related businesses into which it could expand. Tandy closed Radio Shack's unprofitable mail-order business, ended credit purchases and eliminated many top management positions, keeping the salespeople, merchandisers and advertisers.

Private-label brands from lower-cost manufacturers displaced name brands to raise Radio Shack profit margins; [11] non-electronic lines from go-carts to musical instruments were abandoned entirely. Customer data from the former Radio Shack mail-order business determined where Tandy would locate new stores.

As an incentive for them to work long hours and remain profitable, store managers were required to take an ownership stake in their stores. Tandywho had guided the firm through a period of growth in the s and s, died of a heart attack at age 60 in November Inthe breakup of the Bell System encouraged subscribers to own their own telephone extensions instead of renting them from local phone companies; Radio Shack offered twenty models of home phones.

Much of the Radio Shack line was manufactured in the company's own factories. The company manufactured everything from store fixtures to computer software to wire and cable, TV antennas, audio and video tape. In JuneTandy closed or restructured its Radio Shack Computer Centers, [17] acquired Computer Cityand attempted to shift its emphasis away from components and cables, toward mainstream consumer electronics. House-brand products, which Radio Shack had long marked up heavily, were replaced with third-party brands already readily available from competitors.

This increased merchandise costs for the chain, while limiting ability to inflate prices at the retail level. InTandy attempted to launch big-box electronics retailer Incredible Universe ; [22] most of the seventeen stores never turned a profit. Its six profitable stores were sold to Fry's Electronics in ; the others were closed.

Tandy closed the McDuff stores and abandoned Incredible Universe inbut continued to add new RadioShack stores. Inthe company introduced a service known as "The Repair Shop at Radio Shack", through which it provided inexpensive out-of-warranty repairs for more than 45 different brands of electronic equipment.

InRadioShack successfully petitioned the US Federal Communications Commission to allocate frequencies for the Family Radio Servicea short-range walkie-talkie system which proved popular. From the s until the early s, Radio Shack promoted a "battery of the month" club; a free wallet-sized cardboard card offered one free Enercell a month in-store. The cards also served as generic business cards for the salespeople.

InTandy Corporation bought Allied Radio Corporation both retail and industrial divisionsmerging the brands into Allied Radio Shack and closing duplicate locations. After a federal government review, the company sold off the few remaining Allied retail stores and resumed using the Radio Shack name.

Allied Electronicsthe firm's industrial component operation, continued as a Tandy division until it was sold to Spartan Manufacturing in In the s, the chain expanded into the UK under the Tandy name; Tandy entered the Australian market in The international expansion operated through a subsidiary spun off as InterTAN in June [36] which operated Tandy or Radio Shack stores until UKAustralia and Canada.

The longest-running product for Radio Shack was the Realistic Flavoradio, sold from to15 years in the same design. This also made the Flavoradio the longest run in radio history.

Originally released in 6 colors or flavors, strawberry, orange, lemon, avocado, blueberry and grape, the line grew to eleven flavors. They were made in Korea, Hong Kong and the Philippines. When the Flavoradio name was dropped init was the last AM-only radio on the market. Intwo years after the MITS AltairRadio Shack introduced the TRSone of the first mass-produced personal computers.

Tandy also inspired the Tandy Computer Whiz Kidsa comic-book duo of teen calculator enthusiasts who teamed up with the likes of Archie and Superman. In the mids, Radio Shack began a transition from its proprietary 8-bit computers to its proprietary IBM PC compatible Tandy computersremoving the "Radio Shack" name from the product in an attempt to shake off the long-running nicknames "Radio Scrap" [43] and "Trash 80" [44] to make the product appeal to business users. Poor compatibility, shrinking margins and a lack of economies of scale led Radio Shack to exit the computer-manufacturing market in the s after losing much of the desktop PC market to newer, price-competitive rivals like Dell.

InRadioShack began selling IBM 's Aptiva line of home computers. In the mids, the company attempted to move out of small components and into more mainstream consumer markets, focusing on marketing wireless phones. This placed the chain, long accustomed to charging wide margins on specialized products not readily available from other local retailers, into direct competition against vendors such as Best Buy and Walmart.

In Maythe company dropped the Tandy name altogether, becoming RadioShack Corporation. The leather operating assets were sold to The Leather Factory on November 30, ; [49] that business remains profitable. House brands Realistic and Optimus were discontinued. In the company agreed to carry RCA products in a five-year agreement for a "RCA Digital Entertainment Center" store-within-a-store.

Enercella house brand for dry cell batteries, remained in use until approximately Most of the RadioShack house brands had been dropped when Tandy divested its manufacturing facilities in the early s; the original list included: Realistic stereo, hi-fi and radioArcher antenna rotors and boostersMicronta test equipmentTandy computersTRS proprietary computerScienceFair kitsDuoFone landline telephonyConcertmate music synthesizerEnercell cells and batteriesRoad Patrol radar detectors, bicycle radiosPatrolman Realistic radio scannerDeskmate softwareKitchenMateStereo ShackMach OneSupertape recording tapeOptimus speakers and turntablesFlavoradio pocket AM radios in various coloursWeatheradioPortavision small televisions and Minimus speakers.

InRadioShack was one of multiple backers of the CueCat barcode reader, a marketing failure. The last annual RadioShack printed catalogs were distributed to the public in UntilRadioShack routinely asked for the name and address of purchasers so they could be added to mailing lists. Name and mailing address were requested for special orders RadioShack Unlimited parts and accessories, Direc2U items not stocked locallyreturns, check payments, RadioShack Answers Plus credit card applications, service plan purchases and carrier activations of cellular telephones.

On December 20,RadioShack announced the sale of its newly-built riverfront Fort Worth, Texas headquarters building to German-based KanAm Grund; the property was leased back to RadioShack for 20 years. InRadioShack assigned this lease to the Tarrant County College District TCCremaining insquare feet of the space as its headquarters. InRadioShack parted with Verizon for a year agreement with Cingular and an year agreement with Sprint. RadioShack had not made products under the Realistic name since the early s.

Support for many of Radio Shack's traditional product lines, including amateur radio, had ended by In mid-DecemberRadioShack opened three concept stores under the name "PointMobl" to sell wireless phones and service, netbooksiPod and GPS navigation devices.

The three Texas stores DallasHighland Village and Allen were furnished with white fixtures like those in the remodelled wireless departments of individual RadioShack stores, but there was no communicated relationship to RadioShack itself.

Had the test proved successful, RadioShack could have moved to convert existing RadioShack locations into PointMobl stores in certain markets.

While some PointMobl products, such as car power adapters and phone cases, were and still are carried as store-brand products in RadioShack stores, the stand-alone PointMobl stores were closed and the concept abandoned in March In AugustRadioShack rebranded itself as "The Shack".

RadioShack aggressively promoted Dish Network subscriptions. In NovemberRadioShack introduced Amazon Locker parcel pick-up services at its stores, only to dump the program in September Long-time staff [ who? Morale was abysmal; longtime employees who were paid bonus and retirement in stock options saw the value of these instruments fade away. InRadioShack called itself the single largest seller of consumer telecommunications products in the world; its stock reached its peak a year later.

InterTANa former Tandy subsidiary, sold the Tandy UK stores in and the Australian stores in InterTAN was sold with its Canadian stores to rival Circuit City in The RadioShack brand remained in use in the United Statesbut the 21st century proved a period of long decline for the chain, which was slow to respond to key trends—ranging from e-commerce and the entry of competitors like Best Buy and Amazon.

Bysmartphone sales, rather than general electronics, accounted for half of the chain's revenue. Electronic parts formerly stocked in stores were now mostly only available through on-line special order. Store employees concentrated efforts selling profitable mobile contracts, while other customers seeking assistance were neglected and left the stores in frustration.

Demand for consumer electronics was also increasingly being weakened by consumers buying the items online. In earlyRadioShack introduced Fixa sweeping program to "correct" inventory and profitability issues company-wide. The program put the 1, lowest-graded store managers, of over 5, on notice of the need to improve.

Managers were graded not on tangible store and personnel data but on one-on-one interviews with district management. Typically, a day period was given for the manager to improve thus causing another manager to then be selected for Fix A total of 1, store managers were reassigned as sales associates or terminated in a 6-month period.

By the first quarter ofthe metrics of skill assessment used during Fix had already been discarded, cong ty forex lua dao the corporate officer who created the program had resigned.

Pinkslips stock marketRadioShack was the target of a class-action lawsuit in which more than 3, current or former RadioShack managers alleged the company required them to work long hours without overtime pay.

Jones, the webmaster of RadioShackSucks. Ina switch in featured wireless providers caused a 62 percent drop in fourth-quarter earnings due to an inventory write-down, sending the company's shares to an almost three-year low.

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On February 20,CEO David Edmondson admitted to "misstatements" on his curriculum vitae and resigned [76] after the Fort Worth Star-Telegram debunked his claim to degrees in theology and psychology from Heartland Baptist Bible College. Chief operating officer Claire Babrowski briefly took over as CEO and president. A year veteran of McDonald's Corporationwhere she had been vice president and Chief Restaurant Operations Officer, Babrowski had joined RadioShack several months prior.

She left the company in Augustlater becoming CEO and Executive Vice President of Toys "R" Us. RadioShack's board of directors appointed Julian C.

Day as chairman and chief executive officer on July 7, Day had financial experience and had played a key role in revitalizing such companies as SafewaySears and Kmart but lacked any practical front-line sales experience needed to run a introduction of forex company.

The Consumerist named him one of the "10 Crappiest CEOs" of among consumer-facing companies, according to their own employees. Magnacca from Walgreensbecause he had experience in retail. In the spring ofRadioShack announced a strategy to increase average unit volume, lower overhead costs, and grow profitable square footage.

In early to mid, RadioShack closed nearly locations. It was determined that some stores were too close to each other, causing cme futures trading strategy to compete with one another for the same customers. Despite these actions, stock prices plummeted within what was how did romney get his job at bain a booming market.

On August 10,RadioShack announced plans to eliminate a fifth of its company headquarters workforce to reduce overhead how much money does an archaeologist make a week, improving its long-term competitive position while supporting a significantly smaller number of stores. Unfortunately your position is one that has been eliminated.

Instead of issuing severance payments immediately, the company withheld them to ensure that company-issued BlackBerrys, laptops and cellphones were returned.

RadioShack and the Better Business Bureau of Fort Worth, Texas met on April 23, to discuss unanswered and unresolved complaints. The commission approved trade binary options 60 seconds implemented a plan of action to address existing and future customer service issues.

Stores were directed to post a sign with the District Manager's name, the question "How Are We Doing?

RadioShack - Wikipedia

As of forex broker rankings 2011, the BBB had upgraded RadioShack from an "F" to liquidation stock buyers australia "A" rating; this was changed to "no rating" after the bankruptcy filing. As ofaccording to Temkin Experience Ratings, RadioShack is listed as the retailer with the worst overall customer experience, a rank it has held for six consecutive years.

Same-store sales for the first quarter of were down 4. The stock had declined 81 percent since and was trading well below book value. With too many underperforming stores remaining open, the chain continued to spiral toward bankruptcy. On May 9,the company reported that creditors had prevented it from carrying out those closures, [] despite many markets being so saturated with stores that the chain was effectively competing against itself. All secured lenders needed to approve the plan and Salus a division of Harbinger Group had refused, presuming fewer stores would mean fewer assets to secure the loan, reducing any recovery it would get in a bankruptcy reorganization.

Six days later, the Fitch credit rating agency downgraded RadioShack to " CC ", two notches away from default, saying Fitch was "increasingly concerned about RadioShack's ability to operate beyond ," and warning of a "restructuring before year-end or early On June 10,RadioShack said that it had enough cash to last 12 months, but that lasting a year depended on sales growing.

On July 28,Mergermarket 's Debtwire reported RadioShack was discussing Chapter 11 bankruptcy protection as an option. On September 11,RadioShack admitted it might have to file for bankruptcy, and would be unable to finance its operations "beyond the very near term" unless the company was sold, restructured, or received a major cash infusion. On September 15,RadioShack replaced its CFO with a bankruptcy specialist. RSH was halted on the New York exchange for the entire day.

Department of Labor is investigating management of the k plan back to RadioShack attempted to renegotiate larger kickbacks on cellular telephone activations from mobile carriers, [] but could not reach an agreement with any carriers. On January 15,The Wall Street Journal reported RadioShack had delayed rent payments to some commercial landlords [] and was preparing a bankruptcy filing that could come as early as February.

Officials of the company declined to comment on the report. On the days following these thomas cook foreign currency euro rate, some employees were instructed to reduce prices and transfer inventory out of stores designated for closing to those that would remain open during the presumed upcoming bankruptcy proceedings, [] while the rest remained "in the dark" as to the company's future.

Some had been open with a skeleton crewlittle inventory and reduced hours only because the Salus Capital loan terms limited the chain to store closures a year. On February 5,RadioShack announced that it had filed for Chapter 11 bankruptcy protection.

As part of the deal, the company entered into a partnership with Sprint, in which the company would become a co-tenant at 1, RadioShack locations and establish store within a store areas devoted to selling its wireless brands, including Sprint, Boost Mobile and Virgin Mobile.

The stores would collect commissions on the sale of Sprint products, and Sprint would assist in promotion. Although they would be treated as a co-tenant, the Sprint branding would be more prominent in promotion and exterior signage than that of RadioShack. The acquisition did not include rights to RadioShack's intellectual property such as its trademarksrights to RadioShack's franchised locations, and customer records, which were to be sold separately.

RadioShack was criticized for including customers' personally identifying information as part of its assets for sale during the proceedings, despite its long-standing policy and a promise to customers that data would never be sold for any reason at any time.

The sale of this data was approved, albeit greatly reduced from what was initially proposed. Customers had initially been given until March 6, to return merchandise or redeem unused gift cards.

Re-branded stores soft launched on April 10,with a preliminary conversion of the stores' existing wireless departments to exclusively house Sprint brands, with all stores eventually to be renovated in waves to allocate larger spaces for Sprint. Less than one year after the bankruptcy events ofRon Garriques and Marty Amschler stepped down from their respective chief executive officer and chief financial officer positions; Garriques had held his position for nine months. Standard General acquired the RadioShack brand after RadioShack Corporation filed for bankruptcy in It formed the affiliate, General Wireless Operations, to act as the new parent company for the brand.

This new RadioShack focused on its partnership with Sprint in the hopes of carrying on the brand. It was speculated on March 2, that General Wireless was preparing to take RadioShack through its second bankruptcy in two years. Chapter 11 bankruptcy was formally filed on March 8, While although having declared chapter 11 bankruptcy typically reserved for reorganization of debt instead of chapter 7it engaged in liquidation off all inventory, supplies, and store fixtures, as well as auctioning off old memorabilia.

These stores closed after Memorial Day Weekend of One particular store closing in April garnered widespread media attention when a Facebook account, calling itself "RadioShack - Reynoldsburg, OH ", began lashing out at customers with messages such as "We closed. Fuck all of you.

General Wireless announced plans on June 12, to auction off the RadioShack name and IP[] with bidding to begin on July The company sold the campus to Tarrant County College and, as ofhad two years striker9 valuing binary options trading system of a rent-free lease in the building.

Radio Shack originally did business in AustraliaBelgiumCanadaFrance[] [] West Germany[] the Netherlandsthe United Arab Emiratesand the United Kingdom through a subsidiary, InterTAN a shortened version of "International Tandy"which was spun off as a separate company in June At the end ofthere were 1, stores operated by InterTAN under the Tandy or Radio Shack names. As of earlyan additional stores were operated by franchisees abroad.

In FebruaryWoolworths Limited announced that it would be closing all Tandy stores within the next 2 years. InterTAN operated a RadioShack chain from BarrieOntario which carried most but not all of si puo diventare ricchi con il forex US Radio Shack product line.

The Canadian stores were rebranded under the name The Source by Circuit City. RadioShack then announced its intention to re-enter the Canadian market itself. InterTAN pursued court action to prevent RadioShack from using the trademark in Canada until the former expiry date of the original licensing agreement.

Of an original plan for 20 to 30 RadioShack stores to open in Canada, just nine company-owned stores and 16 dealer stores were operating by the end of RadioShack Corporation closed all nine Canadian stores in January to refocus attention and resources on strengthening its core US business.

The Source remained profitable despite US parent Circuit City's bankruptcy; its stores were sold to Bell Canada Enterprises as a going concern. RadioShack de Mexico had stores under the RadioShack brand as of February RadioShack supported United Way of America Charities to assist their Oklahoma and Texas relief efforts after the Moore tornado.

RadioShack's green initiative promotes the Rechargeable Battery Recycling Corporationwhich accepts end-of-life rechargeable batteries and wireless phones dropped off in-store to be safely recycled. In AugustRadioShack opened kiosk-style stores inside Blockbuster outlets, only to abandon the project in February ; CEO Len Roberts announced that the stores did not meet expectations.

RadioShack operated wireless kiosks within Sam's Club discount warehouses from to The kiosk operations, purchased from Arizona-based Wireless Retail Inc, [] operated as a subsidiary, SC Kiosks Inc.

No RadioShack-branded merchandise was sold. RadioShack then attempted a joint venture with Target to deploy mobile telephone kiosks in 1, Target stores by April On September 5,RadioShack in a partnership with Cricket Wirelessbegan offering its own branded no-contract wireless services using Cricket and Sprint's nationwide networks. The service was discontinued on August 7, ; clients who had already purchased the service from RadioShack continue to receive service from Cricket Wireless.

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Inthe company became the main sponsor of a new cycling team, Team RadioShackwith Lance Armstrong and Johan Bruyneel. AutoZonea company which had been forced to change its name from "Auto Shack" due to a trademark infringement lawsuit by Radio Shack, claimed there was a "likelihood of confusion" between POWERZONE and AUTOZONE in a lawsuit against Tandy Corporation; the suit was unsuccessful.

In JuneMarcia Jones and her then year-old daughter Morgan sued Sprint and RadioShack after the teen found the supposedly-new Sprint HTC Evo 4G cell phones the pair purchased at Stonecrest Mall in Lithonia, Georgia contained adult and child pornography uploaded by a previous user.

In in EEOC v. A class action judgement in Redman et al. A July ruling in Verderame v. A "Radio Shock" store owned by the "Dandy Corporation" appeared in the original release of Space Quest IVdisplaced by "Hz. So Good" in later editions due to threats of legal action by Tandy. Radio Shack is featured prominently in Short Circuit 2which serves as a "clinic" for Johnny 5 while he repairs himself after being assaulted by thieves.

From Wikipedia, the free encyclopedia. This article is about the electronics retailer. For a radio communications room, see Radio shack. Fort Worth Business Press.

Retrieved May 27, Retrieved 6 February Retrieved Mar 9, — via Associated Press. Retrieved June 5, Come Innovate With Us One Last Time". Retrieved 30 May Ham Radio For Dummies. Archived from the original on October 12, Retrieved 3 August Archived from the original on February 9, How Charles Tandy Built Radio Shack into the World's Largest Electronics Chain.

The sale is in line with the company's plans to divest its non-retail businesses. The New York Times. Unlike the small, 2,square-foot Radio Shacks, where fat gross profit margins and slow inventory turnovers are the norm, Tandy's two new Incredible Universe stores stress volume. They sell a dizzying breadth of branded products, from video games to washing machines, for low prices in ,square-foot warehouse settings.

Glazer, a technology analyst at Dean Witter in New York. A Day in the Life of Digi-Key". Retrieved May 25, Retrieved 2 June Retrieved 8 February How TRS Enthusiasts Helped Spark the PC Revolution. Tandy Computer Whiz Kids". Archived from the original on 2 January Retrieved May 16, — via Business Wire. Archived from the original on February 12, Archived from the original on Retrieved November 10, Next to the company that tried to wire Web users to bar-code scanners, money-burning dot-coms like Webvan don't look quite so bad.

Retrieved 18 May Tinkerers Search for New Spiritual Home". Archived from the original on August 16, Retrieved 4 February Archived from the original on February 15, Retrieved March 18, Schulze's baby could turn into RadioShack". Retrieved Mar 18, Another Superstar CEO Doesn't Measure Up". Archived from the original on August 8, Retrieved May 18, Retrieved Mar 18, — via Associated Press.

Radioshack Layoffs -- This 1's 4u: Hey, at least it saved on trees and managers' time. On Tuesday, RadioShack laid off employees, from vice presidents to rank-and-file workers, by sending them notices through e-mail. John Fisher College in Rochester, N. We still have to have that human touch," Willoughby said. As she and many others see it, there's no substitute for personal contact -- even when it comes to giving employees the ax.

RadioShack's decision to send layoff notices by e-mail has touched off debate over whether the company's method was ethical and innovative, or cowardly and callous, or perhaps just another milestone in the advent of the electronic office. Many experts were unmoved by the fact that it was a large-scale layoff, and wondered whether the move would spark a trend.

Moody's downgrades RadioShack's CFR to B1; outlook remains negative". Retrieved 26 April The chain says that sales are falling and that profit this year will be lower than in ". Archived from the original on April 26, RadioShack Posts 1Q Loss As Product Demand Wanes". The Wall Street Journal. Archived from the original on April 27, Retrieved Apr 26, The Case Of Poor Financial And Entrepreneurial Planning". It's a s Throwback". Retrieved April 26, Retrieved 1 June Retrieved 10 June Retrieved 17 June Retrieved 20 June The Dallas Morning News.

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US Securities and Exchange Commission. Looks Into RadioShack Retirement Plans". RadioShack plays hardball with cell carriers". Retrieved 15 January Retrieved 28 January Archived from the original on 3 February Retrieved 3 February Retrieved 2 February Tales from the walking dead".

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Retrieved Mar 14, RadioShack in Watertown to close up for good". Retrieved Jun 12, Retrieved June 12, Retrieved June 12, — via News is my Business. Thursday November 12, Retrieved on November 13, Retrieved Mar 17, NBC 5 Dallas-Fort Worth.

Retrieved 24 July Archived from the original on 28 August Retrieved 26 Apr Retrieved 16 March RadioShack discontinues wireless service, Spot Mobile shuts down". Ford July 23, Lance's team lands sponsor". Archived from the original on July 28, Equal Employment Opportunity Commission. CD-Rom Version - Original Floppy Disc-Version ".

Inside the shopping mall Galaxy Galleria, there is an electronics store named "Radio Shock", which is a persiflage to the real existing US-electronics store chain "Radio Shack".

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