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Shakeup at the Shack

March 5th, 2014 - 9:26 am

Radio Shack will close “underperforming” stores — and lots of them:

The struggling consumer electronics retailer announced Tuesday that it plans to close up to 1,100 underperforming stores in the U.S., or about 26% of its current company-owned stores.

“Over the past few months, we have undertaken a comprehensive review of our portfolio from many angles — location, area demographics, lease life and financial performance — in order to consolidate our store base into fewer locations while maintaining a strong presence in each market,” RadioShack CEO Joseph Magnacca said in a statement. “The result of that review is our plan to close up to 1,100 underperforming stores. We will continue to have a strong, unmatched presence across the U.S. with over 4,000 stores including over 900 dealer franchise locations.”

There is (was?) (soon won’t be?) a Radio Shack in here my tiny bedroom town of Monument, CO. The last time I was in there was about three years ago, when I absolutely had to buy an overpriced audio cable right the heck then. And I didn’t recognize the place as anything like the Radio Shack I used to know. Or as Jim Dalrymple said, “the RadioShack I grew up with lost its soul.”

I was reminded of what happened to The Sharper Image. What was once a place to geek out on really cool, hard-to-find nerd toys became a purveyor of gimmicky plastic crap.

Such a shame.

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All Comments   (4)
All Comments   (4)
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i was in the local Radio Shack a week or so ago and the staff was single knowledgeable and helpful guy. i was in yesterday and the staff was two women who were so busy complaining to each other about something that i never did get their attention. when the store closes, i wish the guy well.
19 weeks ago
19 weeks ago Link To Comment
The free market guarantees consequences, not good business decisions.
19 weeks ago
19 weeks ago Link To Comment
Last time I was in a Shack was a few months ago. They didn't have the video cable I was looking for. Ended up getting it at Amazon.

I have no idea what the Shack thinks it's business model is. It looks to be a smaller, cheaper Best Buy that carries some electronic parts. Shame. They used to be the goto place for pieces-parts.
19 weeks ago
19 weeks ago Link To Comment
Problem being, almost nobody knows how to use those pieces-parts anymore. Radio Shack sells cheap toys at Christmastime, and tries to be a cellphone middle-man the rest of the year.

I patched up my big-screen TV a couple years back... I needed 4 identical electrolytic caps. And I had to go to three different radio shacks to get them, since they each had only 1 or 2 in stock. Haven't had an urgent need for random bits since then. Considering what I spent in time and gasoline to get a few dollars worth of circuit-board filler, I'll be talking to digikey or amazon or someone next time, and having them dropped off at my door. Ah, progress.
19 weeks ago
19 weeks ago Link To Comment
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