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That' interesting. I noticed a business closing sign on the local radio shack (the only one remaining).
I avoided Radio Shack because I was so annoyed by their insistence on getting an address and phone number for every purchase. Say you don't want to give it and they would argue about it and not give in and sell the item until you started to walk out.
There are enough places to buy that don't give the shopper nearly as much grief. I'm not all that surprised that they went out of business.
I don't think this was inevitable. This is a company that used to make 200/M a year not long ago, even in 2009 during the recession. They had many loyal customers, who frankly went in there in search of something to buy.
They failed to adapt, and they simply had too much inventory nobody ever bought. The CEO bet the farm on an ill fated partnership with Target, is my understanding. Amazon is a poor excuse for a retailer to go from highly profitable to basically kaput in less than a decade. They should've focused more on cellphones, tablets, and value added services that cannot be usurped by e-commerce. Poor performance by upper management make no mistake, while hindsight is 20/20 this was a poorly run company. This brand should never have essentially gone to zero as it has.
I'm surprised that my neighborhood Radio Shack is a bellwether store being one of the 70 left! I didn't know it was doing that well since the electronics department of Target is right behind the wall separating the stores.
I don't see people going in or out even before the first bankruptcy but there is a giant Store Closing sign and a liquidation going on. Maybe the company consolidated unsold inventory from the other area store liquidation to that store?
Prior to the cellphones, I wonder how the hell are they even in business and can afford to pay their lease. Every time I walk into Radio Shack, I'm the only one there and I'm only there to buy $2 battery for my cheap watch. I can honestly say that in 43 years of being alive, I have walked into a Radio Shack less than 10 times.
I did buy my first computer as a 13 year old at Radio Shack. Well, actually, my parents bought it at no small cost, but I was the only one who used it. I think I still could write a program in BASIC if I set my mind to it.
No, Amazon is killing many retailers, well it's being blamed for that at-least.
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