Recovery Summer 2014 Begins: Radio Shack to Close 1,100 Store; Staples to Close 225 Stores (unemployment, statistics)

[gtc08]

i bought a wireless router in 2011 from them. the location i bought that from is gone now. havent been in a store since.

i hate shopping. i buy online. radioshack never got with the program, which is why they are going goin gone.

[Dane_in_LA]

The Onion delivers, as usual:

Even CEO Can't Figure Out How RadioShack Still In Business | The Onion - America's Finest News Source

[banjomike]

Originally Posted by middle-aged mom

Taxes do not destroy obsolete business models.

Nothing a federal state, county or municipal government can do to save obsolete business.

That's correct.
Radio Shack was very slow to change. While it's current competitors were refining their supply ordering systems, Radio Shack did not. As a result, the Shack's best selling items always tended to sell out and weren't replaced quickly enough in their stores at the time when the items were at their hottest.
By the time their stores received more of the items, the bloom was always off the rose. Customers had found similar items in competitor's stores.

Retail electronics is always full of ups and downs. Things always change suddenly. Look a Blackberry; 4 years ago, it owned the cell phone sector, and now they can't give one of their phones away.
Sony invested heavily outside their business and didn't stay on the leading edge of electronics, so now they're in trouble.

The real miracle is Radio Shack lasting as long as it has. It's business model was created in the 60's, and they had a lot of competition from others who were just like Radio Shack, and all of them are gone now except for the Shack. Times change. Radio Shack didn't.

[nicet4]

Originally Posted by shiftymh

I haven't been inside a Radio Shack in 2 decades. It's a miracle they've been around this long.

Kind of like the video rental store like Blockbuster

[Gurbie]

Originally Posted by le roi

right, because radio shack is a leading economic indicator

I think the OP wants us to see this as signs of the long-overdue collapse of the world, brought on by the election of Obama.

[EdwardA]

Originally Posted by le roi

right, because radio shack is a leading economic indicator

Retail is a pretty good indicator and office supply stores are a decent gauge of the relative health of the corporate sector.

[OICU812]

Originally Posted by aedubber

RadioShack is garbage, they are way over priced and barely have anything. They should of kept up with the times and listened to what people want or need .

But then again , this is a real ****ty thing to hear. Wish the employees the best of luck in this economy .

They have always been a sort of etelectronic hobbyist store

[Quick Enough]

Originally Posted by Gurbie

I think the OP wants us to see this as signs of the long-overdue collapse of the world, brought on by the election of Obama.

It HAS to be Wal-Marts fault since RS's are mom & pop owned.

[Spaten_Drinker]

Originally Posted by nicet4

Kind of like the video rental store like Blockbuster

... or an actual bank.

[LoveToRow]

Originally Posted by pch1013

It's Obama's fault that people are buying stuff online?

Nothing is ever Obama's fault. Haven't you learned anything from the first five years of his failed Presidency?