RadioShack not confirming WSJ report that it may be closing 500 stores

[TexasTowelie]

Should RadioShack Corp. close 500 stores? After all, convenience is one of its strengths.

The Wall Street Journal is quoting sources saying the Fort Worth-based retailer is planning to close that many stores, which amounts to about 11 percent of its store base in the U.S.

RadioShack spokeswoman Merianne Roth said, “This is a rumor and we don’t comment on rumors and speculation.”

The WSJ quoted “people familiar with the matter” who said it’s not unusual for retailers to close stores as part of a restructuring. RadioShack is in the midst of a turnaround effort with new management hired last year.

More at http://bizbeatblog.dallasnews.com/2014/02/radioshack-not-confirming-wsj-report-that-it-may-be-closing-500-stores.html/ .

[PasadenaTrudy]

1. The one near me

is getting a remod. Don't think it will be closing.

[FSogol]

4. Same here. Except their remod consisted mostly of just doubling the amount of lighting. n/t

[Kelvin Mace]

2. I am surprised Radio Shack

is still around. It['s heyday ended 20 years ago.

Sad, I used to love to go in there and talk to the clerks when they had people who actually knew something about electronics.

[Historic NY]

11. +1

[TheMathieu]

3. Ours closed a couple of weeks ago.

Hopefully another electronics store takes its place, because all we have now is Walmart and a run-down Kmart.

[MineralMan]

5. Radio Shack's Time Has Passed.

At one time, it was a great place. They sold everything electronic, including parts for folks who were breadboarding things.

Now, they're just another cell phone store. Too many of those everywhere.

RS is toast.

[hlthe2b]

7. Unfortunately, I have to agree...

THough it sure has been convenient... There are lots of things they carry that would be hard to find elsewhere, without going online.

[kydo]

6. I guess the 80's really is taking back their stores

Sorry couldn't resist.

[Blue Idaho]

10. My thoughts exactly... nt.

[pipoman]

8. Anything Radio Shack sells I can

Have day after tomorrow, free shipping, and 30% cheaper. .not a shock

[wandy]

9. When I was a kid, RadioShack was some place you went to get parts.........

It was NOT someplace you went just to get a first hand look at something you would buy from Amazon.com because you got a better price.
Sad for the loss of peoples jobs.
Just another case where the "job creators" lost sight of what made them successful.

[dem in texas]

12. I am done with Radio Shack

I took my disabled nephew to Radio Shack to get a new phone. There was only one clerk in the store. Someone else came in and he started talking and talking and talking to this person about buying a phone. I had to find a chair for nephew so he could sit down. We waited 20 minutes and finally walked out. This is worst than bad service, it was also very bad manners, I guess the clerk's mama never taught him anything.

Then a few weeks later, I needed a converter for an old TV I was going to hook up for nephew. I went back to Radio Shack. They had a box on the shelf, but it was display, they did not have one. They sent over to another store, guess what both clerks were busy selling phones and nobody would wait on me.

How I solved both problems was to go home and buy the items on line. Good bye Radio Shack!

[madrchsod]

13. where i live radio shack opened a new store

the store does`t carry everything that the old stores did. i`m guessing larger items will be shipped.

[winstars]

14. Unless an emergency, lost me a very time ago with the zip code thing... nt