Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Showing Original Post only (View all)Radio shacks days are numbered [View all]
Whenever I stop by a radio shack, I'm usually the only customer. I always wonder how they stay openhttp://money.cnn.com/2014/07/31/news/companies/radioshack-future/index.html?hpt=hp_t2
future is about as bright as the VHS tapes it used to sell.
The chain of 4,000 stores has just $62 million in cash left - a figure that is rapidly approaching zero. Things are so dire that it actually doesn't have enough money to close the 1,100 locations management says it needs to shutter.
Investors, credit rating agencies and the company''s lenders seem to be in agreement that RadioShack's days are numbered.
Even the company's own Super Bowl ad mocked its stores for being decades out of date.
"They have been irrelevant for a long time," said Robin Lewis, CEO of The Robin Report, a retail strategy newsletter. "If they're not the sickest patient in ICU, they're minutes away from being rolled in."
Last month research firm B. Riley & Co. made the unusual move of cutting its price target for RadioShack (RSH) shares from $1 a share -- to $0. Shares of RadioShack (RSH) , hit a record low of 62 cents Thursday after Moody's said it expects RadioShack to run out cash by Fall of 2015.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
69 replies, 8381 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (2)
ReplyReply to this post
69 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
They have a good inventory system. They should place the inventory online & let the closest local
Sunlei
Aug 2014
#1
where are you going to go to get 3 npn2222s, 6 2k resistors, and a handful of LEDs on the fly?
0rganism
Aug 2014
#33
Yep, I use the same sources you do. I also use Allied Electronics from time to time. I always
RKP5637
Aug 2014
#53
By the laws of averages and statistics, he is due for some good luck next time around.
Nye Bevan
Aug 2014
#9
Their inventory sucks these days, You can get anything online they have + more
snooper2
Aug 2014
#16
well, until they close you can still waste gas going over there to find out they don't have
snooper2
Aug 2014
#22
A shame - their locations are convenient to me, and I go there for things.
closeupready
Aug 2014
#13
Five or so years ago, when I still bought parts from them, they offered a quantity based discount
CBGLuthier
Aug 2014
#14
Maybe it is age, but I sold my tube stuff, B&W speakers, etc. I swear I am hearing
Hoyt
Aug 2014
#54
They have been in a state of turmoil since the TRS-80s became obsolete.
Baitball Blogger
Aug 2014
#21
i'm surprised they have lasted as long as they have , they should have gone out with circuit city
JI7
Aug 2014
#51
And the same bastard that help destroy Radioshack is now in charge of Market Basket
graywarrior
Aug 2014
#63