30 May '16, 11am
Radio Shack Returns
In February 2015, Radio Shack–an icon in American malls and towns–filed for bankruptcy. You could say a lot of critical things about Radio Shack, but in many parts of the country, it was the only place you were going to go find electronic components on short notice. A lot of people of a certain age got their exposure to electronics via Radio Shack kits and parts. Radio Shack did close a lot of stores. In fact, from 4,000 stores they are down to about 1,700. A New York hedge fund named Standard General bought all the Radio Shack assets and formed a new company (also called, oddly enough, Radio Shack). They just named [Dene Rogers] as CEO . He’s a veteran at retail sales, having been with Target in Australia and Sears in Canada. According to news reports, the new company will grow more online sales but also wants to take advantage of the do-it-yourself niche, which has certa...