who owns radioshack


General Wireless Inc.

Is RadioShack completely out of business?

RadioShack — yes, it still exists — continues on with new owners collecting up old brands.Nov 19, 2020

Why did RadioShack go out of business?

In February 2015, RadioShack (RSHCQ), a renowned electronics store, filed for Chapter 11 bankruptcy protection following many financial and operational missteps. The company had too many stores that cannibalized revenues from each other and generated losses.

What has happened to RadioShack?

After store redesigns and other changes failed to draw customers, the Fort-Worth, Texas, company filed for Chapter 11 bankruptcy protection in 2015 and then again two years later. Mehr and Lopez have no designs on rebuilding the brick-and-mortar RadioShack empire.Nov 24, 2020

Who is the CEO of RadioShack?

Dene Rogers
RadioShack on Tuesday named Dene Rogers its new president and CEO, effective May 9. Rogers also will join RadioShack’s board of directors. Rogers previously served as CEO of Target Australia following a five-year stint as CEO of Sears Canada.Apr 26, 2016

How much is RadioShack worth?

US$26.2 million
In May 2015, the acquisition of the “RadioShack” name and its assets by General Wireless for US$26.2 million was finalized.

Is RadioShack coming back?

RadioShack is coming back. Retail Ecommerce Ventures has acquired assets and marketing materials from Radio Shack and plans to relaunch the iconic brand as an online-only property.Nov 24, 2020

Does Tai Lopez own Radio Shack?

Lopez’s venture unit Retail Ecommerce Ventures (REV) bought RadioShack out of bankruptcy last November, and Lopez himself will control the largest amount of RADIO tokens on launch.Jan 5, 2022

Is RadioShack still in business 2021?

Sprint will keep the RadioShack brand alive in the form of “store within a store” departments in up to 1,750 of those locations. The remaining company-owned RadioShack locations will be closed. The company was 94 years old.Feb 6, 2015

When did RadioShack close in Canada?

The chain goes back over 40 years in Canada, initially as Radio Shack and later as The Source by Circuit City.

The Source (retailer)
Trade name The Source
Formerly RadioShack Canada (1986–2004) The Source by Circuit City (2004–2009)
Type Subsidiary
Industry Retail

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Does Tandy own RadioShack?

In May 2000, the company dropped the Tandy name altogether, becoming RadioShack Corporation. The leather operating assets were sold to The Leather Factory on November 30, 2000; that business remains profitable.Dec 14, 2021

Was RadioShack a franchise?

Intended for small, rural communities, the RadioShack Dealer Franchise program is a low cost investment with tremendous sales potential for your business. Since a RadioShack franchise is really a store within your existing store, many of the costs of starting a new franchise business may not exist.

Who started RadioShack?


When did Radioshack open?

In 1973, Tandy Corporation began an expansion program outside their home market of the US, opening a chain of RadioShack-style stores in Europe and Australia under the Tandy name. The first store to open was in Aartselaar, Belgium on August 9, 1973. The first UK store opened October 11, 1973, in Hall Green, Birmingham.

What year did Radio Shack become the dominant supplier of computers?

Despite selling computers through old-fashioned, department-store-like Sunday-newspaper inserts that emphasized price instead of technology and functionality, by 1980 InfoWorld described Radio Shack as “the dominant supplier of small computers”. and in 1981 “one of the best marketers in the computer industry”.

Where is the headquarters of Tandy Leather?

In 1961 the company name was changed to Tandy Corporation and the corporate headquarters were moved to Fort Worth, Texas where Charles D. Tandy became the President and Chairman of the Board. Tandy Leather was operating 125 stores in 105 cities of the United States and Canada and expansion was the name of the game.

When did Tandy start making computers?

Tandy was one of three companies (along with Commodore International and Apple) that started the personal computer revolution in 1977 by introducing complete pre-assembled microcomputers instead of a kit. Their TRS-80 (1977) and TRS-80 Color Computer (“CoCo”) (1980) line of home computers were popular in the years before the IBM PC became commonplace, and had wide distribution in Radio Shack stores at a time when there were few computer stores .

Why did the Tandy market share decline?

Tandy’s market share—as high as 60% at one time—indeed declined by 1983 because of competition from the IBM PC and lack of third-party products. Tandy adopted the IBM PC compatible architecture with the Tandy 1000 and Tandy 2000 (1983–1984).

What company did the Tandy 1000 work for?

In 1982, Tandy Corporation entered into a development contract with Oklahoma-based software company, Dorsett Educational Systems, Inc, known for its 25 years pioneering educational technology.

When did Tandy close its stores?

Most of these stores were closed as part of a 1994 restructuring plan, with 33 converted to RadioShack or Computer City Express stores. Remaining McDuff stores were closed in 1996.

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