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IDemo

(16,926 posts)
Mon Feb 2, 2015, 04:27 PM Feb 2015

RadioShack in Talks to Sell Half Its Stores to Sprint, Shutter the Rest

Source: Bloomberg

RadioShack Corp. is preparing to shut down the almost-century-old retail chain in a bankruptcy deal that would sell about half its store leases to Sprint Corp. and close the rest, according to people with knowledge of the discussions.

The locations sold to Sprint would operate under the wireless carrier’s name, meaning RadioShack would cease to exist as a stand-alone retailer, said the people, who declined to be identified because the talks aren’t public.

The negotiations could still break down without a deal being reached, or the terms could change. Sprint and RadioShack also have discussed co-branding the stores, two of the people said. It’s also possible that another bidder could emerge that would buy RadioShack and keep it operating, the people said.

The discussions represent the endgame for a chain that traces its roots to 1921, when it began as a mail-order retailer for amateur ham-radio operators and maritime communications officers. It expanded into a wider range of electronics over the decades, and by the 1980s was seen as a destination for personal computers, gadgets and components that were hard to find elsewhere. In more recent years, though, competition from Wal-Mart Stores Inc. and an army of e-commerce sellers hurt customer traffic.

Read more: http://www.bloomberg.com/news/articles/2015-02-02/radioshack-is-said-to-discuss-liquidation-as-part-of-sprint-deal

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RadioShack in Talks to Sell Half Its Stores to Sprint, Shutter the Rest (Original Post) IDemo Feb 2015 OP
Is radio shack going to christx30 Feb 2015 #1
"123-456-7890" mahatmakanejeeves Feb 2015 #5
Or sell them a cable 10x it's value Matariki Feb 2015 #19
They asked and the response was..... davidpdx Feb 2015 #30
Sigh shenmue Feb 2015 #2
One on the way home has been closing down. mahatmakanejeeves Feb 2015 #3
I'm going to miss them BeyondGeography Feb 2015 #4
Web forums. AtheistCrusader Feb 2015 #9
I get all that BeyondGeography Feb 2015 #12
Fortunately, right now the economic climate is not the worst time to have this happen. AtheistCrusader Feb 2015 #16
My first computer was Kelvin Mace Feb 2015 #6
Wow. 48K and disk drives? Nye Bevan Feb 2015 #8
My first computer was a Timex Sinclair. project_bluebook Feb 2015 #11
me too... 4K memory JCMach1 Feb 2015 #13
The first one I ever saw Kelvin Mace Feb 2015 #15
Mine was this BumRushDaShow Feb 2015 #23
I haven't seen a CoCo in years. Kelvin Mace Feb 2015 #28
I used to connect it to this BumRushDaShow Feb 2015 #31
Amazing they have lasted this long. EEO Feb 2015 #7
As a young ham radio operator project_bluebook Feb 2015 #10
That catalog archive triggers so many wonderful memories Tom Ripley Feb 2015 #17
I'll miss them hollowdweller Feb 2015 #14
Back in the '70s, I bought tons of Realistic cassette tapes from Radio Shack. Art_from_Ark Feb 2015 #27
What a shame. They always had some neat stuff. But i guess that stuff's on the internet now. 7962 Feb 2015 #18
Radio Shack seems to have been on life support for a long time AZ Progressive Feb 2015 #20
Morons... The Maker movement is becoming huge and they missed the boat. fbc Feb 2015 #21
Anybody remember when... bobclark86 Feb 2015 #22
I wonder why a place like Fry's wasn't courted? BumRushDaShow Feb 2015 #24
I'll miss them too... Ron Obvious Feb 2015 #25
So long, and thx for the memories... blkmusclmachine Feb 2015 #26
Noooooooooooo... Padiddle Feb 2015 #29

mahatmakanejeeves

(57,489 posts)
3. One on the way home has been closing down.
Mon Feb 2, 2015, 04:50 PM
Feb 2015

Last edited Mon Feb 2, 2015, 05:53 PM - Edit history (3)

It's not my regular RS. I've been stocking up on spare cells and lamps, sold off at 50% off, sometimes from an already reduced price.

ETA, 4:42 p.m.: I just called to see if they were still open. There's no answer. It's not because they're so busy that no one can come to the phone.

A eulogy for RadioShack, the panicked and half-dead retail empire

Someone else mentioned this: Radio Shack Catalogs

BeyondGeography

(39,374 posts)
4. I'm going to miss them
Mon Feb 2, 2015, 04:50 PM
Feb 2015

I still need the occasional old-media thingy like RCA cables that only they seem to carry with any depth. FM antennas, too. Crazy how fast we're supposed to say goodbye to all these things that still work perfectly well. Radio Shack still supports them and when they go, it will be all online with nobody to answer my impossibly stupid questions.

AtheistCrusader

(33,982 posts)
9. Web forums.
Mon Feb 2, 2015, 05:37 PM
Feb 2015

Find a community online that is enthusiastic about the subject, and you're good to go. More knowledge on tap than any RS employee.


I will not miss Radio Shack. It killed Radar Electric, a great place for low cost parts, now its turn has come. 2 day shipping is fast enough that I haven't set foot in a Radio Shack in years, and last time I did, they didn't have what I wanted anyway.

Brick and mortar RS is a solution in search of a problem that no longer exists.

An aside, as a former Tandy Employee, do not mourn these assholes. (RS upper management, not the workers, this does suck for them in a way) They treated workers as badly as Wal-Mart EVER did. Tandy stole so much money off my paychecks, fuck them. Fuck them forever. Radio Shack is a vampire that's been living off the margins of what it could bleed out of its workers for years.

Do not mourn them. They never gave a shit about you, or their workers, or anything. Never. Not once.

BeyondGeography

(39,374 posts)
12. I get all that
Mon Feb 2, 2015, 05:43 PM
Feb 2015

but the store I go to has some pretty helpful people in it. The front-line always pays the price. Hopefully, they'll land on their feet w/Sprint.

AtheistCrusader

(33,982 posts)
16. Fortunately, right now the economic climate is not the worst time to have this happen.
Mon Feb 2, 2015, 05:50 PM
Feb 2015

It does suck for the rank and file workers. Unfortunately, I've been through it with Tandy before. I worked at Incredible Universe, which was a mall-anchor mish-mash of Radio Shack Unlimited, Computer City, and 'Incredible Universe', which was really more Sears Lite without yard tools or auto mechanic tools.

It went under in 1997-98 and getting out of there... Best thing I ever did. I would not be where I am in my career today, if I hadn't had the motivation to find something new, because my old job ended when Incredible Universe imploded.

I wish their front-line workers every ounce of success I was able to root out of life. It's not easy, but I've seen again and again, it's worth it.

 

Kelvin Mace

(17,469 posts)
6. My first computer was
Mon Feb 2, 2015, 04:55 PM
Feb 2015

a Radio Shack Model III running TRSDOS. 48K, dual disk drives.

Hard to believe that once upon a time Radio Shack was a major player in the microcomputer market.

 

Kelvin Mace

(17,469 posts)
15. The first one I ever saw
Mon Feb 2, 2015, 05:50 PM
Feb 2015

was a Model I with 16K and a cassette drive.

I wish I had the money back in the day to hack on them.

BumRushDaShow

(129,087 posts)
23. Mine was this
Mon Feb 2, 2015, 08:01 PM
Feb 2015

College graduation present!



I still have it along with a Tandy TL1000 -



Had used Trash-80s in college to do BASIC programming so it was only natural. I think the TL1000 had DOS 3.3 burned into a chip.

BumRushDaShow

(129,087 posts)
31. I used to connect it to this
Tue Feb 3, 2015, 07:02 AM
Feb 2015


to save and run the BASIC programs.

It was a nice step-up from the college Trash-80 that I had to use for P-Chem -



and the elementary school teletypes.

 

project_bluebook

(411 posts)
10. As a young ham radio operator
Mon Feb 2, 2015, 05:38 PM
Feb 2015

I loved browsing the radio shack shelves, finding the parts I needed and checking out the latest shortwave radios. I have a bunch of their catalogs from the 70's-1990's. Their catalogs are archived online at radioshackcatalogs. They still had some parts and radios for sale now but nothing like their heyday. R.I.P. RS.

 

hollowdweller

(4,229 posts)
14. I'll miss them
Mon Feb 2, 2015, 05:44 PM
Feb 2015

They've always been there.

Back when I used to travel and see the Grateful Dead they were a good source of adapters and plugs for my taping equiptment.

I still have a set of the cool little all metal Minimus 7 bookshelf speakers.

Art_from_Ark

(27,247 posts)
27. Back in the '70s, I bought tons of Realistic cassette tapes from Radio Shack.
Mon Feb 2, 2015, 08:55 PM
Feb 2015

The quality ranged from "very good" to "quickly eaten up by my tape recorder".

 

7962

(11,841 posts)
18. What a shame. They always had some neat stuff. But i guess that stuff's on the internet now.
Mon Feb 2, 2015, 06:08 PM
Feb 2015

I used to go there a lot when i was younger

AZ Progressive

(3,411 posts)
20. Radio Shack seems to have been on life support for a long time
Mon Feb 2, 2015, 06:37 PM
Feb 2015

It was expected that eventually the plug would have to be pulled on it.

BumRushDaShow

(129,087 posts)
24. I wonder why a place like Fry's wasn't courted?
Mon Feb 2, 2015, 08:05 PM
Feb 2015

I am on the east coast but I would always hear west coasters talk about (and trash) Fry's as a parts store. There are no Fry's here as far as I'm aware and there are folks who still build their own machines. Hell, Radio Shack should sell motherboards, CPUs, Overclock stuff, cases, etc., and they could probably do better than trying to hawk cell phones (particularly for those who want instant parts instead of ordering online).

 

Ron Obvious

(6,261 posts)
25. I'll miss them too...
Mon Feb 2, 2015, 08:29 PM
Feb 2015

... but it's only nostalgia. They don't have much of a niche to exist in any longer. Batteries are so much cheaper online (sometimes by a factor of 10), and Fry's has a far bigger selection if I wanted to shop in person for capacitors and cables and the like (for which I don't need a neighbourhood store).

My first computer experience was on a Trash 80 model I. Fun times.

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