chrisj1968 Posted January 16, 2015 Share Posted January 16, 2015 link strapped for cash. Struggling electronics retailer RadioShack may file for bankruptcy as early as next month, according to The Wall Street Journal. RadioShack had warned in November that it may need to file for Chapter 11 as it is strapped for cash. Citing people familiar with the matter, the Journal reports RadioShack is discussing a deal with a private-equity firm to "buy its assets out of bankruptcy." If that doesn't work, the company could go to bankruptcy court, instead. Potential lenders who could fund operations during the bankruptcy proceedings are also in the mix, the Journal states, adding that much is in flux. In November, the company reported it only had enough money to pay for operations in the very near term. The Fort Worth, Texas company has been struggling to keep up with online retailers for some time. The 94-year-old chain has been combatting the competition by revamping its offerings, closing stores, cutting costs and changing management. Despite the attempt to claw its way back up, the retailer has posted losses for the past 11 quarters. Earlier this week, Marketwatch reported that Salus Capital offered RadioShack a $500 million loan to fund operations during bankruptcy. The offer was unsolicited and expires Thursday. Link to comment Share on other sites More sharing options...
Jason S. Global Moderator Posted January 16, 2015 Global Moderator Share Posted January 16, 2015 Edited title to remove caps lock Nick H. 1 Share Link to comment Share on other sites More sharing options...
chrisj1968 Posted January 16, 2015 Author Share Posted January 16, 2015 whoops. thank you Link to comment Share on other sites More sharing options...
LaP Posted January 16, 2015 Share Posted January 16, 2015 link strapped for cash. Struggling crap electronics retailer RadioShack may file for bankruptcy as early as next month, according to The Wall Street Journal. corrected for you Link to comment Share on other sites More sharing options...
Max Norris Posted January 16, 2015 Share Posted January 16, 2015 They used to be a neat place to shop way back in the 70's and 80's, got me a lot of electronic components/tools/etc and such back in the day, fun hobbyist store, never mind their own computers. But yea, turned into a crap store. Authentic X 1 Share Link to comment Share on other sites More sharing options...
+devHead Subscriber² Posted January 16, 2015 Subscriber² Share Posted January 16, 2015 Kramer: They're trying to screw with your head. Jerry: Now why would a middle school wanna screw with my head? Kramer: Why does Radio Shack ask for your phone number when you buy batteries? I don't know! Link to comment Share on other sites More sharing options...
+Zagadka Subscriber² Posted January 16, 2015 Subscriber² Share Posted January 16, 2015 Back in the day when Radio Shack actually had tech innovations... Anyway, this is hardly a surprise. I thought they would have gone under by now. They are still one of the easiest places to find obscure electronic parts, but everything is horribly overpriced, and the market for home electronics is pretty dried up. The last ham club meeting I went to was all about software, not rigging antennas. Link to comment Share on other sites More sharing options...
LaP Posted January 16, 2015 Share Posted January 16, 2015 They used to be a neat place to shop way back in the 70's and 80's, got me a lot of electronic components/tools/etc and such back in the day, fun hobbyist store, never mind their own computers. But yea, turned into a crap store. Yeah they used to be good no doubt about it. But they have been pretty much iirrelevant for the past 10-15 years or so. Link to comment Share on other sites More sharing options...
Boo Berry Posted January 16, 2015 Share Posted January 16, 2015 It doesn't help when they try to push cell phones on you the moment you walk through the door. I'm honestly glad they're finally being put down. I've heard horror stories from people who work(ed) at RadioShack. Link to comment Share on other sites More sharing options...
neufuse Veteran Posted January 16, 2015 Veteran Share Posted January 16, 2015 RadioShack ruined themselves when Tandy went up and Archer brand went up... Anibal P 1 Share Link to comment Share on other sites More sharing options...
Boo Berry Posted January 16, 2015 Share Posted January 16, 2015 Anyone interested in reading more about RadioShack from an ex-employee, try reading this. Link to comment Share on other sites More sharing options...
+Warwagon MVC Posted January 16, 2015 MVC Share Posted January 16, 2015 For realz this time? Link to comment Share on other sites More sharing options...
Boo Berry Posted January 16, 2015 Share Posted January 16, 2015 Another interesting read from an ex-employee. Link to comment Share on other sites More sharing options...
chrisj1968 Posted January 16, 2015 Author Share Posted January 16, 2015 Another interesting read from an ex-employee. LOL.. some of that story/blog is pretty funny. but its true. I worked for them eons ago in the early 90's. Link to comment Share on other sites More sharing options...
Hum Posted January 16, 2015 Share Posted January 16, 2015 RS never has the flux capacitor I need when I go in -- so bon voyage. Sszecret, gameboy1977 and +E.Worm Jimmy 3 Share Link to comment Share on other sites More sharing options...
+Elі Subscriber² Posted January 16, 2015 Subscriber² Share Posted January 16, 2015 It doesn't help when they try to push cell phones on you the moment you walk through the door. I'm honestly glad they're finally being put down. I've heard horror stories from people who work(ed) at RadioShack. Why would you be happy another company goes out of business? this is NOT a person who has done anything to you, it going belly up means: less jobs, yeah people who could be for example your brother/sister etc finding themselves suddenly jobless, to top it up this is also bad for the economy, it means less competition etc etc etc. I understand one could have bad feelings about a company and the experience you had there, but it's just silly to be glad about a company with a 100 year history going out of business, up to this day I still feel sorry Circuit City went out of business. remixedcat and DConnell 2 Share Link to comment Share on other sites More sharing options...
devn00b Posted January 16, 2015 Share Posted January 16, 2015 Why would you be happy another company goes out of business? this is NOT a person who has done anything to you, it going belly up means: less jobs, yeah people who could be for example your brother/sister etc finding themselves suddenly jobless, to top it up this is also bad for the economy, it means less competition etc etc etc. I understand one could have bad feelings about a company and the experience you had there, but it's just silly to be glad about a company with a 100 year history going out of business, up to this day I still feel sorry Circuit City went out of business. Extinction of one leads to flourishing of another. As for competition who was RS competing with? I cant think of a single shop here in southern cali that sells the things they do @ that high of a price, so you cant really say (at least here in so-cali) that RS was really competing with anyone. Local hobby shops ALWAYS had the same gear (maybe better) for lower prices. Link to comment Share on other sites More sharing options...
Boo Berry Posted January 16, 2015 Share Posted January 16, 2015 Why would you be happy another company goes out of business? I'm usually not, but in this case I'll make an exception. Considering the people working there I've had to deal with in the past were clueless, rude and generally negative towards customers, I'd say they reap what they sow. So yeah, good riddance. Hum 1 Share Link to comment Share on other sites More sharing options...
123456789A Posted January 16, 2015 Share Posted January 16, 2015 They should switch to Android and I'm sure their fortunes will turn around. Link to comment Share on other sites More sharing options...
xpablo Posted January 17, 2015 Share Posted January 17, 2015 Radioshack has been dead for many years, how they still manage to keep their stores open is beyond me, I walked into a radio shack once when my wife had to go next door in the mall. So I went in to see what Radioshack still had left of it's former self, I used to visit and get electronic parts for projects I did in my teens, there were 3 sales reps in the store and just myself as the only customer I looked around at what they had left for electronic parts not much, I didn't even bother looking at cell phones or the TV's. Felt very uncomfortable being watched like I was going to steal something, so I just left without buying anything I once interviewed for a job as a manager trainee, but the interview went sideways as the guy interviewing me, answered his phone and then he started yelling at the person on the other end. I then got up and walked out and never returned. Link to comment Share on other sites More sharing options...
TAZMINATOR Posted January 17, 2015 Share Posted January 17, 2015 Radioshack has been dead for many years, how they still manage to keep their stores open is beyond me, I walked into a radio shack once when my wife had to go next door in the mall. So I went in to see what Radioshack still had left of it's former self, I used to visit and get electronic parts for projects I did in my teens, there were 3 sales reps in the store and just myself as the only customer I looked around at what they had left for electronic parts not much, I didn't even bother looking at cell phones or the TV's. Felt very uncomfortable being watched like I was going to steal something, so I just left without buying anything I once interviewed for a job as a manager trainee, but the interview went sideways as the guy interviewing me, answered his phone and then he started yelling at the person on the other end. I then got up and walked out and never returned. Service Merchandise is still around but the retail stores are closed elsewhere... the one is still running in TN and/or FL which I read the article other day. I am surprised that Kroger (grocery store) is still running so long... It has been around since late 1800's. I am sure some businesses can be passed on to next generation as long as they are up to run the business. If not, they can close/sell the business to someone else. Some businesses can be closed down because of not enough money to keep the business afloat. Or the owner can close it down because of bad reviews, or can not handle too much stress... I am sure there are more reasons to close the businesses down. No one can not run that long unless they are smart on how to keep it running that long. I have a Sears catalog from 1900's from my grandmother who passed away a few years ago that she kept this catalog so long... I checked to see what they looked like in the past before I was born... Wow.. they were so cheap those days. Link to comment Share on other sites More sharing options...
DocM Posted January 17, 2015 Share Posted January 17, 2015 > I am surprised that Kroger (grocery store) is still running so long... It has been around since late 1800's. > Kroger is going strong here. Kroger, the Meijer hypermarket and Wal-Mart are the top 3 grocers. After that its year round indoor vegetable markets and small independent marketss. As to RS - they have a lot of stores in malls, and the malls are dying. That and most of their stock is toys, phones, overpriced or sparce in terms of electronic parts. But then kits are not what they used to be and you can buy components cheaper online. Link to comment Share on other sites More sharing options...
Scorbing Posted January 17, 2015 Share Posted January 17, 2015 I'm surprised they've lasted this long. Link to comment Share on other sites More sharing options...
Dot Matrix Posted January 17, 2015 Share Posted January 17, 2015 QUICK EVERYONE OUT! GO GO GO GO! DConnell, gameboy1977, TAZMINATOR and 2 others 5 Share Link to comment Share on other sites More sharing options...
TAZMINATOR Posted January 17, 2015 Share Posted January 17, 2015 ^ hahah @ Chucky is on back of the car. Kroger is going strong here. Kroger, the Meijer hypermarket and Wal-Mart are the top 3 grocers. After that its year round indoor vegetable markets and small independent marketss. As to RS - they have a lot of stores in malls, and the malls are dying. That and most of their stock is toys, phones, overpriced or sparce in terms of electronic parts. But then kits are not what they used to be and you can buy components cheaper online. Kroger is strong here too. I like RadioShack in 1980's before they went downhill. Link to comment Share on other sites More sharing options...
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