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RadioShack Announces 1100 Store Closings:

from The ARRL Letter on March 6, 2014
Website: http://www.arrl.org/
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RadioShack Announces 1100 Store Closings:

Once a staple of electronics retailing and a ready source of small parts for ham radio homebrewers and electronics enthusiasts, RadioShack http://www.radioshack.com/ has fallen on tough times. In the wake of a substantial drop in holiday sales and a big fourth-quarter loss, the Fort Worth, Texas-based retailer has announced that it is closing 1100 of its outlets, leaving it with some 4000 stores, including more than 900 dealer franchises. RadioShack's stock has fallen by nearly 28 percent on the news.

Reported weak customer traffic at electronics retailers in general over the holiday season was reflected in a 19 percent drop in sales at RadioShack. Now market analysts have begun sounding the death knell for RadioShack, with some comparing the retailer's numbers to those of Circuit City before it went under in 2008.

RadioShack once offered entry-level short-wave receivers, Citizens Band gear, and a wide array of discrete components -- including transistors, resistors, and capacitors. For a time, RadioShack marketed a fairly popular 2 meter hand-held transceiver, as well as two different models of 10 meter single-band transceivers. It failed, however, in its effort to market a dualband VHF/UHF hand-held radio. Over the years, RadioShack has offered fewer discrete components in its brick-and-mortar stores, moving that stock and other products to its online outlet, as it shifted its marketing focus to cell phones, consumer electronics, and various battery-operated gadgets. -- Thanks to Reuters, Yahoo! Finance

Source:

The ARRL Letter

Member Comments:
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RadioShack Announces 1100 Store Closings:  
by K1CJS on March 7, 2014 Mail this to a friend!
Second story about the same thing.
 
RadioShack Announces 1100 Store Closings:  
by W6IZT on March 8, 2014 Mail this to a friend!
This is sad, but times are changing. I order almost all of my electronic parts on line from Mouser or Digi-Key, and my hardware from McMaster Carr
 
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