- #Radio shack going out of business announcement mod#
- #Radio shack going out of business announcement serial#
Radioshack at the time was all about sales and commission and they tracked a lot of stats. Most of the guys there had no clue and would say whatever they needed to in order to get a sale. I was an 19 year old computer science major, who understood how everything in the store worked and could debug most issues without any training. I used to work at radioshack, terrible company. If you want a picture that belongs to you to be removed from /r/pics then please file a copyright notice here.Ĭlick here to find more specialized picture subreddits Please mark spoilers for current movies/games/books with spoiler tags.
#Radio shack going out of business announcement mod#
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#Radio shack going out of business announcement serial#
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RadioShack goes back to 1921, when it opened a store and mail-order operation in Boston to serve the needs of radio officers aboard ships. Related: RadioShack employees: Tales from the walking deadīut with online shopping, those brick-and-mortar stores became dead weight. population lived or worked within a few minutes of a RadioShack location. Once upon a time, RadioShack bragged about its vast retail network, saying that 90% of the U.S. By year's end it was battling with its lenders to get the green light to close more. Last March, the company announced a plan to close about 1,100 stores, but it was only able to close 175 stores through the end of October.
Related: 94 years of hits and misses at RadioShackīut closing stores is expensive, due to the cost of severance, liquidating merchandise and paying penalties to get out of leases.Īnd RadioShack has been so low on cash it couldn't afford to close enough of the stores strangling its business. Losses have been mounting, and in its latest quarter sales plunged 16% from a year ago.Ĭash-strapped, RadioShack found itself saddled with more than 5,000 stores at the beginning of last year, many of which it couldn't afford to keep open. It's been a long, slow decline for RadioShack. And RadioShack ( RSHC) workers have told CNNMoney that some locations have already been converted to clearance stores. The New York Stock Exchange suspended trading of its shares on Monday. The bankruptcy announcement is no surprise.
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